Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Lithuania - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Lithuania (CIF) - 2024
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Lithuania (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Lithuania
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Lithuania
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Lithuania (CIF) - 2024
In September 2023, the average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $983 per ton, growing by 14% against the previous month. In general, the import price enjoyed a tangible expansion. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 61% m-o-m. As a result, import price attained the peak level of $1,344 per ton. From May 2023 to September 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From March 2023 to September 2023, the rate of growth in terms of prices for China amounted to +2.5% per month.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Lithuania (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $1,244 per ton in 2022, with an increase of 41% against the previous year. Over the period under review, the export price, however, recorded a mild curtailment. The export price peaked at $1,430 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($2,369 per ton), while the average price for exports to Ukraine ($1,074 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 Latvia (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Lithuania
Imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses into Lithuania skyrocketed to 9.8K tons in 2022, growing by 47% against 2021. Over the period under review, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 109% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses surged to $7.7M in 2022. Overall, imports, however, saw a mild downturn. The pace of growth appeared the most rapid in 2021 with an increase of 173% against the previous year.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Lithuania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 1.4 | 1.0 | 3.9 | 3.9 | 40.7% |
China | 1.3 | 0.7 | 0.7 | 2.6 | 26.0% |
Germany | 1.3 | N/A | 0.1 | 0.4 | -32.5% |
Spain | N/A | N/A | N/A | 0.4 | 0% |
Others | 4.1 | N/A | 0.1 | 0.3 | -58.2% |
Total | 8.2 | 1.8 | 4.9 | 7.7 | -2.1% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Lithuania in 2022:
- Sweden (4.5K tons)
- China (3.7K tons)
- Germany (0.7K tons)
- Spain (0.7K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Lithuania
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; salts of formic acidses exported from Lithuania amounted to 5.6K tons, stabilizing at 2021 figures. Overall, exports, however, faced a dramatic setback. The pace of growth was the most pronounced in 2021 with an increase of 185% against the previous year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses skyrocketed to $7M in 2022. In general, exports, however, saw a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 175%.
Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 2,114 | 632 | 2,378 | 3,542 | 18.8% |
Latvia | 594 | 132 | 524 | 1,158 | 24.9% |
Estonia | 534 | 159 | 728 | 953 | 21.3% |
France | N/A | N/A | N/A | 284 | 0% |
Ukraine | 191 | 280 | 548 | 256 | 10.3% |
Czech Republic | 414 | 259 | 48.5 | 255 | -14.9% |
Croatia | 312 | 23.9 | 29.7 | 85.5 | -35.0% |
Germany | 303 | 65.5 | 79.3 | N/A | -48.8% |
Others | 5,825 | 242 | 593 | 459 | -57.1% |
Total | 10,287 | 1,795 | 4,930 | 6,994 | -12.1% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Lithuania in 2022:
- Poland (3201.1 tons)
- Estonia (762.3 tons)
- Latvia (658.1 tons)
- Ukraine (238.8 tons)
- Czech Republic (182.5 tons)
- France (119.9 tons)
- Croatia (65.7 tons)
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