Lithuania: Market for Table, Kitchen Or Household Articles Of Cast Iron 2025

Market Size for Table, Kitchen Or Household Articles Of Cast Iron in Lithuania

After two years of growth, the Lithuanian cast iron household articles market decreased by -23.4% to $X in 2022. Overall, consumption, however, recorded a remarkable increase. Cast iron household articles consumption peaked at $X in 2021, and then dropped rapidly in the following year.

Production of Table, Kitchen Or Household Articles Of Cast Iron in Lithuania

In value terms, cast iron household articles production declined sharply to $X in 2022 estimated in export price. Overall, production recorded a precipitous setback. The pace of growth appeared the most rapid in 2013 with an increase of 24%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Table, Kitchen Or Household Articles Of Cast Iron

Exports from Lithuania

In 2022, exports of table, kitchen or household articles of cast iron from Lithuania contracted to X tons, which is down by -10.3% against 2021. Over the period under review, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of 310%. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, cast iron household articles exports contracted significantly to $X in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 189% against the previous year. The exports peaked at $X in 2021, and then reduced notably in the following year.

Exports by Country

Latvia (X tons) was the main destination for cast iron household articles exports from Lithuania, accounting for a 65% share of total exports. Moreover, cast iron household articles exports to Latvia exceeded the volume sent to the second major destination, Slovakia (X tons), more than tenfold. The third position in this ranking was taken by Estonia (X tons), with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume to Latvia totaled +28.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+8,832.5% per year) and Estonia (+21.9% per year).

In value terms, Latvia ($X) remains the key foreign market for table, kitchen or household articles of cast iron exports from Lithuania, comprising 46% of total exports. The second position in the ranking was taken by Poland ($X), with a 7.5% share of total exports. It was followed by Estonia, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Latvia totaled +15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+108.6% per year) and Estonia (+15.4% per year).

Export Prices by Country

The average cast iron household articles export price stood at $X per ton in 2022, which is down by -22.6% against the previous year. In general, the export price saw a abrupt downturn. The pace of growth was the most pronounced in 2020 when the average export price increased by 90%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Slovakia ($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 Slovakia (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles Of Cast Iron

Imports into Lithuania

In 2022, purchases abroad of table, kitchen or household articles of cast iron decreased by -25.5% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 143% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then shrank significantly in the following year.

In value terms, cast iron household articles imports declined to $X in 2022. In general, imports, however, recorded a strong increase. The growth pace was the most rapid in 2020 when imports increased by 108%. Over the period under review, imports reached the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

China (X tons), Uzbekistan (X tons) and Ukraine (X tons) were the main suppliers of cast iron household articles imports to Lithuania, together accounting for 73% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uzbekistan (with a CAGR of +390.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Belgium ($X) appeared to be the largest cast iron household articles suppliers to Lithuania, with a combined 63% share of total imports. Uzbekistan, Ukraine, Latvia, Poland, Russia, France and Belarus lagged somewhat behind, together comprising a further 29%.

Uzbekistan, with a CAGR of +436.6%, saw the highest rates of growth with regard to the value of imports, in terms of 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 cast iron household articles import price amounted to $X per ton, increasing by 19% against the previous year. In general, the import price, however, showed a pronounced setback. The pace of growth was the most pronounced in 2013 an increase of 63% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a 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 ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform