Lithuania: Veneer Sheets Market 2025

Veneer Sheets Market Size in Lithuania

In 2022, the Lithuanian veneer sheets market increased by 23% to $X, rising for the fifth consecutive year after two years of decline. In general, consumption saw resilient growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Veneer Sheets Production in Lithuania

In value terms, veneer sheets production totaled $X in 2022 estimated in export price. Overall, production, however, recorded a slight slump. The growth pace was the most rapid in 2013 with an increase of 7.6%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Veneer Sheets Exports

Exports from Lithuania

In 2022, after two years of growth, there was decline in overseas shipments of veneer sheets, when their volume decreased by -4% to X cubic meters. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 17% against the previous year. The exports peaked at X cubic meters in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, veneer sheets exports skyrocketed to $X in 2022. Overall, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +88.4% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Latvia (X cubic meters) was the main destination for veneer sheets exports from Lithuania, accounting for a 94% share of total exports. It was followed by Denmark (X cubic meters), with a 2.5% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Latvia was relatively modest.

In value terms, Latvia ($X) remains the key foreign market for veneer sheets exports from Lithuania, comprising 57% of total exports. The second position in the ranking was taken by Denmark ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Latvia stood at +3.9%.

Export Prices by Country

The average veneer sheets export price stood at $X per cubic meter in 2022, jumping by 49% against the previous year. In general, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, veneer sheets export price increased by +86.3% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per cubic meter), while the average price for exports to Latvia amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+19.5%).

Veneer Sheets Imports

Imports into Lithuania

In 2022, veneer sheets imports into Lithuania dropped to X cubic meters, falling by -13.6% compared with 2021. In general, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +7.1% 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 +34.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 56% against the previous year. As a result, imports attained the peak of X cubic meters, and then reduced in the following year.

In value terms, veneer sheets imports rose markedly to $X in 2022. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.9% 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 +49.3% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by 40%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Croatia (X cubic meters), Finland (X cubic meters) and Ukraine (X cubic meters) were the main suppliers of veneer sheets imports to Lithuania, together comprising 52% of total imports.

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 +106.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X) constituted the largest supplier of veneer sheets to Lithuania, comprising 36% of total imports. The second position in the ranking was held by Croatia ($X), with a 13% share of total imports. It was followed by Finland, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine amounted to +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (+86.8% per year) and Finland (-0.6% per year).

Import Prices by Country

The average veneer sheets import price stood at $X per cubic meter in 2022, rising by 23% against the previous year. In general, the import price showed a relatively flat trend pattern. 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 Poland ($X per cubic meter), while the price for Belarus ($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 Russia (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform