Lithuania: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in Lithuania

The Lithuanian wooden kitchen furniture market skyrocketed to $X in 2022, growing by 122% against the previous year. Overall, consumption, however, showed a perceptible descent. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Wooden Kitchen Furniture Production in Lithuania

In value terms, wooden kitchen furniture production surged to $X in 2022 estimated in export price. Overall, production recorded a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 45%. Wooden kitchen furniture production peaked in 2022 and is expected to retain growth in the near future.

Wooden Kitchen Furniture Exports

Exports from Lithuania

In 2022, the amount of wooden furniture for kitchens exported from Lithuania fell dramatically to X units, declining by -36.5% against the previous year. In general, exports showed a perceptible setback. The pace of growth appeared the most rapid in 2013 with an increase of 32%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, wooden kitchen furniture exports rose significantly to $X in 2022. Overall, exports, however, posted strong growth. The pace of growth was the most pronounced in 2021 when exports increased by 64%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Denmark (X units), Germany (X units) and the United States (X units) were the main destinations of wooden kitchen furniture exports from Lithuania, together comprising 36% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +21.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden kitchen furniture exported from Lithuania were Denmark ($X), Germany ($X) and the United States ($X), together comprising 37% of total exports.

In terms of the main countries of destination, Denmark, with a CAGR of +34.2%, 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 2022, the average wooden kitchen furniture export price amounted to $X per unit, growing by 74% against the previous year. Overall, the export price enjoyed a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to the United Arab Emirates ($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 (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Kitchen Furniture Imports

Imports into Lithuania

In 2022, purchases abroad of wooden furniture for kitchens was finally on the rise to reach X units after four years of decline. Overall, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +9.1% 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 2013 with an increase of 74%. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, wooden kitchen furniture imports rose remarkably to $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +8.7% 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 +25.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 92% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Poland (X units), Italy (X units) and Germany (X units) were the main suppliers of wooden kitchen furniture imports to Lithuania, with a combined 85% share of total imports. Belarus, Ukraine, Russia, Latvia and the UK lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +109.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden kitchen furniture suppliers to Lithuania were Poland ($X), Italy ($X) and Germany ($X), with a combined 85% share of total imports. Belarus, Ukraine, Russia, Latvia and the UK lagged somewhat behind, together accounting for a further 12%.

Russia, with a CAGR of +116.5%, saw the highest growth rate of the value of imports, among 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 wooden kitchen furniture import price amounted to $X per unit, increasing by 2.3% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 21%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat 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 Latvia ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform