Lithuania: Festive Articles Market 2024

Festive Articles Market Size in Lithuania

The Lithuanian festive articles market expanded significantly to $X in 2022, increasing by X% against the previous year. Overall, consumption continues to indicate a strong expansion. Festive articles consumption peaked in 2022 and is expected to retain growth in years to come.

Festive Articles Production in Lithuania

In value terms, festive articles production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded a significant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production attained the peak level in 2022 and is expected to retain growth in the immediate term.

Festive Articles Exports

Exports from Lithuania

In 2022, exports of festive or carnival articles from Lithuania surged to X tons, with an increase of X% against the year before. Overall, exports saw prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, festive articles exports totaled $X in 2022. In general, exports posted a resilient increase. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for festive articles exports from Lithuania, accounting for a X% share of total exports. Moreover, festive articles exports to Germany exceeded the volume sent to the second major destination, Latvia (X tons), fivefold. Poland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Poland (X% per year).

In value terms, Germany ($X) remains the key foreign market for festive or carnival articles exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Latvia ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the average festive articles export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price showed a noticeable decrease. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Kazakhstan ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Festive Articles Imports

Imports into Lithuania

In 2022, the amount of festive or carnival articles imported into Lithuania contracted slightly to X tons, which is down by X% compared with 2021 figures. In general, total imports indicated a temperate 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 decreased by X% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, festive articles imports skyrocketed to $X in 2022. Overall, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), China (X tons) and Germany (X tons) were the main suppliers of festive articles imports to Lithuania, with a combined X% share of total imports.

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

In value terms, China ($X), Poland ($X) and the Netherlands ($X) appeared to be the largest festive articles suppliers to Lithuania, together comprising X% of total imports.

In terms of the main suppliers, Poland, with a CAGR of X%, recorded 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 festive articles import price amounted to $X per ton, surging by X% against the previous year. Overall, import price indicated a tangible expansion 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. Based on 2022 figures, festive articles import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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

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

Source: IndexBox Platform

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