MDF Price in Lithuania - 2023
Contents:
- MDF Price in Lithuania (CIF) - 2023
- MDF Price in Lithuania (FOB) - 2022
- MDF Imports in Lithuania
- MDF Exports in Lithuania
MDF Price in Lithuania (CIF) - 2023
In September 2023, the average MDF import price amounted to $589 per cubic meter, with a decrease of -5.4% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 21% m-o-m. As a result, import price attained the peak level of $748 per cubic meter. From November 2022 to September 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($1,124 per cubic meter), while the price for Romania ($439 per cubic meter) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Ukraine (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
MDF Price in Lithuania (FOB) - 2022
In 2022, the average MDF export price amounted to $687 per cubic meter, rising by 36% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 38%. Over the period under review, the average export prices hit record highs at $1,017 per cubic meter in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
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 Russia ($1,698 per cubic meter), while the average price for exports to Poland ($482 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 Russia (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.
MDF Imports in Lithuania
In 2022, mdf imports into Lithuania contracted to 124K cubic meters, shrinking by -10.8% against 2021. The total import volume increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. As a result, imports attained the peak of 139K cubic meters, and then contracted in the following year.
In value terms, MDF imports expanded rapidly to $74M in 2022. In general, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 67% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of MDF in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 9.8 | 10.6 | 14.4 | 30.2 | 45.5% |
| Germany | 7.5 | 8.3 | 11.2 | 13.1 | 20.4% |
| Belarus | 9.2 | 6.7 | 14.7 | 8.4 | -3.0% |
| Russia | 4.6 | 5.5 | 9.5 | 3.7 | -7.0% |
| Belgium | 2.0 | 2.5 | 3.3 | 3.4 | 19.3% |
| Romania | 0.2 | N/A | 1.2 | 1.9 | 111.8% |
| Ukraine | 1.0 | 1.1 | 3.6 | 1.8 | 21.6% |
| Latvia | 5.0 | 1.7 | 1.9 | 1.6 | -31.6% |
| Others | 2.1 | 4.4 | 8.4 | 10.2 | 69.4% |
| Total | 41.5 | 40.9 | 68.3 | 74.5 | 21.5% |
Top Suppliers of MDF to Lithuania in 2022:
- Poland (51.4K cubic meters)
- Germany (22.8K cubic meters)
- Belarus (20.5K cubic meters)
- Russia (8.7K cubic meters)
- Romania (3.5K cubic meters)
- Belgium (3.4K cubic meters)
- Ukraine (3.3K cubic meters)
- Latvia (1.9K cubic meters)
MDF Exports in Lithuania
MDF exports from Lithuania shrank remarkably to 15K cubic meters in 2022, reducing by -46.3% against 2021. In general, exports showed a significant curtailment. The growth pace was the most rapid in 2021 when exports increased by 46%. Over the period under review, the exports reached the maximum at 29K cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, MDF exports contracted markedly to $10M in 2022. Over the period under review, exports, however, enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2021 with an increase of 101%. As a result, the exports reached the peak of $14M, and then dropped dramatically in the following year.
| Export of MDF in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 2.3 | 2.7 | 4.0 | 3.9 | 19.2% |
| Estonia | 1.5 | 2.0 | 3.6 | 2.3 | 15.3% |
| Poland | 3.8 | 0.9 | 3.9 | 1.4 | -28.3% |
| Russia | 0.3 | 0.3 | 0.5 | 1.0 | 49.4% |
| Kazakhstan | 0.1 | 0.1 | 0.2 | 0.5 | 71.0% |
| Finland | N/A | N/A | N/A | 0.2 | 0% |
| Belarus | 0.4 | 0.1 | 0.1 | 0.1 | -37.0% |
| Others | 0.3 | 0.7 | 1.3 | 0.6 | 26.0% |
| Total | 8.8 | 6.8 | 13.7 | 10.0 | 4.4% |
Top Export Markets for MDF from Lithuania in 2022:
- Latvia (5.5K cubic meters)
- Estonia (4.3K cubic meters)
- Poland (2.9K cubic meters)
- Russia (0.6K cubic meters)
- Kazakhstan (0.4K cubic meters)
- Finland (0.3K cubic meters)
- Belarus (0.1K cubic meters)
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