Price for Pectic Substances; Pectinates and Pectates in Lithuania - 2023

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in Lithuania (CIF) - 2022
2. Price for Pectic Substances; Pectinates and Pectates in Lithuania (FOB) - 2023
3. Imports of Pectic Substances; Pectinates and Pectates in Lithuania
4. Exports of Pectic Substances; Pectinates and Pectates in Lithuania

Price for Pectic Substances; Pectinates and Pectates in Lithuania (CIF) - 2022

The average import price for pectic substances; pectinates and pectateses stood at $14,011 per ton in 2022, with a decrease of -8.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2013 an increase of 14% against the previous year. The import price peaked at $15,929 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Poland ($18,687 per ton), while the price for Spain ($10,642 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pectic Substances; Pectinates and Pectates in Lithuania (FOB) - 2023

The average export price for pectic substances; pectinates and pectateses stood at $14,753 per ton in September 2023, which is down by -25.7% against the previous month. Overall, the export price recorded a slight descent. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 40% against the previous month. The export price peaked at $19,851 per ton in August 2023, and then shrank notably in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Latvia ($24,715 per ton), while the average price for exports to Russia amounted to $14,165 per ton.

From October 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pectic Substances; Pectinates and Pectates in Lithuania

In 2022, overseas purchases of pectic substances; pectinates and pectateses decreased by -15.9% to 184 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +12.8% 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 +43.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. As a result, imports attained the peak of 219 tons, and then contracted markedly in the following year.

In value terms, pectic substances; pectinates and pectates imports contracted sharply to $2.6M in 2022. Over the period under review, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 57%. As a result, imports reached the peak of $3.3M, and then reduced remarkably in the following year.

Top Suppliers of Pectic Substances; Pectinates and Pectates to Lithuania in 2022:

1. Poland (49.0 tons)
2. Italy (44.0 tons)
3. Spain (33.5 tons)
4. Germany (29.3 tons)
5. Finland (17.5 tons)
6. France (1.3 tons)

Exports of Pectic Substances; Pectinates and Pectates in Lithuania

After three years of growth, overseas shipments of pectic substances; pectinates and pectateses decreased by -27.2% to 128 tons in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +10.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 37%.

In value terms, pectic substances; pectinates and pectates exports declined sharply to $1.7M in 2022. In general, exports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by 45% against the previous year. As a result, the exports attained the peak of $2.6M, and then reduced sharply in the following year.

Top Export Markets for Pectic Substances; Pectinates and Pectates from Lithuania in 2022:

1. Russia (97.6 tons)
2. Ukraine (18.0 tons)
3. Latvia (12.8 tons)

Source: IndexBox Market Intelligence Platform