Granite Building Stone Price in Lithuania - 2023

Contents:

1. Granite Building Stone Price in Lithuania (CIF) - 2023
2. Granite Building Stone Price in Lithuania (FOB) - 2022
3. Granite Building Stone Imports in Lithuania
4. Granite Building Stone Exports in Lithuania

Granite Building Stone Price in Lithuania (CIF) - 2023

In September 2023, the average granite building stone import price amounted to $578 per ton, with an increase of 2.8% against the previous month. In general, the import price, however, saw a mild downturn. The most prominent rate of growth was recorded in October 2022 an increase of 32% month-to-month. As a result, import price attained the peak level of $924 per ton. From November 2022 to September 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was India ($833 per ton), while the price for Finland ($340 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Portugal (+43.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Granite Building Stone Price in Lithuania (FOB) - 2022

In 2022, the average granite building stone export price amounted to $1,928 per ton, with a decrease of -12% against the previous year. In general, the export price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2019 an increase of 57%. As a result, the export price reached the peak level of $2,969 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($5,978 per ton), while the average price for exports to Belarus ($801 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 Latvia (+1.6%), while the prices for the other major destinations experienced a decline.

Granite Building Stone Imports in Lithuania

Granite building stone imports into Lithuania surged to 21K tons in 2022, growing by 16% against the previous year. In general, imports, however, continue to indicate a abrupt downturn.

In value terms, granite building stone imports surged to $16M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +103.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 53% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Granite Building Stone to Lithuania in 2022:

1. India (8.7K tons)
2. China (5.5K tons)
3. Portugal (2.3K tons)
4. Ukraine (1.5K tons)
5. South Africa (0.8K tons)
6. Belgium (0.7K tons)
7. Poland (0.6K tons)

Granite Building Stone Exports in Lithuania

After two years of decline, shipments abroad of granite building stone increased by 29% to 868 tons in 2022. In general, exports, however, showed a relatively flat trend pattern.

In value terms, granite building stone exports rose significantly to $1.7M in 2022. Overall, exports, however, showed a abrupt slump.

Top Export Markets for Granite Building Stone from Lithuania in 2022:

1. Russia (229.5 tons)
2. Latvia (220.6 tons)
3. Estonia (170.7 tons)
4. Sweden (103.5 tons)
5. Belarus (95.0 tons)
6. Thailand (38.0 tons)

Source: IndexBox Market Intelligence Platform