Lithuania: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in Lithuania

The Lithuanian market for spray guns and similar appliances shrank remarkably to $X in 2022, falling by -19% against the previous year. Overall, consumption, however, enjoyed a resilient expansion. Spray guns and similar appliances consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Spray Guns And Similar Appliances in Lithuania

In value terms, spray guns and similar appliances production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a dramatic decrease. The pace of growth was the most pronounced in 2021 with an increase of 8.6%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Spray Guns And Similar Appliances

Exports from Lithuania

After two years of growth, overseas shipments of spray guns and similar appliances decreased by -37.1% to X units in 2022. Overall, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 78%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, spray guns and similar appliances exports dropped markedly to $X in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 94% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted markedly in the following year.

Exports by Country

Germany (X units), Latvia (X units) and Russia (X units) were the main destinations of spray guns and similar appliances exports from Lithuania, together accounting for 59% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +98.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Russia ($X) and Kazakhstan ($X) were the largest markets for spray guns and similar appliances exported from Lithuania worldwide, with a combined 55% share of total exports.

Germany, with a CAGR of +89.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 export price for spray guns and similar appliances amounted to $X per unit, reducing by -9.9% against the previous year. Over the period under review, the export price saw a deep slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 17%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+20.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Spray Guns And Similar Appliances

Imports into Lithuania

In 2022, imports of spray guns and similar appliances into Lithuania fell rapidly to X units, waning by -30.5% compared with the previous year. Over the period under review, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 93%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, spray guns and similar appliances imports contracted sharply to $X in 2022. In general, imports, however, recorded buoyant growth. The growth pace was the most rapid in 2013 with an increase of 68%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Poland (X units) and Germany (X units) were the main suppliers of spray guns and similar appliances imports to Lithuania, with a combined 56% share of total imports. Latvia, Italy, Belgium, the Czech Republic, Denmark, Estonia, Sweden and France lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +40.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Latvia ($X) and China ($X) appeared to be the largest spray guns and similar appliances suppliers to Lithuania, with a combined 53% share of total imports. Italy, Poland, Belgium, the Czech Republic, Estonia, France, Denmark and Sweden lagged somewhat behind, together accounting for a further 40%.

Among the main suppliers, the Czech Republic, with a CAGR of +50.5%, 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 import price for spray guns and similar appliances amounted to $X per unit, growing by 8.6% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spray guns and similar appliances import price increased by +65.6% against 2016 indices. The growth pace was the most rapid in 2019 when the average import price increased by 18%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Belgium ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform