Lithuania: Table-Tennis Equipment Market 2024

Table-Tennis Equipment Market Size in Lithuania

In 2022, the Lithuanian table-tennis equipment market decreased by -79.8% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption recorded a abrupt decrease. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Table-Tennis Equipment Exports

Exports from Lithuania

In 2022, overseas shipments of articles and equipment for table-tennis increased by 2.1% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +21.4% against 2020 indices. The pace of growth was the most pronounced in 2017 when exports increased by 81%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, table-tennis equipment exports dropped notably to $X in 2022. Overall, exports saw a measured increase. The most prominent rate of growth was recorded in 2017 when exports increased by 96%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X tons), Belarus (X tons) and Estonia (X tons) were the main destinations of table-tennis equipment exports from Lithuania, together comprising 65% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Estonia (with a CAGR of +48.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for table-tennis equipment exported from Lithuania were Belarus ($X), Latvia ($X) and Kazakhstan ($X), with a combined 66% share of total exports. Estonia, Russia, the United Arab Emirates and the UK lagged somewhat behind, together comprising a further 31%.

Estonia, with a CAGR of +31.3%, 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 table-tennis equipment export price stood at $X per ton in 2022, with a decrease of -19.6% against the previous year. Over the period under review, the export price, however, recorded a slight expansion. The growth pace was the most rapid in 2018 an increase of 55%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to the UK ($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 Kazakhstan (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Table-Tennis Equipment Imports

Imports into Lithuania

Table-tennis equipment imports into Lithuania expanded notably to X tons in 2022, surging by 8.7% compared with the previous year. In general, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 42% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, table-tennis equipment imports reached $X in 2022. Over the period under review, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 117%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), Sweden (X tons) and China (X tons) were the main suppliers of table-tennis equipment imports to Lithuania, together accounting for 65% of total imports. Poland, Latvia, France, the United States and the Netherlands lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +149.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of articles and equipment for table-tennis to Lithuania, comprising 34% of total imports. The second position in the ranking was taken by Sweden ($X), with a 16% share of total imports. It was followed by Latvia, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+27.6% per year) and Latvia (+29.1% per year).

Import Prices by Country

The average table-tennis equipment import price stood at $X per ton in 2022, reducing by -6% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 53%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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 the Netherlands ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform