Waxes; Artificial, Prepared Price in Lithuania - 2023

Contents:

1. Waxes; Artificial, Prepared Price in Lithuania (CIF) - 2023
2. Waxes; Artificial, Prepared Price in Lithuania (FOB) - 2022
3. Waxes; Artificial, Prepared Imports in Lithuania
4. Waxes; Artificial, Prepared Exports in Lithuania

Waxes; Artificial, Prepared Price in Lithuania (CIF) - 2023

The average waxes; artificial, prepared import price stood at $1,724 per ton in September 2023, jumping by 18% against the previous month. In general, the import price, however, showed a slight contraction. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 32% m-o-m. As a result, import price attained the peak level of $2,204 per ton. From February 2023 to September 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Sweden ($10,985 per ton), while the price for Indonesia ($1,131 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 Poland (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Waxes; Artificial, Prepared Price in Lithuania (FOB) - 2022

The average waxes; artificial, prepared export price stood at $2,814 per ton in 2022, reducing by -2.1% against the previous year. In general, the export price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2020 when the average export price increased by 164% against the previous year. Over the period under review, the average export prices reached the maximum at $5,392 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($7,787 per ton), while the average price for exports to Poland ($1,658 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 Romania (+33.3%), while the prices for the other major destinations experienced more modest paces of growth.

Waxes; Artificial, Prepared Imports in Lithuania

For the fourth year in a row, Lithuania recorded growth in purchases abroad of waxes; artificial, prepared, which increased by 15% to 5K tons in 2022. In general, imports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 127% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, waxes; artificial, prepared imports surged to $9.7M in 2022. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 124%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Top Suppliers of Waxes; Artificial, Prepared to Lithuania in 2022:

1. Belarus (2414.8 tons)
2. Indonesia (1715.4 tons)
3. Czech Republic (259.3 tons)
4. Germany (157.7 tons)
5. Netherlands (131.7 tons)
6. Russia (93.9 tons)

Waxes; Artificial, Prepared Exports in Lithuania

Waxes; artificial, prepared exports from Lithuania skyrocketed to 2.6K tons in 2022, jumping by 164% compared with the previous year. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 205% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, waxes; artificial, prepared exports surged to $7.2M in 2022. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Waxes; Artificial, Prepared from Lithuania in 2022:

1. Poland (1379.6 tons)
2. Russia (281.4 tons)
3. Germany (258.5 tons)
4. Spain (229.5 tons)
5. Belarus (88.9 tons)
6. Latvia (70.0 tons)
7. Romania (47.3 tons)
8. Slovenia (12.9 tons)
9. Croatia (6.4 tons)

Source: IndexBox Market Intelligence Platform