Lithuania: Levels Market 2024

Levels Market Size in Lithuania

In 2022, after ten years of growth, there was significant decline in the Lithuanian levels market, when its value decreased by X% to $X. Overall, consumption saw a slight reduction. As a result, consumption reached the peak level of $X, and then reduced markedly in the following year.

Levels Production in Lithuania

In value terms, levels production dropped sharply to $X in 2022 estimated in export price. Overall, production showed a pronounced reduction. The growth pace was the most rapid in 2018 when the production volume increased by X%. Levels production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Levels Exports

Exports from Lithuania

In 2022, shipments abroad of levels increased by X% to X units, rising for the third year in a row after two years of decline. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, levels exports declined slightly to $X in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then shrank modestly in the following year.

Exports by Country

Kyrgyzstan (X units) was the main destination for levels exports from Lithuania, accounting for a X% share of total exports. Moreover, levels exports to Kyrgyzstan exceeded the volume sent to the second major destination, Latvia (X units), twofold. Estonia (X units) 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 Kyrgyzstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Estonia (X% per year).

In value terms, the largest markets for levels exported from Lithuania were Estonia ($X), Latvia ($X) and Germany ($X), together comprising X% of total exports. Denmark, Belarus, Sweden, Finland, Russia, Kyrgyzstan and Poland lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Sweden, with a CAGR of X%, saw the highest rates of growth with regard to 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 levels export price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price saw a abrupt slump. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then dropped markedly in the following year.

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

Levels Imports

Imports into Lithuania

Levels imports into Lithuania dropped notably to X units in 2022, shrinking by X% on the year before. Overall, imports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 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, levels imports dropped to $X in 2022. Over the period under review, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

Germany (X units), Poland (X units) and Latvia (X units) were the main suppliers of levels imports to Lithuania, together accounting for X% of total imports. China, the Netherlands, Estonia and Finland lagged somewhat behind, together accounting for a further X%.

From 2019 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

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

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 levels import price amounted to $X per unit, jumping by X% against the previous year. In general, the import price posted significant growth. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2019 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform