Lithuania: Non-Combined Refrigerator-Freezer Market 2024

Non-Combined Refrigerator-Freezer Market Size in Lithuania

In 2022, the Lithuanian non-combined refrigerator-freezer market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, enjoyed buoyant growth. Over the period under review, the market hit record highs at $X in 2021, and then fell rapidly in the following year.

Non-Combined Refrigerator-Freezer Production in Lithuania

In value terms, non-combined refrigerator-freezer production declined sharply to $X in 2022 estimated in export price. In general, production saw a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Non-Combined Refrigerator-Freezer Exports

Exports from Lithuania

In 2022, shipments abroad of household refrigerators and freezers (not combined) decreased by X% to X units, falling for the second year in a row after four years of growth. In general, exports continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-combined refrigerator-freezer exports reduced remarkably to $X in 2022. Over the period under review, exports recorded a perceptible downturn. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Latvia (X units), Germany (X units) and Austria (X units) were the main destinations of non-combined refrigerator-freezer exports from Lithuania, together comprising X% of total exports. Estonia, the Czech Republic, Ukraine, Kazakhstan, Poland, Russia, Italy, Bulgaria, Kyrgyzstan and Portugal lagged somewhat behind, together accounting for a further X%.

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, the largest markets for non-combined refrigerator-freezer exported from Lithuania were Latvia ($X), Germany ($X) and Kazakhstan ($X), together accounting for X% of total exports. Estonia, Austria, the Czech Republic, Russia, Poland, Ukraine, Italy, Kyrgyzstan, Bulgaria and Portugal lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Kyrgyzstan, 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

In 2022, the average non-combined refrigerator-freezer export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price attained 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 ($X per unit), while the average price for exports to Bulgaria ($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 Kyrgyzstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Combined Refrigerator-Freezer Imports

Imports into Lithuania

After six years of growth, supplies from abroad of household refrigerators and freezers (not combined) decreased by X% to X units in 2022. Overall, imports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs at X units in 2021, and then fell sharply in the following year.

In value terms, non-combined refrigerator-freezer imports shrank markedly to $X in 2022. In general, imports, however, enjoyed 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 shrank dramatically in the following year.

Imports by Country

In 2022, Latvia (X units) constituted the largest supplier of non-combined refrigerator-freezer to Lithuania, accounting for a X% share of total imports. Moreover, non-combined refrigerator-freezer imports from Latvia exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold. The third position in this ranking was taken by Turkey (X units), with a X% share.

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

In value terms, Latvia ($X) constituted the largest supplier of household refrigerators and freezers (not combined) to Lithuania, comprising X% of total imports. The second position in the ranking was held by Poland ($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 Latvia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average non-combined refrigerator-freezer import price amounted to $X per unit, approximately reflecting the previous year. Overall, the import price recorded a slight decrease. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per unit), while the price for Finland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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