Lithuania: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Lithuania

In 2022, the Lithuanian prepared additives for cements market increased by 8% to $X, rising for the second consecutive year after two years of decline. In general, consumption recorded a remarkable increase. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the near future.

Production of Prepared Additives For Cements, Mortars Or Concretes in Lithuania

In value terms, prepared additives for cements production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate slight growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 196%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Lithuania

In 2022, prepared additives for cements exports from Lithuania fell markedly to X tons, with a decrease of -24.3% against the previous year. In general, exports saw a perceptible decline. The most prominent rate of growth was recorded in 2018 with an increase of 66%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, prepared additives for cements exports fell to $X in 2022. Overall, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2013 with an increase of 13%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Latvia (X tons) was the main destination for prepared additives for cements exports from Lithuania, accounting for a 54% share of total exports. Moreover, prepared additives for cements exports to Latvia exceeded the volume sent to the second major destination, Russia (X tons), twofold. Kazakhstan (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Latvia amounted to +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-13.2% per year) and Kazakhstan (+3.2% per year).

In value terms, Russia ($X), Kazakhstan ($X) and Latvia ($X) constituted the largest markets for prepared additives for cements exported from Lithuania worldwide, together accounting for 72% of total exports. Belarus, Uzbekistan and Estonia lagged somewhat behind, together comprising a further 19%.

Among the main countries of destination, Uzbekistan, with a CAGR of +13.8%, recorded the highest growth rate of 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

In 2022, the average prepared additives for cements export price amounted to $X per ton, increasing by 13% against the previous year. Over the period under review, the export price, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2017 an increase of 71%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Latvia ($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 Belarus (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Lithuania

In 2022, approx. X tons of prepared additives for cements, mortars or concretes were imported into Lithuania; with an increase of 1.6% against 2021 figures. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +3.4% 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 +31.6% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 30%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, prepared additives for cements imports rose to $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 +46.3% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 52% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Poland (X tons), Latvia (X tons) and Estonia (X tons) were the main suppliers of prepared additives for cements imports to Lithuania, together comprising 84% of total imports. Norway, Germany and Italy lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +185.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Latvia ($X) and Estonia ($X) were the largest prepared additives for cements suppliers to Lithuania, with a combined 79% share of total imports. Germany, Norway and Italy lagged somewhat behind, together accounting for a further 14%.

Among the main suppliers, Norway, with a CAGR of +153.7%, saw the highest rates of growth with regard to 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 prepared additives for cements import price stood at $X per ton in 2022, rising by 1.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 25% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 Germany ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform