Lithuania: Domestic Electro-Thermic Appliances Market 2024

Domestic Electro-Thermic Appliances Market Size in Lithuania

The Lithuanian domestic electro-thermic appliances market shrank markedly to $X in 2022, reducing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Domestic electro-thermic appliances consumption peaked at $X in 2021, and then declined remarkably in the following year.

Domestic Electro-Thermic Appliances Production in Lithuania

In value terms, domestic electro-thermic appliances production declined to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. Domestic electro-thermic appliances production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Domestic Electro-Thermic Appliances Exports

Exports from Lithuania

In 2022, shipments abroad of domestic electro-thermic appliances was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, domestic electro-thermic appliances exports skyrocketed to $X in 2022. Overall, exports showed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Latvia (X units), Estonia (X units) and Sweden (X units) were the main destinations of domestic electro-thermic appliances exports from Lithuania, with a combined X% share of total exports. Russia, Kazakhstan, Norway, Germany, Poland, the UK, Denmark, the Netherlands, Finland and Kyrgyzstan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for domestic electro-thermic appliances exported from Lithuania were Latvia ($X), Estonia ($X) and Russia ($X), together accounting for X% of total exports. Sweden, Germany, Poland, Kazakhstan, the UK, Kyrgyzstan, Norway, Denmark, the Netherlands and Finland lagged somewhat behind, together comprising a further X%.

Denmark, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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

In 2022, the average domestic electro-thermic appliances export price amounted to $X per unit, picking up by X% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, domestic electro-thermic appliances export price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Kyrgyzstan ($X per unit), while the average price for exports to Norway ($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 Kyrgyzstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Domestic Electro-Thermic Appliances Imports

Imports into Lithuania

In 2022, overseas purchases of domestic electro-thermic appliances increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, domestic electro-thermic appliances imports reached $X in 2022. Over the period under review, imports showed a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X units), China (X units) and Latvia (X units) were the main suppliers of domestic electro-thermic appliances imports to Lithuania, together comprising X% of total imports.

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

In value terms, the largest domestic electro-thermic appliances suppliers to Lithuania were Poland ($X), Italy ($X) and Latvia ($X), with a combined X% share of total imports. Germany, China, Sweden, Estonia, the Czech Republic, Hungary and France lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Estonia, with a CAGR of X%, saw the highest rates of growth with regard to 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 domestic electro-thermic appliances import price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit, and then contracted dramatically in the following year.

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 Sweden ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform