Lithuania: Footwear Treatments Market 2024

Footwear Treatments Market Size in Lithuania

The Lithuanian footwear treatments market declined modestly to $X in 2022, falling by -3.1% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt shrinkage. Footwear treatments consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Footwear Treatments Production in Lithuania

In value terms, footwear treatments production surged to $X in 2022 estimated in export price. Overall, production recorded a abrupt curtailment. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Footwear Treatments Exports

Exports from Lithuania

After two years of decline, shipments abroad of polishes and creams for footwear or leather increased by 53% to X tons in 2022. Overall, exports saw pronounced growth. The pace of growth was the most pronounced in 2013 when exports increased by 248%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, footwear treatments exports skyrocketed to $X in 2022. In general, exports continue to indicate a pronounced increase. The pace of growth was the most pronounced in 2013 with an increase of 274% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for footwear treatments exports from Lithuania, accounting for a 63% share of total exports. Moreover, footwear treatments exports to Russia exceeded the volume sent to the second major destination, Latvia (X tons), fourfold. Belarus (X tons) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+2.1% per year) and Belarus (+15.3% per year).

In value terms, Russia ($X) remains the key foreign market for polishes and creams for footwear or leather exports from Lithuania, comprising 67% of total exports. The second position in the ranking was taken by Latvia ($X), with an 11% share of total exports. It was followed by Belarus, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (-5.1% per year) and Belarus (+20.8% per year).

Export Prices by Country

In 2022, the average footwear treatments export price amounted to $X per ton, dropping by -14.3% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 27% against the previous year. The export price peaked at $X per ton in 2021, 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 Estonia ($X per ton), while the average price for exports to Germany ($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 Belarus (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Treatments Imports

Imports into Lithuania

In 2022, purchases abroad of polishes and creams for footwear or leather was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 44%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, footwear treatments imports surged to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 65% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of footwear treatments to Lithuania, accounting for a 35% share of total imports. Moreover, footwear treatments imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+22.4% per year) and Spain (+72.5% per year).

In value terms, Germany ($X), Poland ($X) and Spain ($X) appeared to be the largest footwear treatments suppliers to Lithuania, together accounting for 58% of total imports. France, Finland, Latvia, Italy, the Netherlands, Turkey, the UK and Sweden lagged somewhat behind, together accounting for a further 39%.

France, with a CAGR of +80.5%, recorded 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 2022, the average footwear treatments import price amounted to $X per ton, shrinking by -12.3% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 22%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform