Lithuania: Plaster Market 2024

Plaster Market Size in Lithuania

For the eleventh year in a row, the Lithuanian plaster market recorded growth in sales value, which increased by 2.7% to $X in 2022. Over the period under review, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +86.8% against 2012 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Plaster Exports

Exports from Lithuania

Plaster exports from Lithuania skyrocketed to X tons in 2022, increasing by 263% on 2021 figures. Over the period under review, exports saw strong growth. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, plaster exports skyrocketed to $X in 2022. In general, exports showed a pronounced increase. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Latvia (X tons) was the main destination for plaster exports from Lithuania, accounting for a 80% share of total exports. Moreover, plaster exports to Latvia exceeded the volume sent to the second major destination, Estonia (X tons), more than tenfold. The third position in this ranking was held by Kazakhstan (X tons), with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume to Latvia totaled +20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+49.2% per year) and Kazakhstan (+14.1% per year).

In value terms, Latvia ($X) remains the key foreign market for plaster exports from Lithuania, comprising 55% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with an 18% share of total exports. It was followed by Russia, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Latvia amounted to +17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+12.9% per year) and Russia (-17.4% per year).

Export Prices by Country

The average plaster export price stood at $X per ton in 2022, which is down by -7% against the previous year. Over the period under review, the export price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 70%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Kazakhstan ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Plaster Imports

Imports into Lithuania

In 2022, after three years of growth, there was decline in overseas purchases of plaster, when their volume decreased by -2.3% to X tons. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +7.0% 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 +97.2% against 2012 indices. The most prominent rate of growth was recorded in 2014 with an increase of 31% against the previous year. Imports peaked at X tons in 2021, and then reduced slightly in the following year.

In value terms, plaster imports totaled $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +45.9% against 2014 indices. The pace of growth was the most pronounced in 2014 with an increase of 21%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Latvia (X tons) constituted the largest plaster supplier to Lithuania, with a 73% share of total imports. Moreover, plaster imports from Latvia exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The third position in this ranking was held by Estonia (X tons), with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume from Latvia stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+33.1% per year) and Estonia (+80.0% per year).

In value terms, Latvia ($X) constituted the largest supplier of plaster to Lithuania, comprising 80% of total imports. The second position in the ranking was taken by Poland ($X), with a 14% share of total imports. It was followed by Germany, with a 1.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Latvia stood at +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+22.8% per year) and Germany (-21.6% per year).

Import Prices by Country

In 2022, the average plaster import price amounted to $X per ton, increasing by 6.9% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 15% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform