Salicylic Acid Price in Lithuania - 2023
Contents:
- Salicylic Acid Price in Lithuania (CIF) - 2022
- Salicylic Acid Price in Lithuania (FOB) - 2022
- Salicylic Acid Imports in Lithuania
- Salicylic Acid Exports in Lithuania
Salicylic Acid Price in Lithuania (CIF) - 2022
In 2022, the average salicylic acid import price amounted to $1,680 per ton, rising by 25% against the previous year. Overall, the import price, however, continues to indicate a abrupt decrease. Over the period under review, average import prices reached the maximum at $4,785 per ton in 2012; however, from 2013 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 ($1,132 per ton), while the price for Hungary totaled $503 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-11.1%).
Salicylic Acid Price in Lithuania (FOB) - 2022
The average salicylic acid export price stood at $13,556 per ton in 2022, with a decrease of -57.2% against the previous year. In general, the export price, however, enjoyed a modest expansion. The growth pace was the most rapid in 2020 when the average export price increased by 174% against the previous year. Over the period under review, the average export prices hit record highs at $31,659 per ton in 2021, and then shrank dramatically in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($43,750 per ton), while the average price for exports to Belarus ($7,335 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 Estonia (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Salicylic Acid Imports in Lithuania
In 2022, overseas purchases of salicylic acid and its salts decreased by -76.1% to 11 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 115%. As a result, imports attained the peak of 50 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, salicylic acid imports shrank rapidly to $18K in 2022. In general, imports saw a sharp shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 42%. As a result, imports attained the peak of $114K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Salicylic Acid in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 73.1 | 70.4 | 55.2 | 11.7 | -45.7% |
| Hungary | N/A | N/A | N/A | 0.1 | 0% |
| Romania | N/A | 37.8 | N/A | N/A | 0% |
| Others | 7.1 | 5.9 | 6.1 | 6.5 | -2.9% |
| Total | 80.2 | 114 | 61.2 | 18.3 | -38.9% |
Top Suppliers of Salicylic Acid to Lithuania in 2022:
- Poland (10.3 tons)
- Hungary (0.2 tons)
Salicylic Acid Exports in Lithuania
In 2022, shipments abroad of salicylic acid and its salts increased by 2,749% to 1.2 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, salicylic acid exports surged to $16K in 2022. Over the period under review, exports recorded resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Salicylic Acid in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 3.3 | N/A | N/A | 5.1 | 15.6% |
| Russia | 1.0 | N/A | 0.2 | 4.9 | 69.8% |
| Latvia | 0.1 | N/A | 0.7 | 3.5 | 227.1% |
| Estonia | 2.7 | 3.1 | 0.4 | 0.7 | -36.2% |
| Poland | 2.5 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 1.6 | 0% |
| Total | 9.6 | 3.2 | 1.3 | 15.8 | 18.1% |
Top Export Markets for Salicylic Acid from Lithuania in 2022:
- Belarus (701.0 kg)
- Russia (365.0 kg)
- Latvia (80.0 kg)
- Estonia (18.0 kg)
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