Lithuania: Gloves Market 2024

Gloves Market Size in Lithuania

The Lithuanian gloves market skyrocketed to $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Gloves consumption peaked in 2022 and is expected to retain growth in the immediate term.

Gloves Production in Lithuania

In value terms, gloves production surged to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt descent. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Gloves Exports

Exports from Lithuania

In 2022, after four years of growth, there was significant decline in overseas shipments of gloves, mittens and mitts, when their volume decreased by X% to X pairs. In general, exports, however, enjoyed noticeable growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X pairs in 2021, and then reduced in the following year.

In value terms, gloves exports shrank sharply to $X in 2022. Overall, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X pairs) was the main destination for gloves exports from Lithuania, accounting for a X% share of total exports. Moreover, gloves exports to Latvia exceeded the volume sent to the second major destination, Estonia (X pairs), sixfold. Russia (X pairs) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for gloves exported from Lithuania were Latvia ($X), Russia ($X) and Kazakhstan ($X), with a combined X% share of total exports. Estonia, Spain, Belarus and Slovakia lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average gloves export price amounted to $X per pair, reducing by X% against the previous year. Over the period under review, the export price saw a abrupt decline. The growth pace was the most rapid in 2017 when the average export price increased by X%. The export price peaked at $X per pair in 2012; however, from 2013 to 2022, the 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 ($X per pair), while the average price for exports to Latvia ($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 Russia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Gloves Imports

Imports into Lithuania

In 2022, the amount of gloves, mittens and mitts imported into Lithuania soared to X pairs, jumping by X% against 2021 figures. Over the period under review, total imports indicated a buoyant 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 2014 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, gloves imports expanded significantly to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Pakistan (X pairs), India (X pairs) and Poland (X pairs) were the main suppliers of gloves imports to Lithuania, together accounting for X% of total imports.

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

In value terms, Pakistan ($X), India ($X) and Poland ($X) appeared to be the largest gloves suppliers to Lithuania, with a combined X% share of total imports.

In terms of the main suppliers, Pakistan, 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

The average gloves import price stood at $X per pair in 2022, almost unchanged from the previous year. Overall, the import price continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per pair. From 2019 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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