Lithuania: Hand-Operated Air Pump Market 2024

Hand-Operated Air Pump Market Size in Lithuania

The Lithuanian hand-operated air pump market soared to $X in 2022, jumping by 20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +126.0% against 2017 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in years to come.

Hand-Operated Air Pump Exports

Exports from Lithuania

In 2022, overseas shipments of hand or foot-operated air pumps decreased by -9.4% to X units, falling for the fifth year in a row after two years of growth. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 56% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hand-operated air pump exports shrank to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 71%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Estonia (X units), Latvia (X units) and Belarus (X units) were the main destinations of hand-operated air pump exports from Lithuania, with a combined 78% share of total exports. Finland, Russia, Ukraine and Kazakhstan lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +77.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hand-operated air pump exported from Lithuania were Latvia ($X), Estonia ($X) and Russia ($X), with a combined 72% share of total exports. Belarus, Kazakhstan, Finland and Ukraine lagged somewhat behind, together accounting for a further 20%.

Finland, with a CAGR of +74.2%, saw 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 hand-operated air pump export price amounted to $X per unit, waning by -1.8% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 41%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Finland ($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 Kazakhstan (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Hand-Operated Air Pump Imports

Imports into Lithuania

In 2022, purchases abroad of hand or foot-operated air pumps increased by 24% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, saw a mild slump. The growth pace was the most rapid in 2018 with an increase of 28%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, hand-operated air pump imports rose sharply to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +106.0% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of 30%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hand-operated air pump to Lithuania, with a 58% share of total imports. Moreover, hand-operated air pump imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. France (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.4% per year) and France (+61.4% per year).

In value terms, China ($X) constituted the largest supplier of hand or foot-operated air pumps to Lithuania, comprising 53% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by Poland, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.9% per year) and Poland (+2.5% per year).

Import Prices by Country

The average hand-operated air pump import price stood at $X per unit in 2022, declining by -12.8% against the previous year. Overall, the import price, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 42%. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform