Lithuania: Quicklime Market 2024

Quicklime Market Size in Lithuania

In 2022, the Lithuanian quicklime market increased by 21% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 +68.9% against 2020 indices. Quicklime consumption peaked in 2022 and is expected to retain growth in the immediate term.

Quicklime Production in Lithuania

In value terms, quicklime production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 16% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Quicklime Exports

Exports from Lithuania

In 2022, overseas shipments of quicklime increased by 2,446% to X tons, rising for the second consecutive year after four years of decline. Overall, exports continue to indicate a remarkable increase. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, quicklime exports surged to $X in 2022. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Estonia (X tons) was the main destination for quicklime exports from Lithuania, accounting for a 100% share of total exports. It was followed by Latvia (X tons), with a 0.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia totaled +115.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (-10.2% per year) and Russia (-50.7% per year).

In value terms, Estonia ($X) emerged as the key foreign market for quicklime exports from Lithuania, comprising 100% of total exports. The second position in the ranking was held by Latvia ($X), with a 0.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Estonia totaled +104.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (-8.5% per year) and Russia (-45.2% per year).

Export Prices by Country

The average quicklime export price stood at $X per ton in 2022, with an increase of 39% against the previous year. Over the period under review, the export price showed prominent growth. The growth pace was the most rapid in 2020 an increase of 73%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Latvia ($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 Russia (+11.2%), while the prices for the other major destinations experienced mixed trend patterns.

Quicklime Imports

Imports into Lithuania

In 2022, purchases abroad of quicklime increased by 26% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports saw strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 74%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, quicklime imports surged to $X in 2022. In general, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 77%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Poland (X tons) constituted the largest quicklime supplier to Lithuania, with a 84% share of total imports. Moreover, quicklime imports from Poland exceeded the figures recorded by the second-largest supplier, Belarus (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland stood at +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+3.9% per year) and Latvia (+62.2% per year).

In value terms, Poland ($X) constituted the largest supplier of quicklime to Lithuania, comprising 79% of total imports. The second position in the ranking was taken by Latvia ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Poland stood at +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+51.9% per year) and Belarus (+2.1% per year).

Import Prices by Country

In 2022, the average quicklime import price amounted to $X per ton, growing by 3% against the previous year. Overall, the import price, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2016 when the average import price increased by 16%. The import price peaked at $X per ton in 2012; however, from 2013 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 Latvia ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform