Lithuania: Pantyhose Market 2024

Pantyhose Market Size in Lithuania

The Lithuanian pantyhose market soared to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt descent. Pantyhose consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Pantyhose Production in Lithuania

In value terms, pantyhose production declined slightly to $X in 2022 estimated in export price. In general, production, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Pantyhose Exports

Exports from Lithuania

In 2022, overseas shipments of pantyhose and tights were finally on the rise to reach X pairs for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, faced a significant contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at X pairs in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, pantyhose exports shrank to $X in 2022. Over the period under review, exports, however, continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X pairs) was the main destination for pantyhose exports from Lithuania, accounting for a X% share of total exports. Moreover, pantyhose exports to Latvia exceeded the volume sent to the second major destination, the UK (X pairs), fourfold. Russia (X pairs) 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 Latvia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Russia (X% per year).

In value terms, Latvia ($X) remains the key foreign market for pantyhose and tights exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by Norway, with an X% share.

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

Export Prices by Country

The average pantyhose export price stood at $X per pair in 2022, which is down 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 2020 an increase of X%. The export price peaked at $X per pair in 2021, and then contracted modestly in the following year.

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

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

Pantyhose Imports

Imports into Lithuania

After three years of decline, supplies from abroad of pantyhose and tights increased by X% to X pairs in 2022. Over the period under review, imports, however, recorded a deep setback. Over the period under review, imports attained the maximum at X pairs in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, pantyhose imports expanded remarkably to $X in 2022. In general, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Serbia (X pairs), Italy (X pairs) and Russia (X pairs) were the main suppliers of pantyhose imports to Lithuania, together comprising X% of total imports. Poland, Estonia, Turkey, Germany, Latvia, China and Belarus lagged somewhat behind, together comprising a further X%.

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

In value terms, Italy ($X), Poland ($X) and Serbia ($X) were the largest pantyhose suppliers to Lithuania, together accounting for X% of total imports.

In terms of the main suppliers, Serbia, with a CAGR of X%, saw the highest growth rate of 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 pantyhose import price amounted to $X per pair, therefore, remained relatively stable against the previous year. Overall, the import price showed a mild shrinkage. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per pair. From 2014 to 2022, the average import prices remained at a somewhat 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 ($X per pair), while the price for Russia ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform