Lithuania: Market for Wood Chips And Particles 2024

Market Size for Wood Chips And Particles in Lithuania

The Lithuanian wood chips and particles market surged to $X in 2022, with an increase of X% against the previous year. Overall, consumption enjoyed a remarkable increase. Wood chips and particles consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Wood Chips And Particles in Lithuania

In value terms, wood chips and particles production skyrocketed to $X in 2022 estimated in export price. Overall, production showed strong growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Wood Chips And Particles

Exports from Lithuania

In 2022, overseas shipments of wood chips and particles increased by X% to X cubic meters, rising for the third consecutive year after two years of decline. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, wood chips and particles exports surged to $X in 2022. In general, exports saw a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X cubic meters) was the main destination for wood chips and particles exports from Lithuania, with a X% share of total exports. Moreover, wood chips and particles exports to Poland exceeded the volume sent to the second major destination, Denmark (X cubic meters), more than tenfold. The third position in this ranking was held by Finland (X cubic meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Finland (X% per year).

In value terms, Poland ($X) remains the key foreign market for wood chips and particles exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Denmark ($X), with an X% share of total exports. It was followed by Finland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Poland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Finland (X% per year).

Export Prices by Country

In 2022, the average wood chips and particles export price amounted to $X per cubic meter, flattening at the previous year. Over the period under review, the export price showed a pronounced shrinkage. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per cubic meter), while the average price for exports to Poland ($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 Finland (X%), while the prices for the other major destinations experienced a decline.

Imports of Wood Chips And Particles

Imports into Lithuania

In 2022, supplies from abroad of wood chips and particles decreased by X% to X cubic meters, falling for the third year in a row after four years of growth. In general, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, wood chips and particles imports shrank to $X in 2022. Over the period under review, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Latvia (X cubic meters), Belarus (X cubic meters) and Poland (X cubic meters) were the main suppliers of wood chips and particles imports to Lithuania, together accounting for X% 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, Latvia ($X), Belarus ($X) and Poland ($X) constituted the largest wood chips and particles suppliers to Lithuania, together comprising X% of total imports.

Latvia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 wood chips and particles import price amounted to $X per cubic meter, jumping by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Latvia ($X per cubic meter), while the price for Poland ($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 Belarus (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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