Lithuania: Market for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders 2024

Market Size for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders in Lithuania

The Lithuanian market for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders dropped to $X in 2022, waning by X% against the previous year. Overall, consumption, however, saw a strong increase. Consumption of peaked at $X in 2021, and then shrank in the following year.

Production of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders in Lithuania

In value terms, production of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders declined significantly to $X in 2022 estimated in export price. Overall, production recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Production of peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Exports from Lithuania

In 2022, shipments abroad of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders increased by X% to X square meters, rising for the second year in a row after two years of decline. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders surged to $X in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X square meters) was the main destination for exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders from Lithuania, with a X% share of total exports. Moreover, exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders to Poland exceeded the volume sent to the second major destination, Latvia (X square meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Poland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Belarus (X% per year).

In value terms, Poland ($X) emerged as the key foreign market for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Latvia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Poland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Belarus (X% per year).

Export Prices by Country

The average export price for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders stood at $X per thousand square meters in 2022, increasing by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price attained the peak level of $X per thousand square meters. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per thousand square meters), while the average price for exports to Latvia ($X per thousand square meters) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Imports into Lithuania

In 2022, approx. X square meters of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders were imported into Lithuania; growing by X% on the previous year's figure. Overall, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders soared to $X in 2022. In general, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2015 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Belarus (X square meters), Russia (X square meters) and the Czech Republic (X square meters) were the main suppliers of imports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders to Lithuania, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders suppliers to Lithuania were Russia ($X), Belarus ($X) and the Czech Republic ($X), with a combined X% share of total imports.

Belarus, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders amounted to $X per thousand square meters, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per thousand square meters), while the price for Poland ($X per thousand square meters) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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