Lithuania - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWood Pellets Price in Lithuania - 2023
Contents:
- Wood Pellets Price in Lithuania (FOB) - 2023
- Wood Pellets Price in Lithuania (CIF) - 2023
- Wood Pellets Exports in Lithuania
- Wood Pellets Imports in Lithuania
Wood Pellets Price in Lithuania (FOB) - 2023
In October 2023, the average wood pellets export price amounted to $298 per ton, stabilizing at the previous month. Overall, the export price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in April 2023 an increase of 9.4% month-to-month. The export price peaked at $439 per ton in October 2022; however, from November 2022 to October 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Denmark ($384 per ton), while the average price for exports to Latvia ($231 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Greece (-0.1%), while the prices for the other major destinations experienced a decline.
Wood Pellets Price in Lithuania (CIF) - 2023
The average wood pellets import price stood at $321 per ton in October 2023, with an increase of 10% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 26% m-o-m. Over the period under review, average import prices attained the maximum at $354 per ton in December 2022; however, from January 2023 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Latvia ($1,344 per ton), while the price for Azerbaijan ($207 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Latvia (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Wood Pellets Exports in Lithuania
In 2022, overseas shipments of wood pellets decreased by -6.4% to 579K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a slight curtailment. The pace of growth was the most pronounced in 2020 with an increase of 2.1% against the previous year.
In value terms, wood pellets exports soared to $166M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Wood Pellets in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 51.6 | 52.1 | 55.5 | 53.9 | 1.5% |
| Latvia | 15.1 | 16.7 | 21.7 | 42.1 | 40.7% |
| Belgium | 4.1 | 5.1 | 3.8 | 15.7 | 56.4% |
| Poland | 0.1 | 0.6 | 0.9 | 12.6 | 401.3% |
| Denmark | 17.9 | 10.9 | 4.6 | 6.7 | -27.9% |
| France | 3.4 | 4.4 | 2.2 | 5.9 | 20.2% |
| Germany | 1.9 | 0.5 | 2.1 | 5.5 | 42.5% |
| Austria | 3.6 | 3.3 | 2.9 | 5.3 | 13.8% |
| Finland | N/A | N/A | N/A | 4.6 | 0% |
| Netherlands | 0.3 | 1.8 | 1.7 | 2.9 | 113.0% |
| Slovakia | 2.3 | 1.4 | 1.3 | 2.0 | -4.6% |
| Estonia | 9.8 | 10.2 | 11.0 | 1.8 | -43.2% |
| Others | 6.3 | 5.8 | 3.7 | 7.0 | 3.6% |
| Total | 116 | 113 | 111 | 166 | 12.7% |
Top Export Markets for Wood Pellets from Lithuania in 2022:
- Latvia (165.5K tons)
- Italy (152.8K tons)
- Belgium (78.6K tons)
- Poland (42.9K tons)
- Denmark (24.1K tons)
- Austria (15.5K tons)
- Finland (14.8K tons)
- Germany (14.8K tons)
- Netherlands (14.3K tons)
- France (14.2K tons)
- Slovakia (13.1K tons)
- Estonia (6.3K tons)
Wood Pellets Imports in Lithuania
In 2022, overseas purchases of wood pellets decreased by -16.8% to 168K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a deep setback. The pace of growth appeared the most rapid in 2020 when imports increased by 15% against the previous year. As a result, imports reached the peak of 277K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, wood pellets imports surged to $34M in 2022. Overall, imports recorded a relatively flat trend pattern.
| Import of Wood Pellets in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 10.7 | 10.3 | 8.5 | 11.6 | 2.7% |
| Belarus | 22.6 | 25.6 | 16.7 | 9.6 | -24.8% |
| Kyrgyzstan | N/A | N/A | N/A | 3.4 | 0% |
| Ukraine | 0.5 | 0.3 | 0.1 | 3.3 | 87.6% |
| Latvia | 0.2 | 0.1 | 0.2 | 2.7 | 138.1% |
| Kazakhstan | N/A | N/A | N/A | 1.6 | 0% |
| Poland | N/A | N/A | 0.1 | 1.2 | 1100.0% |
| Others | 0.8 | 0.8 | 0.2 | 1.0 | 7.7% |
| Total | 34.8 | 37.1 | 25.7 | 34.3 | -0.5% |
Top Suppliers of Wood Pellets to Lithuania in 2022:
- Belarus (64.9K tons)
- Russia (51.5K tons)
- Ukraine (22.4K tons)
- Kyrgyzstan (9.1K tons)
- Latvia (7.8K tons)
- Kazakhstan (6.5K tons)
- Poland (2.9K tons)
This report provides an in-depth analysis of the wood pellets market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1693 - Wood pellets
Country coverage:
- Lithuania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Lithuania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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