Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Lithuania - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Lithuania (FOB) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Lithuania (CIF) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Lithuania
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Lithuania
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Lithuania (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $37,930 per ton in 2022, standing approx. at the previous year. Overall, the export price continues to indicate significant growth. The growth pace was the most rapid in 2017 when the average export price increased by 80%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Moldova ($81,333 per ton), while the average price for exports to Russia ($12,000 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+27.3%).
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Lithuania (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $38,500 per ton in 2022, shrinking by -3.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 231%. Over the period under review, average import prices reached the maximum at $40,000 per ton in 2021, and then dropped in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($57,000 per ton), while the price for Germany ($32,778 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+13.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Lithuania
In 2022, overseas shipments of acids; saturated acyclic monocarboxylic acids; esters of formic acids decreased by 0% to 128 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 3,650% against the previous year. As a result, the exports attained the peak of 525 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids totaled $4.9K in 2022. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 3,135%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | N/A | N/A | N/A | 4.5 | 0% |
| Moldova | N/A | N/A | N/A | 0.2 | 0% |
| Belarus | N/A | N/A | N/A | 0.1 | 0% |
| Russia | 0.1 | 3.5 | N/A | N/A | 3400.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.1 | 3.5 | N/A | 4.9 | 265.9% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Lithuania in 2022:
- Kazakhstan (121.0 kg)
- Belarus (3.0 kg)
- Moldova (3.0 kg)
- Russia (1.0 kg)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Lithuania
In 2022, purchases abroad of acids; saturated acyclic monocarboxylic acids; esters of formic acids increased by 700% to 16 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports showed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids surged to $616 in 2022. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Lithuania (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 220 | 36.0 | 40.0 | 295 | 10.3% |
| Spain | N/A | N/A | N/A | 244 | 0% |
| Belgium | 37.0 | N/A | 40.0 | 57.0 | 15.5% |
| United Kingdom | N/A | 89.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 20.0 | 0% |
| Total | 257 | 125 | 80.0 | 616 | 33.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Lithuania in 2022:
- Germany (9.0 kg)
- Spain (6.0 kg)
- Belgium (1.0 kg)
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