Lithuania: Footwear Market 2024

Footwear Market Size in Lithuania

The Lithuanian footwear market rose significantly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption posted a buoyant increase. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Footwear Production in Lithuania

In value terms, footwear production rose remarkably to $X in 2022 estimated in export price. In general, the total production indicated a pronounced increase 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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Footwear Exports

Exports from Lithuania

In 2022, the amount of footwear exported from Lithuania fell modestly to X pairs, remaining constant against 2021. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X pairs. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, footwear exports surged to $X in 2022. Overall, exports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Latvia (X pairs), Kazakhstan (X pairs) and Russia (X pairs) were the main destinations of footwear exports from Lithuania, together comprising X% of total exports. Estonia, Germany, Poland, Belarus and the UK lagged somewhat behind, together comprising a further X%.

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

In value terms, Russia ($X), Poland ($X) and Latvia ($X) constituted the largest markets for footwear exported from Lithuania worldwide, together comprising X% of total exports.

Among the main countries of destination, Poland, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average footwear export price stood at $X per pair in 2022, jumping by X% against the previous year. In general, export price indicated strong 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. Based on 2022 figures, footwear export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per pair), while the average price for exports to the UK ($X per pair) was amongst the lowest.

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

Footwear Imports

Imports into Lithuania

After two years of decline, purchases abroad of footwear increased by X% to X pairs in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X pairs in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, footwear imports expanded notably to $X in 2022. Overall, total imports indicated prominent 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

China (X pairs), Poland (X pairs) and Germany (X pairs) were the main suppliers of footwear imports to Lithuania, with a combined X% share of total imports. The Netherlands, Italy, Latvia, Turkey and Estonia lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest footwear suppliers to Lithuania were Poland ($X), Germany ($X) and Italy ($X), together comprising X% of total imports. The Netherlands, China, Latvia, Turkey and Estonia lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 footwear import price amounted to $X per pair, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 ($X per pair), while the price for China ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform

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