| Product Code: ETC5349319 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Lithuania`s crude oil import shipments in 2024 continued to be dominated by top exporting countries such as Saudi Arabia, Norway, Algeria, UK, and USA. Despite a slight decline in growth rate from 2023 to 2024, the Compound Annual Growth Rate (CAGR) for the period 2020-2024 remained strong at 22.66%. The High Herfindahl-Hirschman Index (HHI) indicates a high concentration of imports among these key suppliers, highlighting the importance of monitoring market dynamics and diversification strategies in the crude oil import sector for Lithuania.

By 2027, the Crude Oil market in Lithuania is anticipated to reach a growth rate of 3.73%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Lithuania Crude Oil Market Overview |
3.1 Lithuania Country Macro Economic Indicators |
3.2 Lithuania Crude Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Lithuania Crude Oil Market - Industry Life Cycle |
3.4 Lithuania Crude Oil Market - Porter's Five Forces |
3.5 Lithuania Crude Oil Market Revenues & Volume Share, By Derivatives, 2021 & 2031F |
3.6 Lithuania Crude Oil Market Revenues & Volume Share, By Composition, 2021 & 2031F |
3.7 Lithuania Crude Oil Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.8 Lithuania Crude Oil Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Lithuania Crude Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy in Lithuania |
4.2.2 Growing industrial sector in the country |
4.2.3 Government initiatives to promote energy security and self-sufficiency |
4.3 Market Restraints |
4.3.1 Volatility in global crude oil prices |
4.3.2 Environmental concerns and push towards renewable energy sources |
5 Lithuania Crude Oil Market Trends |
6 Lithuania Crude Oil Market Segmentations |
6.1 Lithuania Crude Oil Market, By Derivatives |
6.1.1 Overview and Analysis |
6.1.2 Lithuania Crude Oil Market Revenues & Volume, By Paraffin, 2021-2031F |
6.1.3 Lithuania Crude Oil Market Revenues & Volume, By Pentane, 2021-2031F |
6.1.4 Lithuania Crude Oil Market Revenues & Volume, By Octane, 2021-2031F |
6.1.5 Lithuania Crude Oil Market Revenues & Volume, By Naphthene, 2021-2031F |
6.1.6 Lithuania Crude Oil Market Revenues & Volume, By Aromatics, 2021-2031F |
6.1.7 Lithuania Crude Oil Market Revenues & Volume, By Asphaltic, 2021-2031F |
6.2 Lithuania Crude Oil Market, By Composition |
6.2.1 Overview and Analysis |
6.2.2 Lithuania Crude Oil Market Revenues & Volume, By Hydrocarbon Compounds, 2021-2031F |
6.2.3 Lithuania Crude Oil Market Revenues & Volume, By Carbon, 2021-2031F |
6.2.4 Lithuania Crude Oil Market Revenues & Volume, By Hydrogen, 2021-2031F |
6.2.5 Lithuania Crude Oil Market Revenues & Volume, By Non-Hydrocarbon Compounds, 2021-2031F |
6.2.6 Lithuania Crude Oil Market Revenues & Volume, By Organometallic Compounds, 2021-2031F |
6.2.7 Lithuania Crude Oil Market Revenues & Volume, By Sodium, 2021-2031F |
6.3 Lithuania Crude Oil Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 Lithuania Crude Oil Market Revenues & Volume, By Light Distillates, 2021-2031F |
6.3.3 Lithuania Crude Oil Market Revenues & Volume, By Light Oils, 2021-2031F |
6.3.4 Lithuania Crude Oil Market Revenues & Volume, By Medium Oils, 2021-2031F |
6.3.5 Lithuania Crude Oil Market Revenues & Volume, By Heavy Fuel Oil, 2021-2031F |
6.4 Lithuania Crude Oil Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Lithuania Crude Oil Market Revenues & Volume, By Light Commercial Vehicles, 2021-2031F |
6.4.3 Lithuania Crude Oil Market Revenues & Volume, By Passenger Vehicles, 2021-2031F |
6.4.4 Lithuania Crude Oil Market Revenues & Volume, By Mining, 2021-2031F |
6.4.5 Lithuania Crude Oil Market Revenues & Volume, By Agriculture, 2021-2031F |
6.4.6 Lithuania Crude Oil Market Revenues & Volume, By Residential, 2021-2031F |
7 Lithuania Crude Oil Market Import-Export Trade Statistics |
7.1 Lithuania Crude Oil Market Export to Major Countries |
7.2 Lithuania Crude Oil Market Imports from Major Countries |
8 Lithuania Crude Oil Market Key Performance Indicators |
8.1 Average daily crude oil consumption in Lithuania |
8.2 Number of new industrial projects requiring crude oil as a primary energy source |
8.3 Investment in infrastructure for crude oil storage and transportation |
9 Lithuania Crude Oil Market - Opportunity Assessment |
9.1 Lithuania Crude Oil Market Opportunity Assessment, By Derivatives, 2021 & 2031F |
9.2 Lithuania Crude Oil Market Opportunity Assessment, By Composition, 2021 & 2031F |
9.3 Lithuania Crude Oil Market Opportunity Assessment, By Type, 2021 & 2031F |
9.4 Lithuania Crude Oil Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Lithuania Crude Oil Market - Competitive Landscape |
10.1 Lithuania Crude Oil Market Revenue Share, By Companies, 2024 |
10.2 Lithuania Crude Oil Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |