Lithuania: Smoothing Iron Market 2020

Smoothing Iron Market Size in Lithuania

The revenue of the smoothing iron market in Lithuania amounted to $X in 2018, increasing by X% against the previous year. In general, smoothing iron consumption, however, continues to indicate a deep decrease. The growth pace was the most rapid in 2018 when the market value increased by X% year-to-year. Over the period under review, the smoothing iron market reached its peak figure level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Smoothing Iron Production in Lithuania

In value terms, smoothing iron production stood at $X in 2018 estimated in export prices. Over the period under review, smoothing iron production continues to indicate a drastic decline. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Lithuania smoothing iron production peaked at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Smoothing Iron Exports

Exports from Lithuania

In 2018, the amount of electric smoothing irons exported from Lithuania totaled X units, surging by X% against the previous year. Over the period under review, smoothing iron exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. Lithuania exports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, smoothing iron exports amounted to $X in 2018. Over the period under review, smoothing iron exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Lithuania exports peaked in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

China was the major exporter of electric smoothing irons in the world, with the volume of exports recording X units, which was near X% of total exports in 2018. It was distantly followed by Indonesia (X units), France (X units) and Germany (X units), together generating a X% share of total exports. Singapore (X units), the Netherlands (X units), Hungary (X units), Spain (X units) and Italy (X units) took a little share of total exports.

Exports from China decreased at an average annual rate of -X% from 2007 to 2018. At the same time, the Netherlands (+X%), Indonesia (+X%), Hungary (+X%), Italy (+X%) and France (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Spain (-X%), Germany (-X%) and Singapore (-X%) illustrated a downward trend over the same period. Indonesia (+X p.p.) and the Netherlands (+X p.p.) significantly strengthened its position in terms of the global exports, while Germany, Singapore and China saw its share reduced by -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

The smoothing iron export price in Lithuania stood at $X per unit in 2018, picking up by X% against the previous year. Overall, the export price indicated resilient growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, smoothing iron export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2009 when the export price increased by X% y-o-y. Lithuania export price peaked at $X per unit in 2011; however, from 2012 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Smoothing Iron Imports

Imports into Lithuania

In 2018, approx. X units of electric smoothing irons were imported into Lithuania; growing by X% against the previous year. Overall, smoothing iron imports, however, continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, smoothing iron imports reached their peak figure at X units in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, smoothing iron imports totaled $X in 2018. In general, the total imports indicated conspicuous growth from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, smoothing iron imports increased by +X% against 2009 indices. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Lithuania imports peaked in 2018 and are likely to continue its growth in the near future.

Imports by Country

The U.S. (X units), Germany (X units), Russia (X units), France (X units), the Netherlands (X units), the UK (X units), Mexico (X units), Italy (X units), South Africa (X units), the United Arab Emirates (X units), Turkey (X units) and Brazil (X units) represented roughly X% of total imports of electric smoothing irons in 2018.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Turkey, while the other leaders experienced more modest paces of growth.

In value terms, the largest smoothing iron importing markets into Lithuania were the U.S. ($X), Germany ($X) and Italy ($X), with a combined X% share of total imports. Russia, France, the UK, the Netherlands, the United Arab Emirates, Turkey, Mexico, Brazil, South Africa and Lithuania lagged somewhat behind, together comprising a further X terms of the main importing countries, the Netherlands recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the smoothing iron import price in Lithuania amounted to $X per unit, coming down by -X% against the previous year. Over the period under review, the smoothing iron import price, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2012 an increase of X% y-o-y. Over the period under review, the import prices for electric smoothing irons attained their maximum at $X per unit in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per unit), while South Africa ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform