Lithuania: Roundwood Market 2024

Roundwood Market Size in Lithuania

The Lithuanian roundwood market declined slightly to $X in 2022, remaining relatively unchanged against the previous year. In general, consumption, however, continues to indicate a slight shrinkage. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Roundwood Production in Lithuania

In value terms, roundwood production dropped slightly to $X in 2022 estimated in export price. In general, production continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2017 with an increase of X%. Roundwood production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Roundwood Exports

Exports from Lithuania

In 2022, exports of roundwood from Lithuania reduced to X cubic meters, shrinking by X% compared with 2021 figures. Over the period under review, exports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports reached the peak of X cubic meters. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, roundwood exports surged to $X in 2022. In general, total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Latvia (X cubic meters), Poland (X cubic meters) and Sweden (X cubic meters) were the main destinations of roundwood exports from Lithuania, with a combined X% share of total exports. The UK, Germany, Finland, Denmark and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for roundwood exported from Lithuania were Latvia ($X), Poland ($X) and the UK ($X), with a combined X% share of total exports.

Among the main countries of destination, the UK, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average roundwood export price stood at $X per cubic meter in 2022, with an increase of X% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, roundwood export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per cubic meter), while the average price for exports to Finland ($X per cubic meter) was amongst the lowest.

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

Roundwood Imports

Imports into Lithuania

In 2022, after three years of growth, there was significant decline in overseas purchases of roundwood, when their volume decreased by X% to X cubic meters. In general, total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X cubic meters. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, roundwood imports rose remarkably to $X in 2022. Overall, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Poland (X cubic meters), Latvia (X cubic meters) and Belarus (X cubic meters) were the main suppliers of roundwood imports to Lithuania, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest roundwood suppliers to Lithuania were Poland ($X), Latvia ($X) and Belarus ($X), with a combined X% share of total imports.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average roundwood import price stood at $X per cubic meter in 2022, rising by X% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, roundwood import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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