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Lithuania - Microwave Ovens - Market Analysis, Forecast, Size, Trends and Insights
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Lithuania: Microwave Oven Market Overview 2020

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Microwave Oven Market Size in Lithuania

The revenue of the microwave oven market in Lithuania amounted to $X in 2018, reducing by -X% against the previous year. Over the period under review, microwave oven consumption, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Over the period under review, the microwave oven market reached its maximum level at $X in 2016; however, from 2017 to 2018, consumption stood at a somewhat lower figure.

Microwave Oven Production in Lithuania

In value terms, microwave oven production stood at $X in 2018 estimated in export prices. In general, microwave oven production, however, continues to indicate remarkable growth. The most prominent rate of growth was recorded in 2009 when production volume increased by X% y-o-y. Over the period under review, microwave oven production reached its maximum level at $X in 2016; however, from 2017 to 2018, production remained at a lower figure.

Microwave Oven Exports

Exports from Lithuania

Microwave oven exports from Lithuania stood at X units in 2018, rising by X% against the previous year. Overall, microwave oven exports continue to indicate a measured increase. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, microwave oven exports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, microwave oven exports amounted to $X in 2018. In general, microwave oven exports continue to indicate a remarkable expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% y-o-y. Over the period under review, microwave oven exports reached their peak figure at $X in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China was the major exporting country with an export of around X units, which reached X% of total exports. Malaysia (X units) ranks second in terms of the total exports with a X% share, followed by Thailand (X%). The following exporters - Germany (X units), Belarus (X units) and the UK (X units) - each reached a X% share of total exports.

China experienced a relatively flat trend pattern of microwave ovens exports. At the same time, Belarus (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Thailand (-X%), Germany (-X%) and the UK (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) and Malaysia (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Germany (-X p.p.) and Thailand (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest microwave oven supplier from Lithuania, comprising X% of global exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of global exports. It was followed by Thailand, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Thailand (-X% per year).

Export Prices by Country

In 2018, the microwave oven export price in Lithuania amounted to $X per unit, surging by X% against the previous year. Over the period under review, the microwave oven export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 an increase of X% y-o-y. Lithuania export price peaked at $X per unit in 2013; however, from 2014 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Microwave Oven Imports

Imports into Lithuania

Microwave oven imports into Lithuania stood at X units in 2018, jumping by X% against the previous year. Overall, microwave oven imports continue to indicate a modest increase. The growth pace was the most rapid in 2012 when imports increased by X% y-o-y. Lithuania imports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, microwave oven imports stood at $X in 2018. Overall, microwave oven imports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. Over the period under review, microwave oven imports reached their maximum at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

The U.S. was the key importer of microwave ovens in the world, with the volume of imports recording X units, which was approx. X% of total imports in 2018. Japan (X units) held the second position in the ranking, followed by the UK (X units) and Russia (X units). All these countries together occupied near X% share of total imports. Mexico (X units), France (X units), Brazil (X units), Germany (X units), Canada (X units), Spain (X units), South Korea (X units) and Australia (X units) held a relatively small share of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, South Korea (+X%), Brazil (+X%), Russia (+X%), Mexico (+X%), Japan (+X%) and Australia (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Canada and France experienced a relatively flat trend pattern. By contrast, the UK (-X%), Spain (-X%) and Germany (-X%) illustrated a downward trend over the same period. While the share of Japan (+X p.p.), the U.S. (+X p.p.), Russia (+X p.p.) and South Korea (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of the UK (-X p.p.), Spain (-X p.p.) and Germany (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported microwave ovens into Lithuania, comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

In the U.S., microwave oven imports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Japan (+X% per year) and the UK (-X% per year).

Import Prices by Country

The microwave oven import price in Lithuania stood at $X per unit in 2018, waning by -X% against the previous year. In general, the microwave oven import price continues to indicate a measured decrease. The most prominent rate of growth was recorded in 2014 when the import price increased by X% y-o-y. In that year, the import prices for microwave ovens reached their peak level of $X per unit. From 2015 to 2018, the growth in terms of the import prices for microwave ovens remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per unit), while Mexico ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 27512700 - Domestic microwave ovens

This report provides an in-depth analysis of the microwave oven market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Country coverage:
• Lithuania

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Lithuania
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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