Lithuania: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in Lithuania

The Lithuanian metal domestic furniture market fell significantly to $X in 2022, which is down by X% against the previous year. Overall, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then contracted dramatically in the following year.

Metal Domestic Furniture Production in Lithuania

In value terms, metal domestic furniture production skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. Metal domestic furniture production peaked in 2022 and is expected to retain growth in the immediate term.

Metal Domestic Furniture Exports

Exports from Lithuania

In 2022, exports of metal furniture from Lithuania soared to X tons, increasing by X% on the previous year. Over the period under review, total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal domestic furniture exports stood at $X in 2022. In general, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Sweden (X tons) was the main destination for metal domestic furniture exports from Lithuania, with a X% share of total exports. Moreover, metal domestic furniture exports to Sweden exceeded the volume sent to the second major destination, Denmark (X tons), fivefold. Norway (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Norway (X% per year).

In value terms, Sweden ($X) emerged as the key foreign market for metal furniture exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Denmark ($X), with an X% share of total exports. It was followed by Norway, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Norway (X% per year).

Export Prices by Country

The average metal domestic furniture export price stood at $X per ton in 2022, declining by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

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

Metal Domestic Furniture Imports

Imports into Lithuania

After ten years of growth, supplies from abroad of metal furniture decreased by X% to X tons in 2022. In general, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then reduced remarkably in the following year.

In value terms, metal domestic furniture imports reduced to $X in 2022. Overall, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

Sweden (X tons), Latvia (X tons) and China (X tons) were the main suppliers of metal domestic furniture imports to Lithuania, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal domestic furniture suppliers to Lithuania were China ($X), Sweden ($X) and Germany ($X), together accounting for X% of total imports.

In terms of the main suppliers, Sweden, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal domestic furniture import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, saw a mild setback. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform