Lithuania: Vehicle Seat Market 2025

Vehicle Seat Market Size in Lithuania

The Lithuanian vehicle seat market dropped modestly to $X in 2022, reducing by -2.1% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable curtailment. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Vehicle Seat Production in Lithuania

In value terms, vehicle seat production dropped to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2018 when the production volume increased by 33% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Vehicle Seat Exports

Exports from Lithuania

After three years of growth, shipments abroad of seats for motor vehicles decreased by -8.8% to X units in 2022. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by 69%. Over the period under review, the exports reached the peak figure at X units in 2021, and then contracted in the following year.

In value terms, vehicle seat exports reduced to $X in 2022. Overall, exports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 54%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Sweden (X units) was the main destination for vehicle seat exports from Lithuania, with a 33% share of total exports. Moreover, vehicle seat exports to Sweden exceeded the volume sent to the second major destination, Latvia (X units), twofold. The third position in this ranking was held by Estonia (X units), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden totaled +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+17.2% per year) and Estonia (+21.4% per year).

In value terms, Sweden ($X) remains the key foreign market for seats for motor vehicles exports from Lithuania, comprising 32% of total exports. The second position in the ranking was taken by Latvia ($X), with a 15% share of total exports. It was followed by Estonia, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+11.3% per year) and Estonia (+15.3% per year).

Export Prices by Country

The average vehicle seat export price stood at $X per unit in 2022, standing approx. at the previous year. Overall, the export price recorded a abrupt descent. The pace of growth appeared the most rapid in 2018 an increase of 78% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Kyrgyzstan ($X per unit) and Russia ($X per unit), while the average price for exports to the UK ($X per unit) and Finland ($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 Kyrgyzstan (-4.9%), while the prices for the other major destinations experienced a decline.

Vehicle Seat Imports

Imports into Lithuania

In 2022, approx. X units of seats for motor vehicles were imported into Lithuania; with an increase of 39% compared with the year before. Over the period under review, imports recorded a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 61%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, vehicle seat imports dropped notably to $X in 2022. Overall, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 29%. Imports peaked at $X in 2021, and then plummeted in the following year.

Imports by Country

In 2022, Turkey (X units) constituted the largest supplier of vehicle seat to Lithuania, with a 36% share of total imports. Moreover, vehicle seat imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was held by Poland (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at +22.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+30.8% per year) and Poland (+3.8% per year).

In value terms, Turkey ($X) constituted the largest supplier of seats for motor vehicles to Lithuania, comprising 36% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by Poland, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+24.2% per year) and Poland (-1.3% per year).

Import Prices by Country

In 2022, the average vehicle seat import price amounted to $X per unit, reducing by -40.5% against the previous year. In general, the import price recorded a deep setback. The pace of growth was the most pronounced in 2019 when the average import price increased by 27%. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per unit) and Latvia ($X per unit), while the price for Belarus ($X per unit) and Estonia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform