Salts; Molybdates Price in Lithuania - 2023

Salts; Molybdates Price in Lithuania (CIF) - 2022

The average salts; molybdates import price stood at $28,057 per ton in 2022, growing by 16% against the previous year. Over the period under review, the import price showed a moderate expansion. The pace of growth was the most pronounced in 2014 an increase of 116% against the previous year. As a result, import price reached the peak level of $36,201 per ton. From 2015 to 2022, the average import prices remained at a lower figure.

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 ($27,879 per ton), while the price for Belgium amounted to $9,583 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Salts; Molybdates Price in Lithuania (FOB) - 2022

The average salts; molybdates export price stood at $17,247 per ton in 2022, with an increase of 51% against the previous year. Over the period under review, the export price, however, showed a pronounced contraction. The growth pace was the most rapid in 2016 when the average export price increased by 59% against the previous year. Over the period under review, the average export prices attained the peak figure at $22,910 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($193,000 per ton), while the average price for exports to Russia ($10,966 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 (+25.3%), while the prices for the other major destinations experienced mixed trend patterns.

Salts; Molybdates Imports in Lithuania

In 2022, imports of salts; molybdateses into Lithuania surged to 13 tons, growing by 116% on 2021. Overall, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 464% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, salts; molybdates imports soared to $352K in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 381% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Import of Salts; Molybdates in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	18.9	121	127	342	162.5%
Belgium	0.3	0.2	0.8	2.4	100.0%
Others	7.0	4.9	12.6	8.0	4.6%
Total	26.2	126	140	352	137.7%

Top Suppliers of Salts; Molybdates to Lithuania in 2022:

Poland (12.3 tons)
Belgium (0.2 tons)

Salts; Molybdates Exports in Lithuania

In 2022, overseas shipments of salts; molybdateses decreased by -75.7% to 623 kg for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 1,327%. As a result, the exports reached the peak of 2.6 tons, and then dropped notably in the following year.

In value terms, salts; molybdates exports reduced markedly to $11K in 2022. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 960%. As a result, the exports attained the peak of $29K, and then reduced notably in the following year.