Lithuania: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in Lithuania

In 2022, the Lithuanian wood-based panels market increased by X% to $X, rising for the sixth consecutive year after two years of decline. Overall, consumption, however, saw a strong increase. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Wood-Based Panels Production in Lithuania

In value terms, wood-based panels production skyrocketed to $X in 2022 estimated in export price. In general, production, however, posted a perceptible expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Wood-Based Panels Exports

Exports from Lithuania

In 2022, shipments abroad of wood-based panels decreased by X% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a slight setback. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at X cubic meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood-based panels exports surged to $X in 2022. Over the period under review, total exports indicated a notable expansion 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 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Poland (X cubic meters), Latvia (X cubic meters) and Germany (X cubic meters) were the main destinations of wood-based panels exports from Lithuania, together comprising X% of total exports. Estonia, Sweden, Denmark, the Netherlands, Russia and Uzbekistan lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for wood-based panels exported from Lithuania were Poland ($X), Latvia ($X) and Germany ($X), with a combined X% share of total exports. Denmark, Estonia, Sweden, Russia, the Netherlands and Uzbekistan lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Denmark, with a CAGR of X%, saw the highest rates of growth with regard to 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 wood-based panels export price stood at $X per cubic meter in 2022, growing by X% against the previous year. In general, export price indicated a buoyant expansion 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, wood-based panels export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Wood-Based Panels Imports

Imports into Lithuania

After three years of growth, overseas purchases of wood-based panels decreased by X% to X cubic meters in 2022. Overall, total imports indicated a prominent increase 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. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked at X cubic meters in 2021, and then contracted in the following year.

In value terms, wood-based panels imports rose remarkably to $X in 2022. In general, imports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Poland (X cubic meters), Latvia (X cubic meters) and Belarus (X cubic meters) were the main suppliers of wood-based panels imports 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, Poland ($X) constituted the largest supplier of wood-based panels to Lithuania, comprising X% of total imports. The second position in the ranking was taken by Latvia ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

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

Import Prices by Country

In 2022, the average wood-based panels import price amounted to $X per cubic meter, growing by X% against the previous year. In general, import price indicated perceptible 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, wood-based panels import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($X per cubic meter), while the price for Belarus ($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 Romania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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