Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Lithuania - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Lithuania (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Lithuania (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Lithuania
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Lithuania
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Lithuania (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $1,120 per ton in 2022, picking up by 35% against the previous year. Over the period under review, the import price recorded a mild increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 68% against the previous year. Over the period under review, average import prices attained the maximum at $1,923 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($1,129 per ton) and Finland ($950 per ton), while the price for Poland ($872 per ton) and the Netherlands ($915 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.2%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Lithuania (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $1,402 per ton in 2022, increasing by 38% against the previous year. Overall, the export price recorded noticeable growth. The pace of growth was the most pronounced in 2021 an increase of 64% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($2,294 per ton), while the average price for exports to Latvia ($1,178 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Lithuania
For the third consecutive year, Lithuania recorded decline in supplies from abroad of acids; saturated acyclic monocarboxylic acids; formic acids, which decreased by -2% to 556 tons in 2022. In general, imports saw a abrupt contraction.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids surged to $623K in 2022. Over the period under review, total imports indicated a tangible increase from 2019 to 2022: its value increased at an average annual rate of +3.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 42% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 186 | 85.5 | 326 | 547 | 43.3% |
| Netherlands | 0.1 | 0.3 | 0.6 | 41.5 | 645.9% |
| Finland | 37.1 | 37.7 | 57.1 | 14.8 | -26.4% |
| China | 49.2 | 122 | 38.2 | N/A | -11.9% |
| Sweden | N/A | 56.3 | N/A | N/A | 0% |
| Others | 289 | 28.7 | 47.8 | 19.4 | -59.4% |
| Total | 561 | 330 | 469 | 623 | 3.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Lithuania in 2022:
- Germany (484.9 tons)
- Netherlands (45.4 tons)
- Finland (15.5 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Lithuania
In 2022, exports of acids; saturated acyclic monocarboxylic acids; formic acids from Lithuania skyrocketed to 193 tons, increasing by 68% compared with 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids soared to $271K in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 0.2 | 6.0 | 68.9 | 144 | 796.3% |
| Latvia | 27.1 | 39.4 | 31.3 | 120 | 64.2% |
| Estonia | 7.9 | 2.7 | 1.5 | 2.9 | -28.4% |
| Finland | 41.8 | N/A | N/A | N/A | 0% |
| Others | 77.8 | 8.2 | 15.0 | 3.4 | -64.8% |
| Total | 155 | 56.2 | 117 | 271 | 20.5% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Lithuania in 2022:
- Latvia (101.9 tons)
- Belarus (86.9 tons)
- Estonia (2.4 tons)
125
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Lithuania.
580
This report provides an in-depth analysis of the market for saturated acyclic monocarboxylic acids in Lithuania.
101
This report provides an in-depth analysis of the market for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids in Lithuania.
71
This report provides an in-depth analysis of the market for esters of acetic acid (excluding ethyl acetate) in Lithuania.
145
This report provides an in-depth analysis of the market for salts of acetic acid in Lithuania.
121
This report provides an in-depth analysis of the market for palmitic acid, stearic acid, their salts and esters in Lithuania.
115
This report provides an in-depth analysis of the market for lauric acid and other acids, their salts and esters in Lithuania.
73
This report provides an in-depth analysis of the ethyl acetate market in Lithuania.
82
This report provides an in-depth analysis of the acetic anhydride market in Lithuania.
124
This report provides an in-depth analysis of the acetic acid market in Lithuania.
279
Saturated Acyclic Monocarboxylic Acids are important chemical compounds used in various industries, including pharmaceuticals, cosmetics, and chemical manufacturing. In this article, we explore the world's best import markets for saturated acyclic monocarboxylic acids, backed by data and key statistics from the IndexBox market intelligence platform. Belgium leads the way as the largest importer, followed by India, Germany, China, and the United States. The Netherlands, Italy, Japan, Mexico, and Spain also play significant roles. Learn more about this vibrant and dynamic import market.
930
Global acyclic acid imports stood at X tons in 2016, coming down by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the period from...
1413
Global acyclic acid imports stood at X tons in 2016, coming down by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the period from...
209
Explore the top import markets for Esters Of Acetic Acid (excluding Ethyl Acetate) in 2023. Learn about the key countries driving the global market for esters of acetic acid.
987
In value terms, phosphoric esters and their salts imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated ...
902
In value terms, esters of other inorganic acids imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indica...
967
In value terms, phosphoric esters and their salts exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the tre...
1006
In value terms, esters of other inorganic acids exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend...
314
Learn about the expected growth in the global acetic acid market over the next seven years, driven by increasing demand. Market volume is projected to reach 6.8M tons and market value to reach $4.9B by 2030.
1077
In value terms, acetals and hemiacetals imports totaled $X in 2016. Overall, acetals and hemiacetals imports continue to indicate a mild deduction. Over the period under review, global acetals and h...
