Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Lithuania - 2023
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Lithuania (FOB) - 2023
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Lithuania (CIF) - 2022
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Lithuania
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Lithuania
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Lithuania (FOB) - 2023
In November 2023, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $50.9 per unit, surging by 4.3% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $53.8 per unit in May 2023; however, from June 2023 to November 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Denmark ($73.7 per unit), while the average price for exports to Canada ($39.9 per unit) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Lithuania (CIF) - 2022
The average import price for furniture; wooden, other than for office, kitchen or bedroom use stood at $61 per unit in 2022, declining by -5.6% against the previous year. Overall, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by less than 0.1% against the previous year. Over the period under review, average import prices reached the maximum at $117 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($524 per unit), while the price for Belarus ($32 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Lithuania
In 2022, approx. 22M units of furniture; wooden, other than for office, kitchen or bedroom use were exported from Lithuania; with an increase of 4.9% on the previous year's figure. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2021 with an increase of 105%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use skyrocketed to $1B in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.3% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 111 | 96.5 | 106 | 136 | 7.0% |
| United States | 35.7 | 42.4 | 95.4 | 132 | 54.6% |
| Germany | 75.5 | 84.7 | 98.6 | 117 | 15.7% |
| France | 25.5 | 32.9 | 47.4 | 71.0 | 40.7% |
| Sweden | 62.6 | 60.8 | 54.8 | 65.6 | 1.6% |
| Spain | 28.9 | 31.5 | 46.6 | 57.4 | 25.7% |
| Netherlands | 28.6 | 32.0 | 41.5 | 57.2 | 26.0% |
| Poland | 42.0 | 39.8 | 49.7 | 50.1 | 6.1% |
| Italy | 33.6 | 26.6 | 38.5 | 43.7 | 9.2% |
| Denmark | 17.2 | 22.9 | 31.8 | 37.5 | 29.7% |
| Belgium | 15.4 | 16.0 | 18.8 | 24.0 | 15.9% |
| Canada | 6.8 | 6.8 | 12.5 | 21.9 | 47.7% |
| Romania | 1.9 | 2.7 | 7.4 | 18.2 | 112.4% |
| Others | 151 | 158 | 194 | 193 | 8.5% |
| Total | 635 | 654 | 843 | 1,025 | 17.3% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Lithuania in 2022:
- United Kingdom (3.2M units)
- United States (2.9M units)
- Germany (2.6M units)
- France (1.7M units)
- Sweden (1.4M units)
- Netherlands (1.3M units)
- Poland (1.3M units)
- Spain (1.2M units)
- Italy (1.0M units)
- Belgium (0.6M units)
- Canada (0.5M units)
- Romania (0.5M units)
- Denmark (0.5M units)
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Lithuania
For the fourth year in a row, Lithuania recorded growth in overseas purchases of furniture; wooden, other than for office, kitchen or bedroom use, which increased by 13% to 1.2M units in 2022. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 64%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use expanded remarkably to $71M in 2022. The total import value increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 20.3 | 23.4 | 30.4 | 31.3 | 15.5% |
| Italy | 9.9 | 9.7 | 8.1 | 11.6 | 5.4% |
| Belarus | 1.3 | 1.8 | 2.6 | 8.0 | 83.3% |
| Latvia | 4.0 | 3.6 | 2.8 | 3.7 | -2.6% |
| Germany | 3.6 | 2.4 | 2.9 | 3.3 | -2.9% |
| Sweden | 1.0 | 2.5 | 5.2 | 2.5 | 35.7% |
| Russia | 1.4 | 1.8 | 2.7 | 1.4 | 0.0% |
| Ukraine | 1.7 | 1.8 | 1.8 | 1.3 | -8.6% |
| Others | 12.1 | 11.1 | 10.3 | 8.4 | -11.5% |
| Total | 55.3 | 58.0 | 66.8 | 71.4 | 8.9% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Lithuania in 2022:
- Poland (625.7K units)
- Belarus (254.6K units)
- Latvia (64.2K units)
- Sweden (51.4K units)
- Russia (36.9K units)
- Germany (28.4K units)
- Ukraine (28.2K units)
- Italy (22.0K units)
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