Lithuania: Levels Market 2024

Levels Market Size in Lithuania

In 2022, the Lithuanian levels market decreased by X% to $X, falling for the third consecutive year after two years of growth. Overall, consumption saw a significant decline. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Levels Production in Lithuania

In value terms, levels production reduced slightly to $X in 2022 estimated in export price. In general, production recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Levels Exports

Exports from Lithuania

In 2022, shipments abroad of levels increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, levels exports contracted slightly to $X in 2022. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then declined slightly in the following year.

Exports by Country

Estonia (X units), Latvia (X units) and Germany (X units) were the main destinations of levels exports from Lithuania, with a combined X% share of total exports. Denmark, Sweden, Belarus, France and Russia lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for levels exported from Lithuania were Estonia ($X), Latvia ($X) and Germany ($X), together comprising X% of total exports. Denmark, Belarus, Sweden, France and Russia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, France, with a CAGR of X%, 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 levels export price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Estonia ($X per unit) and Latvia ($X per unit), while the average price for exports to Denmark ($X per unit) and Sweden ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced a decline.

Levels Imports

Imports into Lithuania

After two years of decline, overseas purchases of levels decreased by X% to less than X units in 2022. Over the period under review, imports showed a significant increase. The smallest decline of X% was in 2020. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, levels imports contracted to $X in 2022. Overall, imports showed a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Latvia (X units), Germany (X units) and Finland (X units) were the main suppliers of levels imports to Lithuania, with a combined X% share of total imports.

From 2012 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Germany ($X) and Finland ($X) appeared to be the largest levels suppliers to Lithuania, with a combined X% share of total imports.

Finland, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average levels import price amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, the import price recorded a pronounced decline. The most prominent rate of growth was recorded in 2013 when the average import price decreased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2019, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, amid the top importers, the countries with the highest prices were China ($X per unit) and Finland ($X per unit), while the price for Germany ($X per unit) and Estonia ($X per unit) were amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Finland (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform