Lithuania: Non-Electric Bakery Oven Market 2024

Non-Electric Bakery Oven Market Size in Lithuania

In 2022, the Lithuanian non-electric bakery oven market decreased by -8.3% to $X, falling for the third year in a row after two years of growth. Overall, consumption, however, recorded a pronounced downturn. Non-electric bakery oven consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Non-Electric Bakery Oven Production in Lithuania

In value terms, non-electric bakery oven production totaled less than $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2013 with an increase of 120%. Non-electric bakery oven production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Non-Electric Bakery Oven Exports

Exports from Lithuania

In 2022, overseas shipments of non-electric bakery ovens increased by 176% to X units, rising for the third consecutive year after three years of decline. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 336% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, non-electric bakery oven exports shrank significantly to $X in 2022. In general, exports continue to indicate a measured expansion. The pace of growth was the most pronounced in 2013 with an increase of 348%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X units), Kazakhstan (X units) and Belarus (X units) were the main destinations of non-electric bakery oven exports from Lithuania, together accounting for 87% of total exports.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of +52.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electric bakery oven exported from Lithuania were Russia ($X), Kazakhstan ($X) and Belarus ($X), with a combined 87% share of total exports.

In terms of the main countries of destination, Kazakhstan, with a CAGR of +25.8%, recorded 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

In 2022, the average non-electric bakery oven export price amounted to $X per unit, declining by -78% against the previous year. Overall, the export price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 an increase of 66%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Canada ($X per unit) and Russia ($X per unit), while the average price for exports to Kyrgyzstan ($X per unit) and Uzbekistan ($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 Latvia (-4.8%), while the prices for the other major destinations experienced a decline.

Non-Electric Bakery Oven Imports

Imports into Lithuania

After three years of growth, supplies from abroad of non-electric bakery ovens decreased by -9.2% to X units in 2022. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 875% against the previous year. Imports peaked at X units in 2021, and then declined in the following year.

In value terms, non-electric bakery oven imports fell rapidly to $X in 2022. Over the period under review, imports, however, saw notable growth. The pace of growth appeared the most rapid in 2013 when imports increased by 766%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Spain (X units), Germany (X units) and Italy (X units) were the main suppliers of non-electric bakery oven imports to Lithuania, together comprising 93% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +105.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electric bakery oven suppliers to Lithuania were Spain ($X), Germany ($X) and Italy ($X), together accounting for 93% of total imports.

Among the main suppliers, Spain, with a CAGR of +83.4%, 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

In 2022, the average non-electric bakery oven import price amounted to $X per unit, waning by -62.2% against the previous year. In general, the import price saw a abrupt decrease. The pace of growth appeared the most rapid in 2014 an increase of 3.3%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per unit) and Spain ($X per unit), while the price for the Czech Republic ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-7.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform