Lithuania: Sawnwood (Non-Coniferous) Market 2024

Sawnwood (Non-Coniferous) Market Size in Lithuania

After three years of decline, the Lithuanian sawnwood (non-coniferous) market increased by 29% to $X in 2022. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Sawnwood (Non-Coniferous) Production in Lithuania

In value terms, sawnwood (non-coniferous) production reduced to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 28%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Sawnwood (Non-Coniferous) Exports

Exports from Lithuania

Sawnwood (non-coniferous) exports from Lithuania shrank to X cubic meters in 2022, stabilizing at 2021 figures. Overall, total exports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.5% 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 +40.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 41%. As a result, the exports reached the peak of X cubic meters, leveling off in the following year.

In value terms, sawnwood (non-coniferous) exports rose significantly to $X in 2022. In general, exports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 90% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X cubic meters) was the main destination for sawnwood (non-coniferous) exports from Lithuania, with a 35% share of total exports. Moreover, sawnwood (non-coniferous) exports to Germany exceeded the volume sent to the second major destination, Belgium (X cubic meters), fourfold. The third position in this ranking was held by Italy (X cubic meters), with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+0.7% per year) and Italy (+21.2% per year).

In value terms, Germany ($X) remains the key foreign market for sawnwood (non-coniferous) exports from Lithuania, comprising 30% of total exports. The second position in the ranking was held by Estonia ($X), with a 9.8% share of total exports. It was followed by Belgium, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+9.9% per year) and Belgium (+6.6% per year).

Export Prices by Country

The average sawnwood (non-coniferous) export price stood at $X per cubic meter in 2022, rising by 6.3% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sawnwood (non-coniferous) export price increased by +42.4% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 34%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per cubic meter), while the average price for exports to Italy ($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 Denmark (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Non-Coniferous) Imports

Imports into Lithuania

Sawnwood (non-coniferous) imports into Lithuania fell to X cubic meters in 2022, with a decrease of -6.9% on 2021. Overall, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +11.9% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 24% against the previous year. Imports peaked at X cubic meters in 2021, and then fell in the following year.

In value terms, sawnwood (non-coniferous) imports surged to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 43% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

Poland (X cubic meters), Ukraine (X cubic meters) and Latvia (X cubic meters) were the main suppliers of sawnwood (non-coniferous) imports to Lithuania, together comprising 68% of total imports. Belarus, Russia, Croatia and Sweden lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of +21.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Ukraine ($X) and Belarus ($X) were the largest sawnwood (non-coniferous) suppliers to Lithuania, with a combined 68% share of total imports. Croatia, Latvia, Russia and Sweden lagged somewhat behind, together comprising a further 18%.

In terms of the main suppliers, Croatia, with a CAGR of +28.6%, 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

The average sawnwood (non-coniferous) import price stood at $X per cubic meter in 2022, jumping by 33% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Croatia ($X per cubic meter), while the price for Latvia ($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 Ukraine (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform