Lithuania: Microwave Oven Market 2024

Microwave Oven Market Size in Lithuania

The Lithuanian microwave oven market contracted significantly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption saw a abrupt downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Microwave Oven Production in Lithuania

In value terms, microwave oven production contracted notably to $X in 2022 estimated in export price. In general, production saw a sharp setback. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Microwave oven production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Microwave Oven Exports

Exports from Lithuania

In 2022, shipments abroad of microwave ovens increased by X% to X units, rising for the sixth consecutive year after two years of decline. Overall, exports saw prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, microwave oven exports soared to $X in 2022. Over the period under review, exports enjoyed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Latvia (X units), Poland (X units) and Estonia (X units) were the main destinations of microwave oven exports from Lithuania, together comprising X% of total exports. Russia, Germany, Armenia, Kyrgyzstan, Uzbekistan, Kazakhstan and Hungary lagged somewhat behind, together comprising 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 Armenia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Russia ($X) and Germany ($X) were the largest markets for microwave oven exported from Lithuania worldwide, together comprising X% of total exports. Poland, Estonia, Kyrgyzstan, Kazakhstan, Uzbekistan, Armenia and Hungary lagged somewhat behind, together comprising a further X%.

Armenia, with a CAGR of X%, saw 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

The average microwave oven export price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price, however, recorded a mild curtailment. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 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 Kazakhstan ($X per unit), while the average price for exports to Poland ($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 Kyrgyzstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Microwave Oven Imports

Imports into Lithuania

After five years of growth, supplies from abroad of microwave ovens decreased by X% to X units in 2022. Over the period under review, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X units in 2021, and then fell notably in the following year.

In value terms, microwave oven imports soared to $X in 2022. In general, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Poland (X units), Latvia (X units) and China (X units) were the main suppliers of microwave oven imports to Lithuania, with a combined X% share of total imports. Malaysia, Sweden, Italy, Spain and Germany lagged somewhat behind, together comprising a further X%.

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

In value terms, Poland ($X), Sweden ($X) and Latvia ($X) were the largest microwave oven suppliers to Lithuania, together accounting for X% of total imports. Malaysia, China, Italy, Spain and Germany lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Spain, 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

The average microwave oven import price stood at $X per unit in 2022, jumping by X% against the previous year. In general, import price indicated buoyant 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, microwave oven import price increased by X% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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