Lithuania: Solid Biofuel Market 2025

Solid Biofuel Market Size in Lithuania

After two years of decline, the Lithuanian solid biofuel market increased by X% to $X in 2022. In general, consumption, however, showed a strong expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Solid Biofuel Production in Lithuania

In value terms, solid biofuel production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Solid biofuel production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Solid Biofuel Exports

Exports from Lithuania

After five years of growth, shipments abroad of solid biofuels decreased by X% to X tons in 2022. In general, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, solid biofuel exports skyrocketed to $X in 2022. Over the period under review, exports, however, posted prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Latvia (X tons), Italy (X tons) and Belgium (X tons) were the main destinations of solid biofuel exports from Lithuania, together comprising X% of total exports. Poland, Denmark, Austria, Germany, Finland, the Netherlands, France, Slovakia and Estonia lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for solid biofuel exported from Lithuania were Italy ($X), Latvia ($X) and Belgium ($X), together comprising X% of total exports. Poland, Denmark, France, Germany, Austria, Finland, the Netherlands, Slovakia and Estonia lagged somewhat behind, together comprising a further X%.

Finland, with a CAGR of X%, recorded the highest growth rate of 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 solid biofuel export price amounted to $X per ton, increasing by X% against the previous year. Overall, export price indicated a temperate increase 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. As a result, the export price attained the peak level and is likely to continue 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 France ($X per ton), while the average price for exports to Slovakia ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Solid Biofuel Imports

Imports into Lithuania

In 2022, purchases abroad of solid biofuels decreased by X% to X tons, falling for the second consecutive year after nine years of growth. In general, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, solid biofuel imports surged to $X in 2022. Overall, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Belarus (X tons), Russia (X tons) and Ukraine (X tons) were the main suppliers of solid biofuel imports to Lithuania, together comprising X% of total imports. Kyrgyzstan, Latvia, Kazakhstan and Poland lagged somewhat behind, together comprising a further X%.

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, Russia ($X), Belarus ($X) and Ukraine ($X) constituted the largest solid biofuel suppliers to Lithuania, together accounting for X% of total imports.

Among the main suppliers, Russia, with a CAGR of X%, 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

In 2022, the average solid biofuel import price amounted to $X per ton, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform