Report Update: May 1, 2024

Lithuania - Woven Carpets And Other Woven Textile Coverings - Market Analysis, Forecast, Size, Trends And Insights

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Woven Carpet Price in Lithuania - 2023

Woven Carpet Price in Lithuania (CIF) - 2022

In 2022, the average woven carpet import price amounted to $11 per square meter, declining by -9.1% against the previous year. In general, the import price, however, recorded mild growth. The pace of growth was the most pronounced in 2016 an increase of 58%. As a result, import price attained the peak level of $16 per square meter. From 2017 to 2022, the average import prices failed to regain momentum.

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 the Netherlands ($22 per square meter), while the price for China ($4 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Woven Carpet Price in Lithuania (FOB) - 2023

In September 2023, the average woven carpet export price amounted to $22.3 per square meter, surging by 214% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The export price peaked at $30.5 per square meter in December 2022; however, from January 2023 to September 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Russia ($124 per square meter), while the average price for exports to Poland ($4.6 per square meter) 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 Russia (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Woven Carpet Imports in Lithuania

In 2022, approx. 508K square meters of woven carpets and other woven textile coverings were imported into Lithuania; picking up by 31% against 2021 figures. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 41% against the previous year. As a result, imports reached the peak of 537K square meters. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, woven carpet imports skyrocketed to $5.8M in 2022. The total import value increased at an average annual rate of +10.8% over the period 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 imports increased by 20% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Woven Carpet in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	696	1,093	910	1,310	23.5%
Turkey	506	874	835	1,036	27.0%
Belgium	957	761	995	807	-5.5%
Germany	262	254	324	511	24.9%
Latvia	186	300	184	364	25.1%
Estonia	482	188	384	313	-13.4%
Egypt	157	440	41.4	295	23.4%
India	182	176	163	109	-15.7%
Others	851	1,061	1,056	1,071	8.0%
Total	4,277	5,147	4,892	5,816	10.8%

Top Suppliers of Woven Carpet to Lithuania in 2022:

Poland (114.9K square meters)
Turkey (97.2K square meters)
Belgium (72.0K square meters)
Egypt (49.3K square meters)
Latvia (45.3K square meters)
Germany (40.9K square meters)
Estonia (24.7K square meters)
India (14.9K square meters)

Woven Carpet Exports in Lithuania

In 2022, after two years of decline, there was significant growth in shipments abroad of woven carpets and other woven textile coverings, when their volume increased by 54% to 79K square meters. Overall, exports, however, recorded a abrupt slump. Over the period under review, the exports hit record highs at 94K square meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, woven carpet exports contracted to $1.4M in 2022. Over the period under review, exports, however, showed a pronounced descent. The smallest decline of -0.2% was in 2021. The exports peaked at $1.5M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Woven Carpet in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Kazakhstan	57.3	98.8	141	461	100.4%
Russia	1,015	927	727	358	-29.3%
Belarus	143	190	279	205	12.8%
Latvia	126	82.5	62.9	86.4	-11.8%
Iceland	42.7	36.1	40.6	38.0	-3.8%
Turkey	N/A	N/A	61.4	37.9	-38.3%
Estonia	72.7	23.4	27.3	27.5	-27.7%
Others	86.5	89.7	105	177	27.0%
Total	1,543	1,447	1,444	1,391	-3.4%

Top Export Markets for Woven Carpet from Lithuania in 2022:

Kazakhstan (30.6K square meters)
Russia (13.4K square meters)
Latvia (12.3K square meters)
Belarus (10.9K square meters)
Estonia (3.1K square meters)
Turkey (3.0K square meters)
Iceland (2.0K square meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the woven carpet 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 13931200 - Woven carpets and other woven textile coverings (excluding tufted or flocked)

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