Lithuania: Toy Market 2024

Toy Market Size in Lithuania

In 2022, the Lithuanian toy market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption, however, posted a resilient increase. Toy consumption peaked at $X in 2021, and then reduced in the following year.

Toy Production in Lithuania

In value terms, toy production skyrocketed to $X in 2022 estimated in export price. Overall, production saw a noticeable downturn. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Toy Exports

Exports from Lithuania

In 2022, shipments abroad of dolls and toys increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, toy exports surged to $X in 2022. Overall, exports recorded a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Latvia (X tons), Russia (X tons) and Estonia (X tons) were the main destinations of toy exports from Lithuania, with a combined X% share of total exports. Poland, the UK, Kazakhstan, the United States, Kyrgyzstan, the Czech Republic, France, Finland and Germany lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for toy exported from Lithuania were Russia ($X), Latvia ($X) and Estonia ($X), with a combined X% share of total exports. Kazakhstan, the United States, Poland, Kyrgyzstan, France, the UK, Finland, Germany and the Czech Republic lagged somewhat behind, together accounting for a further X%.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average toy export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price 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. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

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

Toy Imports

Imports into Lithuania

In 2022, approx. X tons of dolls and toys were imported into Lithuania; approximately mirroring the year before. Over the period under review, total imports indicated a remarkable increase 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 2012 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, toy imports stood at $X in 2022. In general, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of toy imports to Lithuania, with a combined X% share of total imports. Italy, Latvia, Estonia, Denmark, Belgium, the Netherlands, the Czech Republic, Luxembourg and the UK lagged somewhat behind, together accounting for a further X%.

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

In value terms, China ($X), Poland ($X) and Latvia ($X) appeared to be the largest toy suppliers to Lithuania, with a combined X% share of total imports. Estonia, Denmark, Germany, the Czech Republic, Italy, Luxembourg, Belgium, the Netherlands and the UK lagged somewhat behind, together accounting for a further X%.

Luxembourg, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average toy import price amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :