Lithuania: Billiard Accessoires Market 2024

Billiard Accessoires Market Size in Lithuania

The Lithuanian billiard accessoires market rose remarkably to $X in 2022, growing by 12% against the previous year. Overall, consumption faced a deep slump. Billiard accessoires consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Billiard Accessoires Production in Lithuania

In value terms, billiard accessoires production expanded markedly to $X in 2022 estimated in export price. Overall, production posted a strong expansion. The growth pace was the most rapid in 2013 when the production volume increased by 28% against the previous year. Billiard accessoires production peaked in 2022 and is expected to retain growth in the immediate term.

Billiard Accessoires Exports

Exports from Lithuania

In 2022, shipments abroad of articles and accessories for billiards increased by 19% to X tons, rising for the fourth year in a row after two years of decline. In general, exports recorded strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by 24%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, billiard accessoires exports declined modestly to $X in 2022. Overall, exports enjoyed strong growth. The pace of growth was the most pronounced in 2013 with an increase of 43%. Over the period under review, the exports hit record highs at $X in 2021, and then fell in the following year.

Exports by Country

Kazakhstan (X tons), the United States (X tons) and the UK (X tons) were the main destinations of billiard accessoires exports from Lithuania, with a combined 59% share of total exports. Italy, Belgium, Finland, France, Germany, the Netherlands, Russia, Denmark, Sweden and Latvia lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +46.3%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the United States ($X) and Russia ($X) appeared to be the largest markets for billiard accessoires exported from Lithuania worldwide, with a combined 46% share of total exports. Italy, Kazakhstan, Belgium, France, Germany, Finland, the Netherlands, Denmark, Sweden and Latvia lagged somewhat behind, together comprising a further 46%.

The Netherlands, with a CAGR of +49.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average billiard accessoires export price stood at $X per ton in 2022, with a decrease of -16.3% against the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price 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. The pace of growth was the most pronounced in 2017 when the average export price increased by 25%. The export price peaked at $X per ton in 2021, and then fell remarkably in the following year.

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 ($X per ton), while the average price for exports to Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Billiard Accessoires Imports

Imports into Lithuania

In 2022, purchases abroad of articles and accessories for billiards decreased by -18.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw a notable expansion. The growth pace was the most rapid in 2018 with an increase of 107%. Over the period under review, imports reached the peak figure at X tons in 2021, and then dropped markedly in the following year.

In value terms, billiard accessoires imports amounted to $X in 2022. Over the period under review, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 88% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X tons), Estonia (X tons) and Belgium (X tons) were the main suppliers of billiard accessoires imports to Lithuania, together comprising 61% of total imports. Ukraine, France, Latvia and Italy lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +102.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest billiard accessoires suppliers to Lithuania were Estonia ($X), Belgium ($X) and France ($X), with a combined 66% share of total imports.

Among the main suppliers, France, with a CAGR of +91.7%, saw the highest growth rate of the value of imports, 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 billiard accessoires import price amounted to $X per ton, growing by 27% against the previous year. In general, the import price continues to indicate a strong increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 77%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

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 Latvia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform