Lithuania: Industrial Roundwood (Non-Coniferous) Market 2024

Industrial Roundwood (Non-Coniferous) Market Size in Lithuania

The Lithuanian industrial roundwood (non-coniferous) market dropped significantly to $X in 2022, with a decrease of -19% against the previous year. In general, consumption continues to indicate a perceptible shrinkage. Industrial roundwood (non-coniferous) consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Industrial Roundwood (Non-Coniferous) Production in Lithuania

In value terms, industrial roundwood (non-coniferous) production reduced to $X in 2022 estimated in export price. In general, production saw a noticeable setback. The most prominent rate of growth was recorded in 2018 with an increase of 30%. Industrial roundwood (non-coniferous) production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Industrial Roundwood (Non-Coniferous) Exports

Exports from Lithuania

Industrial roundwood (non-coniferous) exports from Lithuania skyrocketed to X cubic meters in 2022, with an increase of 21% against 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 27% against the previous year. The exports peaked at X cubic meters in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, industrial roundwood (non-coniferous) exports surged to $X in 2022. Over the period under review, total exports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Latvia (X cubic meters), Poland (X cubic meters) and Sweden (X cubic meters) were the main destinations of industrial roundwood (non-coniferous) exports from Lithuania, with a combined 95% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +10.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Poland ($X), Latvia ($X) and Sweden ($X) were the largest markets for industrial roundwood (non-coniferous) exported from Lithuania worldwide, with a combined 92% share of total exports.

Latvia, with a CAGR of +21.5%, saw 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 mixed trend patterns.

Export Prices by Country

In 2022, the average industrial roundwood (non-coniferous) export price amounted to $X per cubic meter, picking up by 65% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial roundwood (non-coniferous) export price increased by +118.3% against 2020 indices. As a result, the export price reached 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 Poland ($X per cubic meter), while the average price for exports to Sweden ($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 Latvia (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood (Non-Coniferous) Imports

Imports into Lithuania

Industrial roundwood (non-coniferous) imports into Lithuania declined sharply to X cubic meters in 2022, which is down by -18.1% compared with the previous year's figure. Over the period under review, imports faced a drastic downturn. The growth pace was the most rapid in 2016 when imports increased by 26%. As a result, imports reached the peak of X cubic meters. From 2017 to 2022, the growth of (non-coniferous) imports failed to regain momentum.

In value terms, industrial roundwood (non-coniferous) imports expanded remarkably to $X in 2022. In general, imports showed a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 52%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Latvia (X cubic meters) was the main supplier of industrial roundwood (non-coniferous) to Lithuania, with a 98% share of total imports. It was followed by Russia (X cubic meters), with a 0.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Latvia totaled -1.3%.

In value terms, Latvia ($X) constituted the largest supplier of industrial roundwood to Lithuania, comprising 95% of total imports. The second position in the ranking was taken by Russia ($X), with a 0.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Latvia totaled +3.7%.

Import Prices by Country

The average industrial roundwood (non-coniferous) import price stood at $X per cubic meter in 2022, surging by 33% against the previous year. Overall, the import price saw strong growth. The pace of growth was the most pronounced in 2021 an increase of 102% against the previous year. The import price peaked in 2022 and is expected to retain 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 Russia amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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