Lithuania: Safety Headgear Market 2024

Safety Headgear Market Size in Lithuania

The Lithuanian safety headgear market soared to $X in 2022, rising by X% against the previous year. Overall, consumption saw pronounced growth. Safety headgear consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Safety Headgear Production in Lithuania

In value terms, safety headgear production stood at $X in 2022 estimated in export price. Overall, production, however, continues to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X%. Safety headgear production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Safety Headgear Exports

Exports from Lithuania

In 2022, overseas shipments of safety headgear increased by X% to X units for the first time since 2016, thus ending a five-year declining trend. In general, exports, however, continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, safety headgear exports skyrocketed to $X in 2022. Over the period under review, exports showed strong growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for safety headgear exports from Lithuania, with a X% share of total exports. Moreover, safety headgear exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X units), tenfold. Latvia (X units) ranked third in terms of total exports with a X% share.

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

In value terms, Russia ($X) remains the key foreign market for safety headgear exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports. It was followed by Latvia, with a X% share.

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

Export Prices by Country

In 2022, the average safety headgear export price amounted to $X per unit, increasing by X% against the previous year. Overall, the export price recorded significant growth. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

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

Safety Headgear Imports

Imports into Lithuania

Safety headgear imports into Lithuania skyrocketed to X units in 2022, growing by X% against the previous year's figure. In general, imports, however, faced a abrupt contraction. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, safety headgear imports skyrocketed to $X in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), the Czech Republic (X units) and the Netherlands (X units) were the main suppliers of safety headgear imports to Lithuania, with a combined X% share of total imports. Poland, Estonia, Germany, Italy, Israel, Latvia, the UK, Taiwan (Chinese) and Finland lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest safety headgear suppliers to Lithuania were China ($X), Italy ($X) and Israel ($X), with a combined X% share of total imports.

Israel, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 safety headgear import price amounted to $X per unit, rising by X% against the previous year. Overall, the import price recorded a significant expansion. The pace of growth appeared the most rapid in 2020 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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

From 2012 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

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