Lithuania - Palm Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPalm Oil Price in Lithuania - 2023
Contents:
- Palm Oil Price in Lithuania (CIF) - 2023
- Palm Oil Price in Lithuania (FOB) - 2022
- Palm Oil Imports in Lithuania
- Palm Oil Exports in Lithuania
Palm Oil Price in Lithuania (CIF) - 2023
The average palm oil import price stood at $1,703 per ton in September 2023, surging by 2.4% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 12% m-o-m. As a result, import price attained the peak level of $2,005 per ton. From January 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($2,419 per ton), while the price for Belgium ($1,488 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Palm Oil Price in Lithuania (FOB) - 2022
In 2022, the average palm oil export price amounted to $2,357 per ton, jumping by 31% against the previous year. Over the period under review, the export price showed pronounced growth. The growth pace was the most rapid in 2021 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($2,675 per ton) and Finland ($2,530 per ton), while the average price for exports to Slovakia ($2,021 per ton) and Latvia ($2,234 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Palm Oil Imports in Lithuania
Palm oil imports into Lithuania expanded sharply to 18K tons in 2022, growing by 11% compared with 2021. The total import volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, palm oil imports soared to $31M in 2022. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Palm Oil in Lithuania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 7.2 | 9.3 | 9.3 | 15.1 | 28.0% |
Netherlands | 0.8 | 1.6 | 5.3 | 6.5 | 101.0% |
Poland | 2.5 | 3.0 | 3.6 | 4.5 | 21.6% |
Sweden | 1.8 | 1.2 | 1.6 | 1.7 | -1.9% |
Italy | N/A | N/A | N/A | 1.2 | 0% |
Denmark | 0.3 | N/A | N/A | 0.7 | 32.6% |
Others | 0.4 | 0.5 | 0.6 | 0.8 | 26.0% |
Total | 13.0 | 15.6 | 20.5 | 30.5 | 32.9% |
Top Suppliers of Palm Oil to Lithuania in 2022:
- Germany (9.8K tons)
- Netherlands (3.6K tons)
- Poland (2.3K tons)
- Sweden (0.9K tons)
- Italy (0.6K tons)
- Denmark (0.5K tons)
Palm Oil Exports in Lithuania
In 2022, overseas shipments of palm oil were finally on the rise to reach 380 tons after two years of decline. Overall, exports, however, showed a dramatic decline.
In value terms, palm oil exports surged to $896K in 2022. In general, exports, however, recorded a sharp reduction.
Export of Palm Oil in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Estonia | 342 | 385 | 191 | 460 | 10.4% |
Latvia | 259 | 178 | 114 | 255 | -0.5% |
Russia | 0.8 | 1.0 | N/A | 106 | 409.8% |
Finland | N/A | N/A | N/A | 45.0 | 0% |
Slovakia | 9.1 | 10.7 | 17.0 | 17.9 | 25.3% |
Poland | 752 | 321 | N/A | N/A | -57.3% |
Czech Republic | 395 | 342 | N/A | N/A | -13.4% |
Netherlands | 196 | 0.7 | N/A | N/A | -99.6% |
Others | 93.3 | 2.8 | 7.0 | 11.2 | -50.7% |
Total | 2,048 | 1,241 | 330 | 896 | -24.1% |
Top Export Markets for Palm Oil from Lithuania in 2022:
- Estonia (193.9 tons)
- Latvia (114.3 tons)
- Russia (39.6 tons)
- Finland (17.8 tons)
- Slovakia (8.8 tons)
This report provides an in-depth analysis of the palm oil 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:
- FCL 257 - Oil of palm
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
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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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The global palm oil market increased from X tons in 2007 to X tons in 2016, expanding with an annual average growth rate of +X% per year over that period.
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