Lithuania: Ethanol Market 2024

Ethanol Market Size in Lithuania

The Lithuanian ethanol market skyrocketed to $X in 2022, rising by X% against the previous year. Over the period under review, consumption posted a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ethanol Production in Lithuania

In value terms, ethanol production soared to $X in 2022 estimated in export price. Overall, production enjoyed a resilient expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Ethanol Exports

Exports from Lithuania

In 2022, shipments abroad of ethyl alcohol decreased by X% to X litres for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted a measured increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at X litres in 2021, and then dropped dramatically in the following year.

In value terms, ethanol exports dropped sharply to $X in 2022. In general, exports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell rapidly in the following year.

Exports by Country

The Netherlands (X litres) was the main destination for ethanol exports from Lithuania, with a X% share of total exports. Moreover, ethanol exports to the Netherlands exceeded the volume sent to the second major destination, Sweden (X litres), twofold. The third position in this ranking was taken by Germany (X litres), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Germany (X% per year).

In value terms, the largest markets for ethanol exported from Lithuania were the Netherlands ($X), Germany ($X) and Sweden ($X), together comprising X% of total exports.

Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ethanol export price amounted to $X per litre, surging by X% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethanol export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per litre) and Latvia ($X per litre), while the average price for exports to Sweden ($X per litre) and the Netherlands ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ethanol Imports

Imports into Lithuania

Ethanol imports into Lithuania rose notably to X litres in 2022, picking up by X% compared with 2021. Over the period under review, imports saw resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, ethanol imports surged to $X in 2022. In general, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

The Netherlands (X litres), Ukraine (X litres) and Poland (X litres) were the main suppliers of ethanol imports to Lithuania, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Poland ($X) and Ukraine ($X) constituted the largest ethanol suppliers to Lithuania, with a combined X% share of total imports.

Ukraine, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ethanol import price stood at $X per litre in 2022, with an increase of X% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethanol import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Poland ($X per litre) and Latvia ($X per litre), while the price for Pakistan ($X per litre) and the Netherlands ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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