Report Update: May 1, 2024

Lithuania - Refrigerating or Freezing Display Counters, Cabinets, Show-cases - Market Analysis, Forecast, Size, Trends And Insights

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Refrigerating Show-Cases Price in Lithuania - 2023

Refrigerating Show-Cases Price in Lithuania (FOB) - 2023

The average refrigerating show-cases export price stood at $1,720 per unit in October 2023, picking up by 8.8% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in February 2023 an increase of 42% month-to-month. As a result, the export price attained the peak level of $1,994 per unit; afterwards, it flattened through to October 2023.

There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Denmark ($4,647 per unit), while the average price for exports to Italy ($409 per unit) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerating Show-Cases Price in Lithuania (CIF) - 2023

The average refrigerating show-cases import price stood at $2,009 per unit in October 2023, increasing by 3.2% against the previous month. Overall, import price indicated a notable expansion from October 2022 to October 2023: its price increased at an average monthly rate of +3.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, refrigerating show-cases import price increased by +65.9% against August 2023 indices. The pace of growth was the most pronounced in September 2023 an increase of 61% m-o-m. Over the period under review, average import prices hit record highs in October 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Hungary ($5,718 per unit), while the price for Finland ($227 per unit) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Ukraine (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Refrigerating Show-Cases Exports in Lithuania

In 2022, shipments abroad of refrigerating or freezing display counters, cabinets, show-cases decreased by -12.7% to 57K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. As a result, the exports attained the peak of 65K units, and then dropped in the following year.

In value terms, refrigerating show-cases exports declined to $64M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.6% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 65% against the previous year. As a result, the exports reached the peak of $70M, and then dropped in the following year.

Export of Refrigerating Show-Cases in Lithuania (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	5.1	7.8	13.6	13.5	38.3%
Poland	2.7	4.2	13.8	8.0	43.6%
Switzerland	2.4	3.4	4.3	4.6	24.2%
Norway	1.8	1.9	2.8	4.2	32.6%
Russia	5.4	5.1	4.8	3.9	-10.3%
Latvia	2.8	2.4	2.8	3.5	7.7%
Netherlands	1.0	1.2	2.2	2.6	37.5%
Sweden	1.4	1.2	1.8	2.4	19.7%
Italy	0.5	0.3	0.7	1.1	30.1%
Czech Republic	1.2	0.8	1.1	0.9	-9.1%
Romania	0.4	0.4	0.9	0.8	26.0%
Hungary	0.3	0.2	0.1	0.5	18.6%
Bulgaria	0.8	1.0	0.9	0.4	-20.6%
Others	14.4	12.7	20.3	17.7	7.1%
Total	40.0	42.5	70.2	64.2	17.1%

Top Export Markets for Refrigerating Show-Cases from Lithuania in 2022:

Germany (11.6K units)
Poland (10.2K units)
Russia (4.2K units)
Switzerland (4.0K units)
Italy (3.2K units)
Czech Republic (3.1K units)
Romania (2.8K units)
Hungary (2.0K units)
Latvia (1.7K units)
Netherlands (1.6K units)
Norway (1.6K units)
Sweden (1.1K units)
Bulgaria (0.9K units)

Refrigerating Show-Cases Imports in Lithuania

In 2022, after three years of growth, there was significant decline in overseas purchases of refrigerating or freezing display counters, cabinets, show-cases, when their volume decreased by -32.1% to 15K units. Over the period under review, total imports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +4.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +14.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, imports attained the peak of 22K units, and then dropped rapidly in the following year.

In value terms, refrigerating show-cases imports contracted significantly to $19M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.4% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 54% against the previous year. As a result, imports attained the peak of $25M, and then contracted remarkably in the following year.

Import of Refrigerating Show-Cases in Lithuania (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Czech Republic	0.9	1.2	1.8	5.3	80.6%
Italy	3.3	3.2	3.5	2.4	-10.1%
Poland	2.0	2.5	3.1	1.7	-5.3%
Finland	0.8	0.7	1.2	1.4	20.5%
Belarus	1.5	1.4	6.4	1.3	-4.7%
Austria	1.1	1.6	0.9	1.2	2.9%
Denmark	1.1	0.6	0.8	1.0	-3.1%
Russia	1.5	1.2	1.6	1.0	-12.6%
Germany	0.6	0.8	1.6	0.8	10.1%
China	0.2	0.1	0.4	0.6	44.2%
Latvia	0.1	0.6	0.6	0.5	71.0%
Turkey	0.1	N/A	0.2	0.3	44.2%
Spain	0.1	0.1	0.1	0.3	44.2%
Others	1.9	2.4	3.1	1.5	-7.6%
Total	15.1	16.4	25.3	19.3	8.5%

Top Suppliers of Refrigerating Show-Cases to Lithuania in 2022:

Denmark (1.7K units)
Poland (1.7K units)
Czech Republic (1.6K units)
Italy (1.5K units)
Austria (1.4K units)
Finland (1.2K units)
Russia (1.2K units)
China (1.1K units)
Turkey (0.5K units)
Belarus (0.5K units)
Latvia (0.5K units)
Germany (0.4K units)
Spain (0.3K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the refrigerating show-cases market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28251333 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator for frozen food storage
Prodcom 28251335 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator (excluding for frozen food storage)
Prodcom 28251360 - Refrigerating furniture with a refrigerating unit or evaporator (excluding combined refrigerator-freezers, with separate external doors, household refrigerators, refrigerated showcases and counters)

Country coverage:

Lithuania

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Lithuania
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023