Lithuania: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in Lithuania

After two years of decline, the Lithuanian industrial sewing machines (non-automatic) market increased by 32% to $X in 2022. Over the period under review, consumption continues to indicate resilient growth. Industrial sewing machines (non-automatic) consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Industrial Sewing Machines (Non-Automatic) in Lithuania

In value terms, industrial sewing machines (non-automatic) production totaled $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. Industrial sewing machines (non-automatic) production peaked in 2022 and is likely to see steady growth in years to come.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Lithuania

In 2022, the amount of industrial sewing machines (non-automatic) exported from Lithuania fell notably to X units, which is down by -25.8% against 2021. Over the period under review, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 175%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial sewing machines (non-automatic) exports expanded notably to $X in 2022. In general, exports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 159%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belarus (X units), Latvia (X units) and Russia (X units) were the main destinations of industrial sewing machines (non-automatic) exports from Lithuania, with a combined 75% share of total exports. Uzbekistan, Estonia, Kazakhstan and Mongolia lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Mongolia (with a CAGR of +115.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Belarus ($X) and Latvia ($X) constituted the largest markets for industrial sewing machines (non-automatic) exported from Lithuania worldwide, with a combined 80% share of total exports. Uzbekistan, Mongolia, Estonia and Kazakhstan lagged somewhat behind, together comprising a further 16%.

In terms of the main countries of destination, Mongolia, with a CAGR of +1,108.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average industrial sewing machines (non-automatic) export price stood at $X per unit in 2022, picking up by 43% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Mongolia ($X per unit), while the average price for exports to Kazakhstan ($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 Mongolia (+460.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Lithuania

In 2022, overseas purchases of industrial sewing machines (non-automatic) increased by 14% to X units, rising for the third consecutive year after three years of decline. Overall, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.0% 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 +48.1% against 2019 indices. The pace of growth was the most pronounced in 2016 when imports increased by 95%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, industrial sewing machines (non-automatic) imports rose rapidly to $X in 2022. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 44%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest industrial sewing machines (non-automatic) supplier to Lithuania, with a 43% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by Poland (X units), with a 19% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.0% per year) and Poland (+17.9% per year).

In value terms, Germany ($X) constituted the largest supplier of industrial sewing machines (non-automatic) to Lithuania, comprising 43% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Poland, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.7% per year) and Poland (+12.5% per year).

Import Prices by Country

In 2022, the average industrial sewing machines (non-automatic) import price amounted to $X per unit, remaining constant against the previous year. Over the period under review, the import price showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 when the average import price increased by 37%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform