Lithuania: Market for Ready-Mixed Concrete And Factory Made Mortars 2024

Market Size for Ready-Mixed Concrete And Factory Made Mortars in Lithuania

The Lithuanian market for ready-mixed concrete and factory made mortars skyrocketed to $X in 2022, with an increase of X% against the previous year. In general, consumption, however, recorded a prominent expansion. Consumption of peaked in 2022 and is likely to continue growth in the near future.

Production of Ready-Mixed Concrete And Factory Made Mortars in Lithuania

In value terms, production of ready-mixed concrete and factory made mortars skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, posted a resilient increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Production of peaked in 2022 and is likely to see gradual growth in the near future.

Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports from Lithuania

Exports of ready-mixed concrete and factory made mortars from Lithuania skyrocketed to X tons in 2022, picking up by X% on 2021. Overall, total exports indicated a prominent increase 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. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports of hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of ready-mixed concrete and factory made mortars soared to $X in 2022. Over the period under review, total exports indicated a strong expansion 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. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Latvia (X tons) was the main destination for exports of ready-mixed concrete and factory made mortars from Lithuania, with a X% share of total exports. Moreover, exports of ready-mixed concrete and factory made mortars to Latvia exceeded the volume sent to the second major destination, Estonia (X tons), more than tenfold. Poland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Latvia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Poland (X% per year).

In value terms, Latvia ($X) remains the key foreign market for ready-mixed concrete and factory made mortars exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with an X% share of total exports. It was followed by Estonia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Latvia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Estonia (X% per year).

Export Prices by Country

In 2022, the average export price for ready-mixed concrete and factory made mortars amounted to $X per ton, rising by X% against the previous year. In general, export price indicated a mild 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, export price for ready-mixed concrete and factory made mortars increased by X% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Latvia ($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 (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports into Lithuania

In 2022, overseas purchases of ready-mixed concrete and factory made mortars decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports of reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of ready-mixed concrete and factory made mortars expanded to $X in 2022. Over the period under review, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

Estonia (X tons), Poland (X tons) and Latvia (X tons) were the main suppliers of imports of ready-mixed concrete and factory made mortars to Lithuania, with a combined X% share of total imports. Norway, Hungary, Germany, the Czech Republic, Belarus and Finland lagged somewhat behind, together accounting for a further X%.

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 X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ready-mixed concrete and factory made mortar suppliers to Lithuania were Estonia ($X), Poland ($X) and Norway ($X), with a combined X% share of total imports.

Among the main suppliers, Norway, with a CAGR of X%, 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

In 2022, the average import price for ready-mixed concrete and factory made mortars amounted to $X per ton, surging by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform