Lithuania: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in Lithuania

The Lithuanian umbrella and walking-stick market expanded sharply to $X in 2022, increasing by 9.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a strong increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Umbrella And Walking-Stick Exports

Exports from Lithuania

In 2022, approx. X units of umbrellas and walking-sticks were exported from Lithuania; declining by -31.8% on 2021 figures. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 15%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, umbrella and walking-stick exports reduced markedly to $X in 2022. Overall, exports recorded a pronounced descent. The pace of growth was the most pronounced in 2013 when exports increased by 37% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units), Latvia (X units) and Belarus (X units) were the main destinations of umbrella and walking-stick exports from Lithuania, together comprising 67% of total exports. Poland, Kazakhstan and Estonia lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +63.4%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for umbrella and walking-stick exported from Lithuania were Russia ($X), Latvia ($X) and Kazakhstan ($X), with a combined 56% share of total exports. Poland, Belarus and Estonia lagged somewhat behind, together comprising a further 28%.

In terms of the main countries of destination, Poland, with a CAGR of +56.3%, saw the highest rates of growth with regard to 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

The average umbrella and walking-stick export price stood at $X per unit in 2022, waning by -21.3% against the previous year. Overall, the export price, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2013 an increase of 39%. The export price peaked at $X per unit in 2021, and then fell notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Belarus ($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 Kazakhstan (+32.1%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella And Walking-Stick Imports

Imports into Lithuania

In 2022, supplies from abroad of umbrellas and walking-sticks increased by 12% to X units, rising for the second year in a row after three years of decline. Overall, imports, however, saw a pronounced slump. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, umbrella and walking-stick imports reduced to $X in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.0% against 2018 indices. The pace of growth was the most pronounced in 2021 when imports increased by 43%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

China (X units), Poland (X units) and Germany (X units) were the main suppliers of umbrella and walking-stick imports to Lithuania, together comprising 55% of total imports. Italy, Latvia, Austria and the Netherlands lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +16.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest umbrella and walking-stick suppliers to Lithuania were China ($X), Poland ($X) and Germany ($X), together comprising 60% of total imports.

In terms of the main suppliers, Poland, with a CAGR of +19.1%, recorded the highest growth rate of 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

The average umbrella and walking-stick import price stood at $X per unit in 2022, with a decrease of -19.5% against the previous year. Overall, the import price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 an increase of 35% against the previous year. As a result, import price reached the peak level of $X per unit, and then shrank dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform