Lithuania: Domestic Toaster Market 2024

Domestic Toaster Market Size in Lithuania

The Lithuanian domestic toaster market rose sharply to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, enjoyed a remarkable increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Domestic Toaster Production in Lithuania

In value terms, domestic toaster production rose remarkably to $X in 2022 estimated in export price. Overall, production, however, enjoyed a strong increase. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Domestic Toaster Exports

Exports from Lithuania

In 2022, overseas shipments of domestic electric toasters increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total exports indicated a mild increase from 2012 to 2022: its volume 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. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, domestic toaster exports surged to $X in 2022. In general, total exports indicated buoyant growth from 2012 to 2022: its value 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, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Latvia (X units), Estonia (X units) and Kyrgyzstan (X units) were the main destinations of domestic toaster exports from Lithuania, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kyrgyzstan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Estonia ($X) and Finland ($X) appeared to be the largest markets for domestic toaster exported from Lithuania worldwide, with a combined X% share of total exports.

Among the main countries of destination, Finland, with a CAGR of X%, recorded the highest growth rate of 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 domestic toaster export price stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then contracted in the following year.

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

Domestic Toaster Imports

Imports into Lithuania

In 2022, purchases abroad of domestic electric toasters increased by X% to X units, rising for the third year in a row after two years of decline. In general, total imports indicated a measured expansion from 2012 to 2022: its volume 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, domestic toaster imports rose markedly to $X in 2022. Overall, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2015 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Poland (X units), China (X units) and Latvia (X units) were the main suppliers of domestic toaster imports to Lithuania, with a combined X% share of total imports. Estonia, Germany, the Czech Republic and Sweden 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 Estonia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest domestic toaster suppliers to Lithuania were China ($X), Poland ($X) and Latvia ($X), with a combined X% share of total imports. Estonia, Germany, the Czech Republic and Sweden lagged somewhat behind, together accounting for a further X%.

Estonia, with a CAGR of X%, saw the highest rates of growth with regard to 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 domestic toaster import price amounted to $X per unit, growing by X% against the previous year. Over the period under review, import price indicated a resilient increase 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, domestic toaster import price increased by X% against 2016 indices. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

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 Czech Republic ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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