Lithuania: Plastic Furniture Market 2024

Plastic Furniture Market Size in Lithuania

The Lithuanian plastic furniture market soared to $X in 2022, rising by X% against the previous year. Over the period under review, consumption, however, continues to indicate a deep reduction. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Plastic Furniture Production in Lithuania

In value terms, plastic furniture production rose markedly to $X in 2022 estimated in export price. In general, production saw significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production hit record highs in 2022 and is likely to continue growth in the near future.

Plastic Furniture Exports

Exports from Lithuania

In 2022, overseas shipments of furniture of plastic decreased by X% to X units, falling for the fourth consecutive year after two years of growth. Over the period under review, exports, however, enjoyed slight growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic furniture exports fell slightly to $X in 2022. Overall, total exports indicated notable 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 2020 indices. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Latvia (X units), Turkey (X units) and Estonia (X units) were the main destinations of plastic furniture exports from Lithuania, with a combined X% share of total exports. Uzbekistan, Sweden, France, Russia, the United States and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic furniture exported from Lithuania were Latvia ($X), Turkey ($X) and Russia ($X), together accounting for X% of total exports.

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average plastic furniture export price amounted to $X per unit, picking up by X% against the previous year. In general, the export price posted a modest increase. The growth pace was the most rapid in 2020 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to France ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Imports

Imports into Lithuania

After two years of decline, purchases abroad of furniture of plastic increased by X% to X units in 2022. In general, imports enjoyed a moderate increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, plastic furniture imports rose markedly to $X in 2022. Overall, imports showed a strong increase. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Italy (X units) constituted the largest plastic furniture supplier to Lithuania, accounting for a X% share of total imports. Moreover, plastic furniture imports from Italy exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Germany (X% per year).

In value terms, Italy ($X), Poland ($X) and Germany ($X) were the largest plastic furniture suppliers to Lithuania, together accounting for X% of total imports. Latvia, Sweden, China, Israel, Hungary, Turkey, Belarus and the Czech Republic lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Hungary, with a CAGR of X%, recorded the highest rates of growth with regard to 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 plastic furniture import price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price, however, recorded prominent growth. The growth pace was the most rapid in 2020 when the average import price increased by X%. The import price peaked at $X per unit in 2021, and then reduced modestly in the following year.

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

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

Source: IndexBox Platform

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