Lithuania: Carpet Market 2024

Carpet Market Size in Lithuania

The Lithuanian carpet market rose markedly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption saw a strong expansion. Carpet consumption peaked in 2022 and is expected to retain growth in years to come.

Carpet Production in Lithuania

In value terms, carpet production dropped to $X in 2022 estimated in export price. In general, production, however, posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Carpet production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Carpet Exports

Exports from Lithuania

In 2022, the amount of carpets and other textile floor coverings exported from Lithuania surged to X square meters, with an increase of X% on the previous year's figure. In general, total exports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X square meters in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, carpet exports amounted to $X in 2022. Over the period under review, total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X square meters) was the main destination for carpet exports from Lithuania, with a X% share of total exports. Moreover, carpet exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X square meters), eightfold. Latvia (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Latvia (X% per year).

In value terms, Russia ($X) remains the key foreign market for carpets and other textile floor coverings exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with an X% share of total exports. It was followed by Uzbekistan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

In 2022, the average carpet export price amounted to $X per square meter, shrinking by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per square meter in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Kazakhstan ($X per square meter), while the average price for exports to Latvia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (X%), while the prices for the other major destinations experienced more modest paces of growth.

Carpet Imports

Imports into Lithuania

In 2022, approx. X square meters of carpets and other textile floor coverings were imported into Lithuania; with an increase of X% compared with 2021. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2014 indices. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, carpet imports rose rapidly to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2014 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X square meters), Poland (X square meters) and the Netherlands (X square meters) were the main suppliers of carpet imports to Lithuania, together comprising X% of total imports. Latvia, France, Turkey, Denmark, Germany, Egypt, the UK, Italy and India lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest carpet suppliers to Lithuania were Belgium ($X), Poland ($X) and the Netherlands ($X), together comprising X% of total imports. Denmark, France, Germany, Turkey, the UK, Italy, Latvia, Egypt and India lagged somewhat behind, together comprising a further X%.

France, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average carpet import price stood at $X per square meter in 2022, declining by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per square meter in 2016; however, from 2017 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 ($X per square meter), while the price for Egypt ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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