Lithuania: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in Lithuania

The Lithuanian coniferous roundwood market stood at $X in 2022, rising by 4.1% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Coniferous Roundwood Production in Lithuania

In value terms, coniferous roundwood production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 26%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Coniferous Roundwood Exports

Exports from Lithuania

In 2022, approx. X cubic meters of roundwood (coniferous) were exported from Lithuania; dropping by -32.8% against the previous year's figure. Overall, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2013 with an increase of 44%. As a result, the exports reached the peak of X cubic meters. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, coniferous roundwood exports contracted significantly to $X in 2022. Over the period under review, exports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by 73%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Latvia (X cubic meters), Poland (X cubic meters) and Finland (X cubic meters) were the main destinations of coniferous roundwood exports from Lithuania, with a combined 91% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of -1.0%), while shipments for the other leaders experienced a decline.

In value terms, Latvia ($X), Poland ($X) and Finland ($X) constituted the largest markets for coniferous roundwood exported from Lithuania worldwide, together comprising 91% of total exports.

Poland, with a CAGR of +6.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average coniferous roundwood export price amounted to $X per cubic meter, increasing by 14% against the previous year. Overall, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coniferous roundwood export price increased by +62.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 43%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per cubic meter), while the average price for exports to Finland ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Coniferous Roundwood Imports

Imports into Lithuania

In 2022, after three years of growth, there was significant decline in purchases abroad of roundwood (coniferous), when their volume decreased by -11% to X cubic meters. Overall, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 157%. Over the period under review, imports attained the peak figure at X cubic meters in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, coniferous roundwood imports rose slightly to $X in 2022. In general, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 126% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Poland (X cubic meters) was the main coniferous roundwood supplier to Lithuania, accounting for a 99% share of total imports. It was followed by Latvia (X cubic meters), with a 0.9% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Poland amounted to +22.9%.

In value terms, Poland ($X) constituted the largest supplier of roundwood (coniferous) to Lithuania, comprising 95% of total imports. The second position in the ranking was taken by Latvia ($X), with a 1.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland stood at +19.4%.

Import Prices by Country

The average coniferous roundwood import price stood at $X per cubic meter in 2022, growing by 18% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coniferous roundwood import price increased by +72.6% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 47% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Latvia ($X per cubic meter), while the price for Poland amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+9.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform