Price for Wood; Posts and Beams in Lithuania - 2022

Contents:

1. Price for Wood; Posts and Beams in Lithuania (CIF) - 2022
2. Price for Wood; Posts and Beams in Lithuania (FOB) - 2022
3. Imports of Wood; Posts and Beams in Lithuania
4. Exports of Wood; Posts and Beams in Lithuania

Price for Wood; Posts and Beams in Lithuania (CIF) - 2022

In December 2021, the average wood; posts and beams import price amounted to $1,465 per ton, waning by -18.5% against the previous month. In general, the import price saw a abrupt curtailment. The pace of growth appeared the most rapid in March 2021 when the average import price increased by 38% month-to-month. Over the period under review, average import prices reached the peak figure at $2,586 per ton in January 2021; however, from February 2021 to December 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Latvia ($3,342 per ton), while the price for Belarus ($788 per ton) was amongst the lowest.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Estonia (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Wood; Posts and Beams in Lithuania (FOB) - 2022

In December 2021, the average wood; posts and beams export price amounted to $1,957 per ton, picking up by 23% against the previous month. In general, the export price, however, recorded a deep contraction. The growth pace was the most rapid in October 2021 when the average export price increased by 78% m-o-m. The export price peaked at $10,353 per ton in January 2021; however, from February 2021 to December 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In December 2021, the country with the highest price was Denmark ($8,084 per ton), while the average price for exports to Sweden ($1,448 per ton) was amongst the lowest.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+0.5%), while the prices for the other major destinations experienced a decline.

Imports of Wood; Posts and Beams in Lithuania

Wood; posts and beams imports into Lithuania rose modestly to 1.1K tons in 2022, surging by 3% compared with the previous year's figure. The total import volume increased at an average annual rate of +7.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year. As a result, imports attained the peak of 1.2K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wood; posts and beams imports fell to $1.6M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.9% 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 +51.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 32%. As a result, imports reached the peak of $1.8M, and then reduced in the following year.

Top Suppliers of Wood; Posts and Beams to Lithuania in 2022:

1. Poland (821.2 tons)
2. Russia (123.3 tons)
3. Belarus (92.8 tons)
4. Estonia (74.0 tons)

Exports of Wood; Posts and Beams in Lithuania

For the fourth consecutive year, Lithuania recorded growth in shipments abroad of wood; posts and beamses, which increased by 7.1% to 666 tons in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +25.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +97.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 58%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, wood; posts and beams exports declined to $1.2M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 35% against the previous year.

Top Export Markets for Wood; Posts and Beams from Lithuania in 2022:

1. Sweden (343.0 tons)
2. United Kingdom (112.9 tons)
3. Russia (81.0 tons)
4. France (45.2 tons)
5. Denmark (31.2 tons)
6. Norway (26.5 tons)

Source: IndexBox Market Intelligence Platform