Lithuania: Market for Limestone Flux, Limestone And Calcareous Stone 2024

Market Size for Limestone Flux, Limestone And Calcareous Stone in Lithuania

In 2022, after five years of growth, there was decline in the Lithuanian limestone flux and limestone market, when its value decreased by -1.8% to $X. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +60.1% against 2016 indices. As a result, consumption reached the peak level of $X, and then dropped modestly in the following year.

Production of Limestone Flux, Limestone And Calcareous Stone in Lithuania

In value terms, limestone flux and limestone production declined to $X in 2022 estimated in export price. In general, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +63.0% against 2016 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 18% against the previous year. Limestone flux and limestone production peaked at $X in 2021, and then fell modestly in the following year.

Exports of Limestone Flux, Limestone And Calcareous Stone

Exports from Lithuania

In 2022, approx. X tons of limestone flux, limestone and calcareous stone were exported from Lithuania; jumping by 365% on 2021 figures. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 23,404% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, limestone flux and limestone exports soared to $X in 2022. Overall, exports saw a moderate increase. The growth pace was the most rapid in 2017 when exports increased by 7,077% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Latvia (X tons) was the main destination for limestone flux and limestone exports from Lithuania, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Latvia stood at +52.0%.

In value terms, Latvia ($X) also remains the key foreign market for limestone flux, limestone and calcareous stone exports from Lithuania.

From 2012 to 2022, the average annual growth rate of value to Latvia stood at +24.2%.

Export Prices by Country

In 2022, the average limestone flux and limestone export price amounted to $X per ton, falling by -12.8% against the previous year. Over the period under review, the export price continues to indicate a precipitous decrease. The pace of growth was the most pronounced in 2016 when the average export price increased by 75%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Latvia.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to +1,823.2% per year.

Imports of Limestone Flux, Limestone And Calcareous Stone

Imports into Lithuania

In 2022, the amount of limestone flux, limestone and calcareous stone imported into Lithuania shrank rapidly to X tons, waning by -30.7% on 2021 figures. Over the period under review, imports saw a mild decline. The pace of growth appeared the most rapid in 2017 when imports increased by 58% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, limestone flux and limestone imports shrank significantly to $X in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 70%. Over the period under review, imports hit record highs at $X in 2021, and then reduced markedly in the following year.

Imports by Country

Estonia (X tons), Poland (X tons) and Sweden (X tons) were the main suppliers of limestone flux and limestone imports to Lithuania, with a combined 86% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of +11.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X) constituted the largest supplier of limestone flux, limestone and calcareous stone to Lithuania, comprising 57% of total imports. The second position in the ranking was taken by Latvia ($X), with a 20% share of total imports. It was followed by Poland, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Estonia totaled +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+6.6% per year) and Poland (-7.5% per year).

Import Prices by Country

The average limestone flux and limestone import price stood at $X per ton in 2022, picking up by 17% against the previous year. Overall, the import price continues to indicate a modest expansion. The pace of growth was the most pronounced in 2016 an increase of 30% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($X per ton), while the price for Sweden ($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 (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform