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Lithuania - Oxygen - Market Analysis, Forecast, Size, Trends And Insights
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View PricingOxygen Price in Lithuania - 2023
Contents:
- Oxygen Price in Lithuania (CIF) - 2023
- Oxygen Price in Lithuania (FOB) - 2022
- Oxygen Imports in Lithuania
- Oxygen Exports in Lithuania
Oxygen Price in Lithuania (CIF) - 2023
The average oxygen import price stood at $397 per thousand cubic meters in September 2023, growing by 34% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Latvia ($404 per thousand cubic meters), while the price for Finland ($151 per thousand cubic meters) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Latvia (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Oxygen Price in Lithuania (FOB) - 2022
In 2022, the average oxygen export price amounted to $0.3 per cubic meter, reducing by -7% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oxygen export price increased by +47.1% against 2016 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 44% against the previous year. As a result, the export price attained the peak level of $0.4 per cubic meter. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($1.9 per cubic meter), while the average price for exports to Russia ($0.2 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+41.2%), while the prices for the other major destinations experienced mixed trend patterns.
Oxygen Imports in Lithuania
Oxygen imports into Lithuania fell to 4.4M cubic meters in 2022, waning by -11.6% compared with the previous year's figure. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 17% against the previous year. As a result, imports attained the peak of 5M cubic meters, and then contracted in the following year.
In value terms, oxygen imports dropped to $1.5M in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. As a result, imports reached the peak of $1.7M, and then contracted in the following year.
Import of Oxygen in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Latvia | 904 | 956 | 1,113 | 945 | 1.5% |
Estonia | 452 | 362 | 449 | 454 | 0.1% |
Others | 47.7 | 102 | 92.3 | 71.5 | 14.4% |
Total | 1,403 | 1,420 | 1,654 | 1,471 | 1.6% |
Top Suppliers of Oxygen to Lithuania in 2022:
- Latvia (2.8M cubic meters)
- Estonia (1.6M cubic meters)
Oxygen Exports in Lithuania
After three years of growth, overseas shipments of oxygen decreased by -41.6% to 1.2M cubic meters in 2022. Overall, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 591% against the previous year. As a result, the exports reached the peak of 2M cubic meters, and then dropped dramatically in the following year.
In value terms, oxygen exports declined sharply to $412K in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 751%. As a result, the exports attained the peak of $759K, and then reduced remarkably in the following year.
Export of Oxygen in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Latvia | 72.8 | 73.5 | 442 | 305 | 61.2% |
Estonia | N/A | N/A | 144 | 50.3 | -65.1% |
Ukraine | N/A | N/A | 50.3 | 36.8 | -26.8% |
Russia | 6.2 | 14.4 | 62.9 | 14.8 | 33.6% |
Belarus | 1.1 | 0.2 | 25.2 | N/A | 378.6% |
Others | 6.6 | 1.1 | 34.6 | 5.0 | -8.8% |
Total | 86.8 | 89.3 | 759 | 412 | 68.1% |
Top Export Markets for Oxygen from Lithuania in 2022:
- Latvia (947.6K cubic meters)
- Ukraine (153.7K cubic meters)
- Russia (62.6K cubic meters)
- Estonia (26.1K cubic meters)
This report provides an in-depth analysis of the oxygen market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20111170 - Oxygen
Country coverage:
- Lithuania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Lithuania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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