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Lithuania - Urea Resins And Thiourea Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Urea and Thiourea Resins in Lithuania - 2023
Contents:
- Price for Urea and Thiourea Resins in Lithuania (CIF) - 2023
- Price for Urea and Thiourea Resins in Lithuania (FOB) - 2023
- Imports of Urea and Thiourea Resins in Lithuania
- Exports of Urea and Thiourea Resins in Lithuania
Price for Urea and Thiourea Resins in Lithuania (CIF) - 2023
The average urea and thiourea resins import price stood at $480 per ton in September 2023, growing by 3.1% against the previous month. In general, the import price, however, saw a pronounced curtailment. The growth pace was the most rapid in April 2023 when the average import price increased by 5.9% m-o-m. The import price peaked at $879 per ton in October 2022; however, from November 2022 to September 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Poland.
From September 2022 to September 2023, the rate of growth in terms of prices for Poland amounted to -4.8% per month.
Price for Urea and Thiourea Resins in Lithuania (FOB) - 2023
The average urea and thiourea resins export price stood at $525 per ton in September 2023, with an increase of 6.6% against the previous month. In general, the export price, however, continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in July 2023 an increase of 100% m-o-m. As a result, the export price reached the peak level of $1,164 per ton. From August 2023 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Ukraine ($889 per ton), while the average price for exports to Poland ($441 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (-3.6%), while the prices for the other major destinations experienced a decline.
Imports of Urea and Thiourea Resins in Lithuania
In 2022, urea and thiourea resins imports into Lithuania skyrocketed to 30K tons, increasing by 61% compared with the year before. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, urea and thiourea resins imports skyrocketed to $24M in 2022. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Urea and Thiourea Resins in Lithuania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 5.0 | 5.6 | 8.1 | 23.3 | 67.0% |
Austria | N/A | 2.6 | 0.8 | 0.1 | -80.4% |
Others | 0.3 | 0.3 | 0.7 | 0.6 | 26.0% |
Total | 5.3 | 8.5 | 9.6 | 24.0 | 65.4% |
Top Suppliers of Urea and Thiourea Resins to Lithuania in 2022:
- Poland (29.6K tons)
- Austria (0.1K tons)
Exports of Urea and Thiourea Resins in Lithuania
In 2022, shipments abroad of urea resins and thiourea resins in primary forms decreased by -55.9% to 16K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by 51% against the previous year. As a result, the exports attained the peak of 35K tons, and then fell significantly in the following year.
In value terms, urea and thiourea resins exports dropped significantly to $13M in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 160%. As a result, the exports reached the peak of $18M, and then fell rapidly in the following year.
Export of Urea and Thiourea Resins in Lithuania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 6.4 | 6.4 | 12.2 | 11.8 | 22.6% |
Estonia | 0.1 | N/A | 0.3 | 0.5 | 71.0% |
Ukraine | 0.4 | 0.4 | 5.4 | 0.3 | -9.1% |
Others | 0.3 | 0.1 | 0.4 | 0.4 | 10.1% |
Total | 7.2 | 7.0 | 18.2 | 13.0 | 21.8% |
Top Export Markets for Urea and Thiourea Resins from Lithuania in 2022:
- Poland (14.6K tons)
- Estonia (0.6K tons)
- Ukraine (0.3K tons)
This report provides an in-depth analysis of the market for urea and thiourea resins in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20165550 - Urea resins and thiourea resins, in primary forms
Country coverage:
- Lithuania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Lithuania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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