Lithuania's Wood Pellets Market Sees Mixed Trends in 2024
Lithuania's wood pellets market experienced a mix of growth and decline in 2024. After two years of decrease, exports surged to reach X tons in the world market. Meanwhile, the stock market today for wood pellets shrank by X% to $X, ending a two-year upward trend.
From 2012 to 2024, Lithuania's wood pellets exports showed steady growth in the stock market. However, imports recorded a significant downturn during the same period. In 2024, consumption posted a strong increase, indicating a shift in demand.
Production peaked at $X in 2023 before contracting dramatically in 2024. Despite this, overall production saw a notable increase in the stock market. The growth pace was most rapid in 2018, with a X% rise. The market reached its peak at $X in 2023 before shrinking significantly in 2024.
Imports from Ukraine to Lithuania decreased by X% to X tons in 2024, marking the fourth consecutive year of decline. This was driven by factors such as the growth of Ukraine's domestic production and exports, Lithuanian demand for affordable and sustainable biomass fuels, and EU integration.
In 2024, Lithuania's wood pellets market saw a rise in exports and a decrease in imports. Despite a market contraction, consumption increased, suggesting a shift in demand patterns. Production, while down from its peak, still showed overall growth in the stock market. The market's future depends on balancing these trends and managing geopolitical influences.
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