Lithuania: Market for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles 2024

Market Size for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Lithuania

The Lithuanian knitted shawl and scarf market contracted to $X in 2022, waning by -14.5% against the previous year. Overall, consumption saw a abrupt contraction. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Lithuania

In value terms, knitted shawl and scarf production soared to $X in 2022 estimated in export price. Overall, production, however, posted measured growth. The growth pace was the most rapid in 2020 when the production volume increased by 412%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Exports from Lithuania

In 2022, overseas shipments of shawls, scarves and the like of knitted or crocheted textiles increased by 63% to X units, rising for the second year in a row after three years of decline. Overall, exports, however, showed a perceptible shrinkage. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, knitted shawl and scarf exports reached $X in 2022. Over the period under review, total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +11.6% against 2020 indices. The growth pace was the most rapid in 2017 when exports increased by 69%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Denmark (X units), Russia (X units) and Norway (X units) were the main destinations of knitted shawl and scarf exports from Lithuania, with a combined 46% share of total exports. Germany, Ireland, Ukraine, Finland, Belarus, Estonia, Latvia, Poland, the United States and the Czech Republic lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +64.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Russia ($X) and Norway ($X) were the largest markets for knitted shawl and scarf exported from Lithuania worldwide, with a combined 46% share of total exports. Germany, Ireland, Ukraine, Belarus, Finland, Estonia, Latvia, Poland, the United States and the Czech Republic lagged somewhat behind, together comprising a further 46%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +68.3%, recorded the highest growth rate of 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 knitted shawl and scarf export price amounted to $X per unit, shrinking by -35.6% against the previous year. In general, the export price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 43%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Belarus ($X per unit) and Poland ($X per unit), while the average price for exports to Germany ($X per unit) and Ireland ($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 Ukraine (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Imports into Lithuania

In 2022, supplies from abroad of shawls, scarves and the like of knitted or crocheted textiles was finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. Overall, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 55% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, knitted shawl and scarf imports skyrocketed to $X in 2022. In general, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 50%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Ukraine (X units) constituted the largest knitted shawl and scarf supplier to Lithuania, with a 55% share of total imports. Moreover, knitted shawl and scarf imports from Ukraine exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold. Germany (X units) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume from Ukraine stood at +250.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+4.3% per year) and Germany (-2.7% per year).

In value terms, Poland ($X) constituted the largest supplier of shawls, scarves and the like of knitted or crocheted textiles to Lithuania, comprising 32% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by Ukraine, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.1% per year) and Ukraine (+158.9% per year).

Import Prices by Country

In 2022, the average knitted shawl and scarf import price amounted to $X per unit, reducing by -15% against the previous year. Overall, the import price saw a deep slump. The growth pace was the most rapid in 2015 an increase of 22%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform