Lithuania: Cellulose Fibrecement Sheet Market 2024

Cellulose Fibrecement Sheet Market Size in Lithuania

In 2022, the Lithuanian cellulose fibrecement sheet market was finally on the rise to reach $X after two years of decline. Overall, consumption recorded a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cellulose Fibrecement Sheet Production in Lithuania

In value terms, cellulose fibrecement sheet production declined modestly to $X in 2022 estimated in export price. In general, production saw a buoyant expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by 66%. Cellulose fibrecement sheet production peaked at $X in 2021, and then reduced modestly in the following year.

Cellulose Fibrecement Sheet Exports

Exports from Lithuania

In 2022, after two years of growth, there was significant decline in shipments abroad of sheets, panels and tiles of cellulose fibrecement, when their volume decreased by -20% to X tons. In general, exports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 76% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then fell significantly in the following year.

In value terms, cellulose fibrecement sheet exports declined to $X in 2022. Overall, exports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 87%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced in the following year.

Exports by Country

Estonia (X tons), Germany (X tons) and Latvia (X tons) were the main destinations of cellulose fibrecement sheet exports from Lithuania, with a combined 64% share of total exports. Belgium, Denmark, Kazakhstan, Russia and Hungary lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kazakhstan (with a CAGR of +220.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cellulose fibrecement sheet exported from Lithuania were Kazakhstan ($X), Germany ($X) and Estonia ($X), with a combined 58% share of total exports.

Kazakhstan, with a CAGR of +213.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cellulose fibrecement sheet export price amounted to $X per ton, picking up by 13% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2022: its price 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, cellulose fibrecement sheet export price increased by +33.4% against 2019 indices. The growth pace was the most rapid in 2017 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Estonia ($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 Hungary (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Cellulose Fibrecement Sheet Imports

Imports into Lithuania

After two years of growth, supplies from abroad of sheets, panels and tiles of cellulose fibrecement decreased by -2.3% to X tons in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.0% 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 +62.5% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 35%. Over the period under review, imports reached the peak figure at X tons in 2021, and then fell slightly in the following year.

In value terms, cellulose fibrecement sheet imports declined slightly to $X in 2022. Overall, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 60% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then declined in the following year.

Imports by Country

Austria (X tons), Poland (X tons) and Belgium (X tons) were the main suppliers of cellulose fibrecement sheet imports to Lithuania, together comprising 61% of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +80.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) constituted the largest supplier of sheets, panels and tiles of cellulose fibrecement to Lithuania, comprising 37% of total imports. The second position in the ranking was held by Belgium ($X), with a 14% share of total imports. It was followed by Finland, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Austria totaled +89.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+6.8% per year) and Finland (+15.9% per year).

Import Prices by Country

The average cellulose fibrecement sheet import price stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cellulose fibrecement sheet import price increased by +86.1% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 24% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform