Lithuania: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2024

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Lithuania

After five years of growth, the Lithuanian electric oven and cooker market decreased by X% to $X in 2022. In general, consumption, however, showed strong growth. As a result, consumption attained the peak level of $X, and then declined in the following year.

Production of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Lithuania

In value terms, electric oven and cooker production fell notably to $X in 2022 estimated in export price. In general, production, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then contracted dramatically in the following year.

Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports from Lithuania

For the third year in a row, Lithuania recorded growth in overseas shipments of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters, which increased by X% to X units in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, electric oven and cooker exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

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

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

In value terms, Latvia ($X), Kazakhstan ($X) and Russia ($X) appeared to be the largest markets for electric oven and cooker exported from Lithuania worldwide, together accounting for X% of total exports. Estonia, Poland, Germany, Kyrgyzstan, Armenia, Israel, Uzbekistan and Belarus lagged somewhat behind, together comprising a further X%.

Armenia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2022, the average electric oven and cooker export price amounted to $X per unit, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Kazakhstan ($X per unit), while the average price for exports to Latvia ($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 Armenia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports into Lithuania

After two years of growth, overseas purchases of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by X% to X units in 2022. Overall, imports, however, showed prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then shrank modestly in the following year.

In value terms, electric oven and cooker imports shrank slightly to $X in 2022. In general, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then contracted slightly in the following year.

Imports by Country

In 2022, Poland (X units) constituted the largest supplier of electric oven and cooker to Lithuania, accounting for a X% share of total imports. Moreover, electric oven and cooker imports from Poland exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Germany (X units) ranked third in terms of total imports with a X% share.

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

In value terms, Poland ($X) constituted the largest supplier of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters to Lithuania, comprising X% of total imports. The second position in the ranking was taken by Sweden ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Italy (X% per year).

Import Prices by Country

The average electric oven and cooker import price stood at $X per unit in 2022, falling by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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