Lithuania: Sawnwood Market 2024

Sawnwood Market Size in Lithuania

In 2022, the Lithuanian sawnwood market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sawnwood Production in Lithuania

In value terms, sawnwood production declined to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Sawnwood Exports

Exports from Lithuania

In 2022, shipments abroad of sawnwood decreased by X% to X cubic meters for the first time since 2011, thus ending a ten-year rising trend. In general, total exports indicated a prominent expansion 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. Based on 2022 figures, exports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X cubic meters in 2021, and then reduced in the following year.

In value terms, sawnwood exports shrank modestly to $X in 2022. Over the period under review, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then declined modestly in the following year.

Exports by Country

Germany (X cubic meters) was the main destination for sawnwood exports from Lithuania, accounting for a X% share of total exports. Moreover, sawnwood exports to Germany exceeded the volume sent to the second major destination, Australia (X cubic meters), twofold. France (X cubic meters) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and France (X% per year).

In value terms, the largest markets for sawnwood exported from Lithuania were Australia ($X), Germany ($X) and France ($X), together accounting for X% of total exports. Spain, South Korea, the UK, Latvia, Poland, Italy, Estonia, Saudi Arabia, the Netherlands and Belgium lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Spain, with a CAGR of X%, 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

The average sawnwood export price stood at $X per cubic meter in 2022, with an increase of X% against the previous year. Over the period under review, export price indicated a notable expansion 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, sawnwood export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per cubic meter), while the average price for exports to Belgium ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood Imports

Imports into Lithuania

In 2022, purchases abroad of sawnwood decreased by X% to X cubic meters for the first time since 2011, thus ending a ten-year rising trend. In general, imports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at X cubic meters in 2021, and then declined significantly in the following year.

In value terms, sawnwood imports dropped markedly to $X in 2022. Over the period under review, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then contracted markedly in the following year.

Imports by Country

Belarus (X cubic meters), Poland (X cubic meters) and Latvia (X cubic meters) were the main suppliers of sawnwood imports to Lithuania, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

Estonia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 sawnwood import price amounted to $X per cubic meter, reducing by X% against the previous year. In general, the import price showed a perceptible contraction. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2013; however, from 2014 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 Estonia ($X per cubic meter), while the price for Poland ($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 Estonia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform