Lithuania - Linseed Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLinseed Oil Price in Lithuania - 2023
Contents:
- Linseed Oil Price in Lithuania (CIF) - 2022
- Linseed Oil Price in Lithuania (FOB) - 2022
- Linseed Oil Imports in Lithuania
- Linseed Oil Exports in Lithuania
Linseed Oil Price in Lithuania (CIF) - 2022
The average linseed oil import price stood at $3,229 per ton in 2022, reducing by -10.8% against the previous year. Over the period under review, the import price saw a abrupt decrease. The growth pace was the most rapid in 2014 when the average import price increased by 36%. As a result, import price attained the peak level of $6,399 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($5,737 per ton), while the price for Belgium ($2,280 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Linseed Oil Price in Lithuania (FOB) - 2022
The average linseed oil export price stood at $3,592 per ton in 2022, reducing by -59.1% against the previous year. Overall, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2021 an increase of 87% against the previous year. As a result, the export price reached the peak level of $8,790 per ton, and then reduced rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($9,401 per ton), while the average price for exports to Latvia ($2,517 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 Ukraine (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.
Linseed Oil Imports in Lithuania
In 2022, the amount of linseed oil imported into Lithuania fell notably to 46 tons, reducing by -25.8% on the previous year. Over the period under review, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 70%. As a result, imports attained the peak of 62 tons, and then dropped notably in the following year.
In value terms, linseed oil imports plummeted to $148K in 2022. In general, imports recorded a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 48%.
| Import of Linseed Oil in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 7.0 | 10.5 | 3.0 | 66.2 | 111.5% |
| Germany | 109 | 56.5 | 73.4 | 41.5 | -27.5% |
| Latvia | 8.4 | 12.7 | 12.1 | 10.8 | 8.7% |
| Poland | 3.3 | 14.3 | 58.8 | 7.8 | 33.2% |
| Ukraine | 57.7 | 42.4 | 44.6 | 7.3 | -49.8% |
| Russia | 21.2 | 5.6 | 2.5 | 1.0 | -63.9% |
| Estonia | 11.6 | 1.8 | 13.6 | 0.1 | -79.5% |
| Others | 31.7 | 8.0 | 16.0 | 13.4 | -25.0% |
| Total | 250 | 152 | 224 | 148 | -16.0% |
Top Suppliers of Linseed Oil to Lithuania in 2022:
- Estonia (undefined tons)
- Belgium (29.0 tons)
- Germany (7.2 tons)
- Poland (3.2 tons)
- Latvia (3.0 tons)
- Ukraine (1.7 tons)
- Russia (0.1 tons)
Linseed Oil Exports in Lithuania
In 2022, overseas shipments of linseed oil were finally on the rise to reach 30 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, linseed oil exports soared to $109K in 2022. Overall, exports showed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Linseed Oil in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 0.1 | 0.2 | 0.5 | 63.1 | 757.7% |
| Russia | 38.4 | 7.2 | 23.5 | 15.4 | -26.3% |
| United Kingdom | 1.5 | 5.7 | 9.4 | 11.8 | 98.9% |
| Estonia | 17.5 | 17.4 | 4.1 | 9.4 | -18.7% |
| Sweden | 7.7 | 11.2 | 9.4 | 4.2 | -18.3% |
| Others | 1.5 | 7.5 | 2.0 | 5.3 | 52.3% |
| Total | 66.7 | 49.3 | 48.9 | 109 | 17.8% |
Top Export Markets for Linseed Oil from Lithuania in 2022:
- Latvia (25.1 tons)
- Estonia (2.8 tons)
- Russia (1.6 tons)
- United Kingdom (0.2 tons)
- Sweden (0.2 tons)
This report provides an in-depth analysis of the linseed oil market 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:
- FCL 334 - Oil of Linseed
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
-
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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