Lithuania: Baby Carriage Market 2024

Baby Carriage Market Size in Lithuania

The Lithuanian baby carriage market surged to $X in 2022, picking up by 1,088% against the previous year. In general, consumption, however, recorded a abrupt downturn. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Baby Carriage Production in Lithuania

In value terms, baby carriage production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 40%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Baby Carriage Exports

Exports from Lithuania

In 2022, exports of baby carriages from Lithuania dropped to X units, falling by -11.9% compared with the previous year's figure. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2013 when exports increased by 25% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, baby carriage exports dropped to $X in 2022. Over the period under review, exports showed a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of 15%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for baby carriage exports from Lithuania, accounting for a 54% share of total exports. Moreover, baby carriage exports to Russia exceeded the volume sent to the second major destination, the Czech Republic (X units), sevenfold. Latvia (X units) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled -17.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+11.0% per year) and Latvia (+2.4% per year).

In value terms, Russia ($X) remains the key foreign market for baby carriages exports from Lithuania, comprising 51% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with an 8.8% share of total exports. It was followed by Kazakhstan, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at -12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+17.1% per year) and Kazakhstan (+37.1% per year).

Export Prices by Country

The average baby carriage export price stood at $X per unit in 2022, rising by 11% against the previous year. Overall, the export price saw a remarkable increase. The pace of growth appeared the most rapid in 2017 an increase of 49%. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per unit), while the average price for exports to Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Baby Carriage Imports

Imports into Lithuania

In 2022, approx. X units of baby carriages were imported into Lithuania; shrinking by -13.3% compared with the year before. Over the period under review, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2013 when imports increased by 12%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, baby carriage imports fell to $X in 2022. In general, imports recorded a deep contraction. The pace of growth was the most pronounced in 2013 with an increase of 13% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Poland (X units) constituted the largest baby carriage supplier to Lithuania, accounting for a 67% share of total imports. Moreover, baby carriage imports from Poland exceeded the figures recorded by the second-largest supplier, China (X units), sixfold. Estonia (X units) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at -14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.0% per year) and Estonia (+7.2% per year).

In value terms, Poland ($X) constituted the largest supplier of baby carriages to Lithuania, comprising 46% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 17% share of total imports. It was followed by Estonia, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Poland totaled -14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+21.5% per year) and Estonia (+7.3% per year).

Import Prices by Country

The average baby carriage import price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, baby carriage import price increased by +37.0% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 26% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform