Lithuania: Sawnwood (Coniferous) Market 2024

Sawnwood (Coniferous) Market Size in Lithuania

The Lithuanian sawnwood (coniferous) market contracted remarkably to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, recorded resilient growth. Sawnwood (coniferous) consumption peaked at $X in 2021, and then dropped rapidly in the following year.

Sawnwood (Coniferous) Production in Lithuania

In value terms, sawnwood (coniferous) production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Sawnwood (Coniferous) Exports

Exports from Lithuania

In 2022, overseas shipments of sawnwood (coniferous) decreased by X% to X cubic meters, falling for the second consecutive year after nine years of growth. In general, exports, however, posted a prominent increase. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X cubic meters in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, sawnwood (coniferous) exports contracted to $X in 2022. Over the period under review, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then contracted modestly in the following year.

Exports by Country

Germany (X cubic meters), Australia (X cubic meters) and France (X cubic meters) were the main destinations of sawnwood (coniferous) exports from Lithuania, together comprising X% of total exports. Spain, South Korea, Saudi Arabia, the UK, Latvia, Poland, Italy, the Netherlands, Denmark and Estonia lagged somewhat behind, together comprising a further X%.

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

In value terms, Australia ($X) emerged as the key foreign market for sawnwood (coniferous) exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Australia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average sawnwood (coniferous) export price amounted to $X per cubic meter, rising by X% against the previous year. In general, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per cubic meter), while the average price for exports to Latvia ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Coniferous) Imports

Imports into Lithuania

In 2022, after ten years of growth, there was significant decline in supplies from abroad of sawnwood (coniferous), when their volume decreased by X% to X cubic meters. Overall, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X cubic meters in 2021, and then reduced markedly in the following year.

In value terms, sawnwood (coniferous) imports plummeted to $X in 2022. Over the period under review, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2022, Belarus (X cubic meters) constituted the largest sawnwood (coniferous) supplier to Lithuania, with a X% share of total imports. Moreover, sawnwood (coniferous) imports from Belarus exceeded the figures recorded by the second-largest supplier, Latvia (X cubic meters), twofold. Russia (X cubic meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Belarus stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (X% per year) and Russia (X% per year).

In value terms, the largest sawnwood (coniferous) suppliers to Lithuania were Belarus ($X), Russia ($X) and Latvia ($X), together accounting for X% of total imports. Estonia, Sweden, Finland, Ukraine and Poland lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Ukraine, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sawnwood (coniferous) import price stood at $X per cubic meter in 2022, growing by X% against the previous year. Over the period under review, the import price recorded notable growth. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($X per cubic meter), while the price for Poland ($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 Ukraine (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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