Report Update: May 1, 2024

Lithuania - Wooden Frames For Paintings, Photographs, Mirrors Or Similar Objects - Market Analysis, Forecast, Size, Trends And Insights

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Wooden Frame Price in Lithuania - 2023

Wooden Frame Price in Lithuania (FOB) - 2023

In September 2023, the average wooden frame export price amounted to $3.0 per unit, waning by -17.6% against the previous month. In general, the export price saw a perceptible decline. The growth pace was the most rapid in November 2022 when the average export price increased by 222% month-to-month. As a result, the export price attained the peak level of $4.9 per unit. From December 2022 to September 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Estonia ($11.2 per unit), while the average price for exports to Sweden ($1.9 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Frame Price in Lithuania (CIF) - 2022

In 2022, the average wooden frame import price amounted to $3.9 per unit, dropping by -17.4% against the previous year. Over the period under review, the import price, however, saw a prominent increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 67% against the previous year. The import price peaked at $4.7 per unit in 2021, and then shrank markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($5.7 per unit), while the price for Ukraine ($1.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Wooden Frame Exports in Lithuania

In 2022, shipments abroad of wooden frames for paintings, photographs, mirrors or similar objects decreased by -26% to 469K units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 24% against the previous year. Over the period under review, the exports attained the maximum at 634K units in 2021, and then declined dramatically in the following year.

In value terms, wooden frame exports dropped rapidly to $2M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +5.2% 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 +16.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 44%. As a result, the exports reached the peak of $2.8M, and then shrank dramatically in the following year.

Export of Wooden Frame in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	319	640	1,235	861	39.2%
Latvia	193	270	235	343	21.1%
Estonia	180	223	205	183	0.6%
Denmark	165	123	177	147	-3.8%
United States	N/A	0.6	N/A	136	1405.5%
Norway	368	417	323	55.8	-46.7%
Russia	192	79.9	126	54.7	-34.2%
Austria	26.0	37.9	66.4	45.1	20.2%
Belarus	50.4	9.8	26.4	0.3	-81.9%
Others	210	143	398	160	-8.7%
Total	1,704	1,943	2,793	1,987	5.3%

Top Export Markets for Wooden Frame from Lithuania in 2022:

Sweden (202.1K units)
Latvia (78.7K units)
Denmark (54.4K units)
United States (37.8K units)
Estonia (33.7K units)
Norway (14.6K units)
Austria (8.8K units)
Russia (4.8K units)
Belarus (0.1K units)

Wooden Frame Imports in Lithuania

In 2022, approx. 305K units of wooden frames for paintings, photographs, mirrors or similar objects were imported into Lithuania; picking up by 9.7% compared with 2021. The total import volume increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wooden frame imports dropped to $1.2M in 2022. The total import value increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. As a result, imports attained the peak of $1.3M, and then reduced in the following year.

Import of Wooden Frame in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	253	243	303	372	13.7%
Italy	392	235	592	269	-11.8%
Belarus	0.5	1.8	N/A	83.9	451.6%
Latvia	28.3	125	48.2	80.6	41.7%
Spain	132	102	82.7	80.0	-15.4%
Germany	84.4	71.7	85.7	76.5	-3.2%
Sweden	N/A	23.2	37.4	72.2	76.4%
Ukraine	14.2	26.9	15.1	47.6	49.7%
China	64.0	36.5	36.7	27.3	-24.7%
Others	95.7	79.9	104	74.2	-8.1%
Total	1,064	944	1,305	1,183	3.6%

Top Suppliers of Wooden Frame to Lithuania in 2022:

Poland (104.7K units)
Italy (50.1K units)
Latvia (27.9K units)
Ukraine (24.9K units)
Belarus (24.7K units)
Germany (23.1K units)
Sweden (12.6K units)
Spain (11.5K units)
China (9.3K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the wooden frame 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 16291420 - Wooden frames for paintings, photographs, mirrors or similar objects

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