Lithuania: Home Appliance Market 2020

Home Appliance Market Size in Lithuania

The revenue of the home appliance market in Lithuania amounted to $X in 2018, dropping by -X% against the previous year. Overall, home appliance consumption continues to indicate a deep decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Lithuania home appliance consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Home Appliance Production in Lithuania

In value terms, home appliance production amounted to $X in 2018 estimated in export prices. Over the period under review, home appliance production continues to indicate a drastic descent. The most prominent rate of growth was recorded in 2011 when production volume increased by X% year-to-year. Over the period under review, home appliance production attained its maximum level at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Home Appliance Exports

Exports from Lithuania

Home appliance exports from Lithuania stood at X tons in 2018, surging by X% against the previous year. Overall, home appliance exports continue to indicate measured growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Lithuania exports peaked at X tons in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

In value terms, home appliance exports totaled $X in 2018. Overall, home appliance exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Over the period under review, home appliance exports reached their peak figure at $X in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

China prevails in home appliance exports structure, resulting at X tons, which was near X% of total exports in 2018. It was distantly followed by Turkey (X tons), Mexico (X tons) and the U.S. (X tons), together committing an X% share of total exports. Italy (X tons), Belarus (X tons), Germany (X tons) and Ecuador (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Mexico (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. The U.S., Belarus and Germany experienced a relatively flat trend pattern. By contrast, Ecuador (-X%) and Italy (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), Mexico (+X p.p.) and Turkey (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Italy (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest home appliance supplier from Lithuania, comprising X% of global exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of global exports. It was followed by Italy, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China totaled +X%. In the other countries, the average annual rates were as follows: Mexico (+X% per year) and Italy (-X% per year).

Export Prices by Country

In 2018, the home appliance export price in Lithuania amounted to $X per ton, picking up by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2009 when the export price increased by X% y-o-y. Over the period under review, the export prices for domestic, non-electric, cooking or heating appliances attained their peak figure at $X per ton in 2011; however, from 2012 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced more modest paces of growth.

Home Appliance Imports

Imports into Lithuania

In 2018, the home appliance imports into Lithuania amounted to X tons, approximately mirroring the previous year. Overall, home appliance imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Lithuania imports peaked at X tons in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, home appliance imports totaled $X in 2018. In general, home appliance imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, home appliance imports attained their maximum at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The U.S. represented the main importing country with an import of around X tons, which recorded X% of total imports. It was distantly followed by Germany (X tons), mixing up a X% share of total imports. The UK (X tons), France (X tons), Canada (X tons), the Netherlands (X tons), Russia (X tons), Algeria (X tons), Australia (X tons) and Saudi Arabia (X tons) followed a long way behind the leaders.

The U.S. experienced a relatively flat trend pattern of domestic, non-electric, cooking or heating appliances imports. At the same time, Algeria (+X%), Germany (+X%), the Netherlands (+X%) and Saudi Arabia (+X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. France, the UK and Russia experienced a relatively flat trend pattern. By contrast, Canada (-X%) and Australia (-X%) illustrated a downward trend over the same period. Germany (+X p.p.) and Algeria (+X p.p.) significantly strengthened its position in terms of the global imports, while Australia saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported domestic, non-electric, cooking or heating appliances into Lithuania, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Canada, with a X% share.

In the U.S., home appliance imports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Germany (+X% per year) and Canada (+X% per year).

Import Prices by Country

In 2018, the home appliance import price in Lithuania amounted to $X per ton, coming down by -X% against the previous year. Overall, the home appliance import price continues to indicate a slight contraction. The growth pace was the most rapid in 2008 an increase of X% year-to-year. Lithuania import price peaked at $X per ton in 2012; however, from 2013 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform