Lithuania: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Lithuania

The Lithuanian telephone apparatus market fell rapidly to $X in 2022, with a decrease of -38.8% against the previous year. Overall, consumption, however, showed a modest expansion. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Telephone Apparatus Production in Lithuania

In value terms, telephone apparatus production dropped rapidly to $X in 2022 estimated in export price. Over the period under review, production saw a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 615% against the previous year. As a result, production reached the peak level of $X, and then declined notably in the following year.

Telephone Apparatus Exports

Exports from Lithuania

Telephone apparatus exports from Lithuania rose significantly to X tons in 2022, surging by 14% compared with the previous year. Over the period under review, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 40% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, telephone apparatus exports expanded sharply to $X in 2022. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 65% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Latvia (X tons), Russia (X tons) and Estonia (X tons) were the main destinations of telephone apparatus exports from Lithuania, with a combined 14% share of total exports. The UK, Germany, Poland, Ukraine, Italy, the Netherlands, Sweden, the Czech Republic, France and Denmark lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +52.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for telephone apparatus exported from Lithuania were Latvia ($X), Estonia ($X) and Germany ($X), together comprising 56% of total exports. Poland, Russia, Ukraine, the UK, Italy, Sweden, the Netherlands, France, Denmark and the Czech Republic lagged somewhat behind, together accounting for a further 24%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +49.9%, 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 2021, the average telephone apparatus export price amounted to $X per ton, waning by -9.1% against the previous year. In general, export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, telephone apparatus export price increased by +6.5% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 49%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Apparatus Imports

Imports into Lithuania

In 2022, purchases abroad of telephone apparatus decreased by -7.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 when imports increased by 30% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then fell in the following year.

In value terms, telephone apparatus imports fell notably to $X in 2022. Over the period under review, imports, however, posted a prominent increase. The growth pace was the most rapid in 2017 when imports increased by 33% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell notably in the following year.

Imports by Country

China (X tons), the Czech Republic (X tons) and Germany (X tons) were the main suppliers of telephone apparatus imports to Lithuania, with a combined 22% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +29.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Germany ($X) and the Czech Republic ($X) constituted the largest telephone apparatus suppliers to Lithuania, together comprising 65% of total imports.

The Czech Republic, with a CAGR of +35.0%, recorded 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 2021, the average telephone apparatus import price amounted to $X per ton, with an increase of 4.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2015 an increase of 23%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Latvia ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform