Lithuania: Market for Domestic, Non-Electric, Cooking Or Heating Appliances 2024

Market Size for Domestic, Non-Electric, Cooking Or Heating Appliances in Lithuania

In 2022, the Lithuanian market for domestic, non-electric, cooking or heating appliances was finally on the rise to reach $X after two years of decline. Over the period under review, consumption posted a noticeable expansion. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Domestic, Non-Electric, Cooking Or Heating Appliances in Lithuania

In value terms, production of domestic, non-electric, cooking or heating appliances soared to $X in 2022 estimated in export price. In general, production, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production of attained the maximum level in 2022 and is likely to see gradual growth in the near future.

Exports of Domestic, Non-Electric, Cooking Or Heating Appliances

Exports from Lithuania

In 2022, overseas shipments of domestic, non-electric, cooking or heating appliances decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at X units in 2021, and then contracted remarkably in the following year.

In value terms, exports of domestic, non-electric, cooking or heating appliances fell markedly to $X in 2022. In general, exports saw a noticeable descent. The pace of growth was the most pronounced in 2020 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Latvia (X units), Estonia (X units) and Germany (X units) were the main destinations of exports of domestic, non-electric, cooking or heating appliances from Lithuania.

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

In value terms, Estonia ($X), Latvia ($X) and Germany ($X) constituted the largest markets for domestic, non-electric, cooking or heating appliance exported from Lithuania worldwide, together comprising X% of total exports. The Netherlands, Russia, Poland, the UK, Finland, Belarus, Norway, Ireland and Ukraine lagged somewhat behind, together accounting for a further X%.

Finland, with a CAGR of X%, recorded 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 export price for domestic, non-electric, cooking or heating appliances stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 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 the Netherlands ($X per unit), while the average price for exports to Norway ($X per unit) was amongst the lowest.

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

Imports of Domestic, Non-Electric, Cooking Or Heating Appliances

Imports into Lithuania

In 2022, supplies from abroad of domestic, non-electric, cooking or heating appliances increased by X% to X units, rising for the second year in a row after two years of decline. Overall, total imports indicated a tangible 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 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of domestic, non-electric, cooking or heating appliances dropped to $X in 2022. Over the period under review, imports, however, recorded a slight reduction. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X units), Latvia (X units) and Poland (X units) were the main suppliers of imports of domestic, non-electric, cooking or heating appliances to Lithuania.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Latvia ($X) and China ($X) were the largest domestic, non-electric, cooking or heating appliance suppliers to Lithuania, with a combined X% share of total imports.

Among the main suppliers, Latvia, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 import price for domestic, non-electric, cooking or heating appliances amounted to $X per unit, falling by X% against the previous year. Overall, the import price showed a perceptible contraction. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Italy ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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