Lithuania: Alcohols Market 2024

Alcohols Market Size in Lithuania

In 2020, the Lithuanian alcohols market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2020, the growth of the market remained at a somewhat lower figure.

Alcohols Production in Lithuania

In value terms, alcohols production surged to $X in 2020 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2020, production remained at a lower figure.

Alcohols Exports

Exports from Lithuania

After two years of growth, overseas shipments of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by X% to X tons in 2020. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then fell sharply in the following year.

In value terms, alcohols exports shrank dramatically to $X in 2020. In general, exports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by X%. As a result, the exports attained the peak of $X, and then reduced remarkably in the following year.

Exports by Country

Poland (X tons) was the main destination for alcohols exports from Lithuania, with a X% share of total exports. Moreover, alcohols exports to Poland exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was held by Belarus (X tons), with an X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to Poland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Belarus (X% per year).

In value terms, Poland ($X) remains the key foreign market for alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value to Poland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (X% per year) and Germany (X% per year).

Export Prices by Country

In 2020, the average alcohols export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2020, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2020, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Alcohols Imports

Imports into Lithuania

In 2020, after four years of growth, there was significant decline in purchases abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, when their volume decreased by X% to X tons. Overall, total imports indicated a moderate increase from 2012 to 2020: its volume increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2019, and then dropped in the following year.

In value terms, alcohols imports fell significantly to $X in 2020. In general, imports recorded a noticeable curtailment. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2020, the growth of imports failed to regain momentum.

Imports by Country

Belgium (X tons), Russia (X tons) and the Netherlands (X tons) were the main suppliers of alcohols imports to Lithuania, with a combined X% share of total imports.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives to Lithuania, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2012 to 2020, the average annual growth rate of value from Belgium totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Russia (X% per year).

Import Prices by Country

The average alcohols import price stood at $X per ton in 2020, waning by X% against the previous year. Over the period under review, the import price showed a deep slump. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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