Lithuania: Blanket Market 2025

Blanket Market Size in Lithuania

The Lithuanian blanket market dropped modestly to $X in 2022, with a decrease of -2% against the previous year. Over the period under review, consumption, however, saw a slight curtailment. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Blanket Production in Lithuania

In value terms, blanket production skyrocketed to $X in 2022 estimated in export price. Over the period under review, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +72.2% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by 40%. Over the period under review, production hit record highs in 2022 and is expected to retain growth in years to come.

Blanket Exports

Exports from Lithuania

In 2022, exports of blankets and traveling rugs (except electric blankets) from Lithuania dropped to X tons, waning by -12.3% against the year before. Overall, total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.1% 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 +26.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 44%. As a result, the exports reached the peak of X tons, and then declined in the following year.

In value terms, blanket exports shrank to $X in 2022. In general, total exports indicated a tangible expansion from 2012 to 2022: its value 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, exports increased by +41.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 56%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Italy (X tons) was the main destination for blanket exports from Lithuania, with a 25% share of total exports. Moreover, blanket exports to Italy exceeded the volume sent to the second major destination, Norway (X tons), twofold. The third position in this ranking was held by Latvia (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+7.4% per year) and Latvia (+4.9% per year).

In value terms, Italy ($X) remains the key foreign market for blankets and traveling rugs (except electric blankets) exports from Lithuania, comprising 34% of total exports. The second position in the ranking was held by Germany ($X), with a 12% share of total exports. It was followed by Denmark, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+2.6% per year) and Denmark (+2.2% per year).

Export Prices by Country

In 2022, the average blanket export price amounted to $X per ton, rising by 3.8% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 13% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Latvia ($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 Poland (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Blanket Imports

Imports into Lithuania

In 2022, purchases abroad of blankets and traveling rugs (except electric blankets) decreased by -9.1% to X tons, falling for the second year in a row after nine years of growth. Over the period under review, imports, however, saw prominent growth. The growth pace was the most rapid in 2020 with an increase of 34% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, blanket imports contracted to $X in 2022. Overall, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 65% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Poland (X tons), China (X tons) and Ukraine (X tons) were the main suppliers of blanket imports to Lithuania.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +29.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest blanket suppliers to Lithuania were Ukraine ($X), China ($X) and Poland ($X), together comprising 69% of total imports.

Ukraine, with a CAGR of +30.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average blanket import price stood at $X per ton in 2022, falling by -5.8% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 93% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform