Lithuania: Market for Vacuum Cleaners Without Motor 2025

Market Size for Vacuum Cleaners Without Motor in Lithuania

The Lithuanian vacuum cleaner without motor market declined sharply to $X in 2022, waning by -19.3% against the previous year. Over the period under review, consumption, however, continues to indicate a slight setback. As a result, consumption reached the peak level of $X, and then fell remarkably in the following year.

Production of Vacuum Cleaners Without Motor in Lithuania

In value terms, vacuum cleaner without motor production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when the production volume increased by 20% against the previous year. Vacuum cleaner without motor production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Vacuum Cleaners Without Motor

Exports from Lithuania

In 2022, after two years of growth, there was decline in overseas shipments of vacuum cleaners without motor, when their volume decreased by -1.7% to X units. Over the period under review, exports, however, posted a strong expansion. The growth pace was the most rapid in 2014 with an increase of 145% against the previous year. The exports peaked at X units in 2021, and then fell in the following year.

In value terms, vacuum cleaner without motor exports dropped to $X in 2022. Overall, exports, however, showed a resilient increase. The growth pace was the most rapid in 2020 with an increase of 191% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted in the following year.

Exports by Country

Latvia (X units), Hong Kong SAR (X units) and Germany (X units) were the main destinations of vacuum cleaner without motor exports from Lithuania, together accounting for 61% of total exports. Estonia, Italy, the Netherlands, Kazakhstan, Russia, Denmark and Spain lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +266.5%), while the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X) remains the key foreign market for vacuum cleaners without motor exports from Lithuania, comprising 28% of total exports. The second position in the ranking was held by Germany ($X), with a 13% share of total exports. It was followed by Estonia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Latvia stood at +25.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+73.0% per year) and Estonia (+33.9% per year).

Export Prices by Country

The average vacuum cleaner without motor export price stood at $X per unit in 2022, falling by -5.9% against the previous year. Overall, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 104%. The export price peaked at $X per unit in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Hong Kong SAR ($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 Denmark (+63.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Cleaners Without Motor

Imports into Lithuania

In 2022, approx. X units of vacuum cleaners without motor were imported into Lithuania; picking up by 32% on 2021. Overall, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 91%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, vacuum cleaner without motor imports fell to $X in 2022. Over the period under review, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2020 when imports increased by 90% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

Poland (X units), Germany (X units) and Latvia (X units) were the main suppliers of vacuum cleaner without motor imports to Lithuania, with a combined 77% share of total imports. China, Turkey, Italy and Sweden lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +43.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X) constituted the largest supplier of vacuum cleaners without motor to Lithuania, comprising 56% of total imports. The second position in the ranking was taken by Germany ($X), with a 21% share of total imports. It was followed by Poland, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Latvia stood at +24.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+22.0% per year) and Poland (+18.9% per year).

Import Prices by Country

The average vacuum cleaner without motor import price stood at $X per unit in 2022, falling by -31.2% against the previous year. In general, the import price, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2019 an increase of 53%. The import price peaked at $X per unit in 2021, and then dropped notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform