Lithuania: Sawnwood (Coniferous) Market 2024

Sawnwood (Coniferous) Market Size in Lithuania

The Lithuanian sawnwood (coniferous) market shrank markedly to $X in 2022, falling by -15.3% against the previous year. In general, consumption, however, continues to indicate pronounced growth. As a result, consumption attained the peak level of $X, and then reduced rapidly in the following year.

Sawnwood (Coniferous) Production in Lithuania

In value terms, sawnwood (coniferous) production reduced to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 39% against the previous year. As a result, production attained the peak level of $X, and then fell in the following year.

Sawnwood (Coniferous) Exports

Exports from Lithuania

In 2022, shipments abroad of sawnwood (coniferous) increased by 473% to X cubic meters, rising for the second consecutive year after two years of decline. In general, exports saw a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sawnwood (coniferous) exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X cubic meters), Germany (X cubic meters) and France (X cubic meters) were the main destinations of sawnwood (coniferous) exports from Lithuania, together comprising 36% of total exports. Spain, South Korea, Latvia, Saudi Arabia, Italy, the UK, the Netherlands, Denmark, Poland and Estonia lagged somewhat behind, together comprising a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +73.5%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) emerged as the key foreign market for sawnwood (coniferous) exports from Lithuania, comprising 23% of total exports. The second position in the ranking was held by France ($X), with a 10% share of total exports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Australia totaled +33.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+12.2% per year) and Germany (+13.5% per year).

Export Prices by Country

The average sawnwood (coniferous) export price stood at $X per cubic meter in 2022, picking up by 3.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2021 when the average export price increased by 42%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per cubic meter), while the average price for exports to Latvia ($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 (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Coniferous) Imports

Imports into Lithuania

In 2022, overseas purchases of sawnwood (coniferous) increased by 1,396% to X cubic meters, rising for the fourth consecutive year after two years of decline. Over the period under review, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sawnwood (coniferous) imports soared to $X in 2022. In general, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Belarus (X cubic meters) constituted the largest sawnwood (coniferous) supplier to Lithuania, accounting for a 43% share of total imports. Moreover, sawnwood (coniferous) imports from Belarus exceeded the figures recorded by the second-largest supplier, Russia (X cubic meters), threefold. The third position in this ranking was held by Latvia (X cubic meters), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belarus totaled +49.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+39.5% per year) and Latvia (+37.6% per year).

In value terms, the largest sawnwood (coniferous) suppliers to Lithuania were Belarus ($X), Russia ($X) and Latvia ($X), with a combined 64% share of total imports. Estonia, Sweden, Finland and Ukraine lagged somewhat behind, together comprising a further 32%.

Ukraine, with a CAGR of +76.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sawnwood (coniferous) import price stood at $X per cubic meter in 2022, surging by 12% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sawnwood (coniferous) import price increased by +64.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 46%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per cubic meter), while the price for Belarus ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform