Lithuania: Fibreboard Market 2024

Fibreboard Market Size in Lithuania

For the fifth consecutive year, the Lithuanian fibreboard market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, continues to indicate a buoyant expansion. Fibreboard consumption peaked in 2022 and is expected to retain growth in the immediate term.

Fibreboard Production in Lithuania

In value terms, fibreboard production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Fibreboard Exports

Exports from Lithuania

Fibreboard exports from Lithuania fell notably to X cubic meters in 2022, reducing by X% against the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports hit record highs at X cubic meters in 2021, and then declined significantly in the following year.

In value terms, fibreboard exports fell modestly to $X in 2022. Over the period under review, total exports indicated a tangible increase 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 pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then declined slightly in the following year.

Exports by Country

Poland (X cubic meters) was the main destination for fibreboard exports from Lithuania, with a X% share of total exports. Moreover, fibreboard exports to Poland exceeded the volume sent to the second major destination, Latvia (X cubic meters), threefold. The third position in this ranking was taken by Sweden (X cubic meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume 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 Sweden (X% per year).

In value terms, Poland ($X) remains the key foreign market for fibreboard exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Latvia ($X), with a X% share of total exports. It was followed by Sweden, with an X% share.

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 Sweden (X% per year).

Export Prices by Country

The average fibreboard export price stood at $X per cubic meter in 2022, jumping by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per cubic meter in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

Fibreboard Imports

Imports into Lithuania

In 2022, approx. X cubic meters of fibreboard were imported into Lithuania; which is down by X% compared with the previous year's figure. Over the period under review, total imports indicated buoyant 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 2013 indices. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X cubic meters, and then shrank in the following year.

In value terms, fibreboard imports rose markedly to $X in 2022. In general, imports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Poland (X cubic meters) constituted the largest fibreboard supplier to Lithuania, accounting for a X% share of total imports. Moreover, fibreboard imports from Poland exceeded the figures recorded by the second-largest supplier, Belarus (X cubic meters), fivefold. The third position in this ranking was taken by Germany (X cubic meters), with a X% share.

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

In value terms, Poland ($X) constituted the largest supplier of fibreboard to Lithuania, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Belarus, with an X% share.

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

Import Prices by Country

The average fibreboard import price stood at $X per cubic meter in 2022, rising by X% against the previous year. In general, import price indicated a moderate increase 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, fibreboard import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. 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 Latvia ($X per cubic meter), while the price for Belarus ($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 Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform