Price for Dyes; Reactive Dyes and Preparations Based Thereon in Lithuania - 2023

Contents:

1. Price for Dyes; Reactive Dyes and Preparations Based Thereon in Lithuania (CIF) - 2023
2. Price for Dyes; Reactive Dyes and Preparations Based Thereon in Lithuania (FOB) - 2022
3. Imports of Dyes; Reactive Dyes and Preparations Based Thereon in Lithuania
4. Exports of Dyes; Reactive Dyes and Preparations Based Thereon in Lithuania

Price for Dyes; Reactive Dyes and Preparations Based Thereon in Lithuania (CIF) - 2023

The average import price for dyes; reactive dyes and preparations based therea stood at $10,858 per ton in November 2023, reducing by -3% against the previous month. Overall, the import price continues to indicate a mild downturn. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 77% month-to-month. As a result, import price reached the peak level of $15,614 per ton. From July 2023 to November 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Sweden ($17,706 per ton), while the price for China ($5,085 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Austria (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Dyes; Reactive Dyes and Preparations Based Thereon in Lithuania (FOB) - 2022

The average export price for dyes; reactive dyes and preparations based therea stood at $6,456 per ton in 2022, waning by -14.4% against the previous year. In general, the export price showed a noticeable slump. The pace of growth appeared the most rapid in 2015 an increase of 45% against the previous year. The export price peaked at $13,791 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Belarus ($36,714 per ton), while the average price for exports to Russia ($5,391 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 (+37.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dyes; Reactive Dyes and Preparations Based Thereon in Lithuania

Imports of dyes; reactive dyes and preparations based therea into Lithuania was estimated at 128 tons in 2022, stabilizing at the previous year. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 13% against the previous year.

In value terms, imports of dyes; reactive dyes and preparations based therea soared to $2.1M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Dyes; Reactive Dyes and Preparations Based Thereon to Lithuania in 2022:

1. Germany (56.1 tons)
2. Austria (43.2 tons)
3. Sweden (9.4 tons)
4. Italy (8.2 tons)
5. South Korea (4.5 tons)
6. Belgium (3.0 tons)

Exports of Dyes; Reactive Dyes and Preparations Based Thereon in Lithuania

In 2022, the amount of dyes; reactive dyes and preparations based therea exported from Lithuania fell rapidly to 13 tons, which is down by -64.1% compared with 2021 figures. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 549%. As a result, the exports reached the peak of 36 tons, and then contracted notably in the following year.

In value terms, exports of dyes; reactive dyes and preparations based therea fell rapidly to $82K in 2022. Overall, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 406%. As a result, the exports reached the peak of $268K, and then reduced markedly in the following year.

Top Export Markets for Dyes; Reactive Dyes and Preparations Based Thereon from Lithuania in 2022:

1. Russia (11.0 tons)
2. Uzbekistan (1.6 tons)

Source: IndexBox Market Intelligence Platform