Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Lithuania - 2023

Contents:

1. Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Lithuania (CIF) - 2022
2. Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Lithuania (FOB) - 2022
3. Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Lithuania
4. Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Lithuania

Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Lithuania (CIF) - 2022

The average import price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $3,698 per ton in 2022, dropping by -13.5% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average import price increased by 39% against the previous year. The import price peaked at $4,275 per ton in 2021, and then dropped in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Latvia ($3,548 per ton), while the price for Estonia totaled $3,371 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+12.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Lithuania (FOB) - 2022

The average export price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $1,569 per ton in 2022, growing by 46% against the previous year. Over the period under review, the export price, however, saw a abrupt contraction. Over the period under review, the average export prices reached the maximum at $6,934 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Russia ($6,674 per ton), while the average price for exports to Norway ($457 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 Belarus (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Lithuania

In 2022, purchases abroad of terpenic oils; gum, wood or sulphate turpentine oilses was finally on the rise to reach 17 tons after two years of decline. Overall, imports, however, continue to indicate a abrupt slump.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses skyrocketed to $63K in 2022. Over the period under review, imports, however, faced a deep reduction.

Top Suppliers of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils to Lithuania in 2022:

1. Estonia (10.5 tons)
2. Latvia (6.4 tons)

Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Lithuania

For the third consecutive year, Lithuania recorded decline in shipments abroad of terpenic oils; gum, wood or sulphate turpentine oilses, which decreased by -90.2% to 4.1 tons in 2022. Over the period under review, exports continue to indicate a significant decline. The smallest decline of -8.3% was in 2020.

In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses shrank sharply to $6.4K in 2022. In general, exports saw a sharp decrease. The smallest decline of -17.9% was in 2021.

Top Export Markets for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils from Lithuania in 2022:

1. Latvia (2.9 tons)
2. Norway (1.1 tons)
3. Belarus (0.1 tons)

Source: IndexBox Market Intelligence Platform