Starches; Inulin Price in Lithuania - 2023
Contents:
- Starches; Inulin Price in Lithuania (FOB) - 2023
- Starches; Inulin Price in Lithuania (CIF) - 2023
- Starches; Inulin Exports in Lithuania
- Starches; Inulin Imports in Lithuania
Starches; Inulin Price in Lithuania (FOB) - 2023
The average starches; inulin export price stood at $522 per ton in September 2023, shrinking by -8.1% against the previous month. Overall, the export price recorded a mild decline. The most prominent rate of growth was recorded in November 2022 an increase of 12% against the previous month. As a result, the export price reached the peak level of $726 per ton. From December 2022 to September 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Denmark ($823 per ton), while the average price for exports to Poland ($470 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 Denmark (+2.6%), while the prices for the other major destinations experienced a decline.
Starches; Inulin Price in Lithuania (CIF) - 2023
In September 2023, the average starches; inulin import price amounted to $841 per ton, approximately reflecting the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 25% m-o-m. Over the period under review, average import prices reached the maximum at $1,223 per ton in February 2023; however, from March 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Latvia ($1,432 per ton), while the price for Hungary ($573 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Denmark (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Exports in Lithuania
In 2022, starches; inulin exports from Lithuania expanded rapidly to 154K tons, increasing by 14% on the previous year. The total export volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, starches; inulin exports soared to $79M in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Starches; Inulin in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 20.8 | 20.2 | 24.7 | 36.3 | 20.4% |
| Finland | 7.5 | 6.4 | 9.6 | 16.9 | 31.1% |
| Germany | 2.2 | 3.0 | 3.1 | 8.1 | 54.4% |
| Russia | 1.7 | 1.7 | 1.7 | 6.3 | 54.7% |
| France | N/A | N/A | 0.1 | 2.6 | 2500.0% |
| Netherlands | 2.2 | 0.5 | 0.8 | 0.8 | -28.6% |
| South Korea | 2.4 | 1.0 | 1.9 | N/A | -11.0% |
| Others | 7.3 | 6.0 | 7.2 | 8.5 | 5.2% |
| Total | 44.1 | 39.0 | 49.2 | 79.4 | 21.7% |
Top Export Markets for Starches; Inulin from Lithuania in 2022:
- Poland (73.7K tons)
- Finland (31.3K tons)
- Russia (15.7K tons)
- Germany (11.3K tons)
- France (8.7K tons)
- Netherlands (3.3K tons)
Starches; Inulin Imports in Lithuania
In 2022, starches; inulin imports into Lithuania soared to 15K tons, growing by 103% compared with the previous year's figure. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, starches; inulin imports skyrocketed to $12M in 2022. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Starches; Inulin in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 71.7 | 78.6 | 144 | 4,282 | 290.9% |
| Poland | 1,816 | 910 | 1,697 | 2,354 | 9.0% |
| Germany | 265 | 341 | 694 | 1,721 | 86.6% |
| Latvia | 958 | 1,120 | 1,103 | 1,040 | 2.8% |
| Denmark | 280 | 446 | 340 | 700 | 35.7% |
| Austria | 155 | 27.5 | 0.1 | 453 | 43.0% |
| Ukraine | 239 | 184 | 210 | 415 | 20.2% |
| France | 298 | 544 | 449 | 387 | 9.1% |
| Slovakia | 94.1 | 127 | 161 | 122 | 9.0% |
| Others | 481 | 398 | 324 | 892 | 22.9% |
| Total | 4,658 | 4,177 | 5,120 | 12,366 | 38.5% |
Top Suppliers of Starches; Inulin to Lithuania in 2022:
- Netherlands (4.6K tons)
- Poland (2.8K tons)
- Germany (1.8K tons)
- Ukraine (1.0K tons)
- Denmark (1.0K tons)
- Austria (1.0K tons)
- Latvia (1.0K tons)
- France (0.7K tons)
- Slovakia (0.1K tons)
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