Lithuania: Telephone Market 2024

Telephone Market Size in Lithuania

The Lithuanian telephone market surged to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption, however, recorded a abrupt contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Telephone Production in Lithuania

In value terms, telephone production totaled $X in 2022 estimated in export price. Overall, production, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Telephone production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Telephone Exports

Exports from Lithuania

In 2022, overseas shipments of telephones and videophones increased by X% to X units, rising for the second year in a row after two years of decline. In general, exports continue to indicate strong growth. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, telephone exports rose sharply to $X in 2022. Over the period under review, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X units) was the main destination for telephone exports from Lithuania, with a X% share of total exports. Moreover, telephone exports to Estonia exceeded the volume sent to the second major destination, Latvia (X units), threefold. The third position in this ranking was held by Russia (X units), with a X% share.

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

In value terms, Latvia ($X) emerged as the key foreign market for telephones and videophones exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Estonia ($X), with a X% share of total exports. It was followed by Norway, with a X% share.

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

Export Prices by Country

The average telephone export price stood at $X per unit in 2022, falling by X% against the previous year. Overall, the export price saw a deep slump. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Estonia ($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 Latvia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Telephone Imports

Imports into Lithuania

After three years of decline, overseas purchases of telephones and videophones increased by X% to X units in 2022. Over the period under review, imports recorded a measured expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, telephone imports surged to $X in 2022. In general, imports continue to indicate a slight expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Latvia (X units) constituted the largest supplier of telephone to Lithuania, with a X% share of total imports. Moreover, telephone imports from Latvia exceeded the figures recorded by the second-largest supplier, Germany (X units), tenfold. The third position in this ranking was taken by China (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Latvia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).

In value terms, Latvia ($X) constituted the largest supplier of telephones and videophones to Lithuania, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Latvia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average telephone import price stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the import price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices attained the maximum at $X per unit in 2021, and then fell notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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