Lithuania: Vacuum Cleaner Market 2020

Vacuum Cleaner Market Size in Lithuania

The revenue of the vacuum cleaner market in Lithuania amounted to $X in 2018, rising by X% 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). Over the period under review, vacuum cleaner consumption, however, continues to indicate a slight increase. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, the vacuum cleaner market attained its maximum level in 2018 and is likely to see steady growth in the immediate term.

Vacuum Cleaner Exports

Exports from Lithuania

In 2018, the vacuum cleaner exports from Lithuania amounted to X units, growing by X% against the previous year. Over the period under review, vacuum cleaner exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. In that year, vacuum cleaner exports attained their peak of X units. From 2013 to 2018, the growth of vacuum cleaner exports failed to regain its momentum.

In value terms, vacuum cleaner exports amounted to $X in 2018. In general, vacuum cleaner exports continue to indicate resilient growth. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. In that year, vacuum cleaner exports attained their peak of $X. From 2013 to 2018, the growth of vacuum cleaner exports failed to regain its momentum.

Exports by Country

China was the main exporting country with an export of about X units, which amounted to X% of total exports. It was distantly followed by Malaysia (X units) and Germany (X units), together committing a X% share of total exports. The following exporters - Vietnam (X units), Hungary (X units), Romania (X units) and Mexico (X units) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to vacuum cleaner exports from China stood at +X%. At the same time, Romania (+X%), Vietnam (+X%), Malaysia (+X%), Germany (+X%) and Hungary (+X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Mexico (-X%) illustrated a downward trend over the same period. Malaysia (+X p.p.), China (+X p.p.), Germany (+X p.p.), Vietnam (+X p.p.) and Romania (+X p.p.) significantly strengthened its position in terms of the global exports, while Mexico saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest vacuum cleaner supplier from Lithuania, comprising X% of global exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

In China, vacuum cleaner exports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Germany (+X% per year).

Export Prices by Country

The vacuum cleaner export price in Lithuania stood at $X per unit in 2018, declining by -X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. Lithuania export price peaked at $X per unit in 2011; however, from 2012 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced mixed trends in the export price figures.

Vacuum Cleaner Imports

Imports into Lithuania

Vacuum cleaner imports into Lithuania totaled X units in 2018, picking up by X% against the previous year. In general, the total imports indicated slight growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, vacuum cleaner imports increased by +X% against 2011 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Lithuania imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, vacuum cleaner imports amounted to $X in 2018. In general, vacuum cleaner imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, vacuum cleaner imports reached their peak figure in 2018 and are likely to continue its growth in the near future.

Imports by Country

In 2018, the U.S. (X units) was the major importer of vacuum cleaners, mixing up X% of total imports. It was distantly followed by Germany (X units), Japan (X units), the UK (X units) and France (X units), together generating a X% share of total imports. Russia (X units), Australia (X units), the Netherlands (X units), Canada (X units), Italy (X units), Belgium (X units) and Spain (X units) followed a long way behind the leaders.

The U.S. experienced a relatively flat trend pattern of vacuum cleaners imports. At the same time, Australia (+X%), the Netherlands (+X%), Germany (+X%), Japan (+X%), France (+X%), Spain (+X%) and Russia (+X%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Belgium, Canada, Italy and the UK experienced a relatively flat trend pattern. Germany (+X p.p.), Japan (+X p.p.), the U.S. (+X p.p.) and Australia (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported vacuum cleaners into Lithuania, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Japan, with a X% share.

In the U.S., vacuum cleaner imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Japan (+X% per year).

Import Prices by Country

The vacuum cleaner import price in Lithuania stood at $X per unit in 2018, picking up by X% against the previous year. Over the period under review, the import price indicated remarkable growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, vacuum cleaner import price increased by +X% against 2014 indices. The growth pace was the most rapid in 2011 an increase of X% y-o-y. Over the period under review, the import prices for vacuum cleaners attained their peak figure in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Canada ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform