Lithuania: Metal Gas Appliances Market 2024

Metal Gas Appliances Market Size in Lithuania

The Lithuanian metal gas appliances market reduced sharply to $X in 2022, declining by -28.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a remarkable increase. As a result, consumption reached the peak level of $X, and then contracted notably in the following year.

Metal Gas Appliances Exports

Exports from Lithuania

In 2022, approx. X units of iron or steel gas domestic appliances were exported from Lithuania; surging by 61% against 2021 figures. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 349%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, metal gas appliances exports expanded significantly to $X in 2022. Overall, exports, however, recorded a mild setback. The most prominent rate of growth was recorded in 2017 when exports increased by 152%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Latvia (X units), Estonia (X units) and the United States (X units) were the main destinations of metal gas appliances exports from Lithuania, with a combined 68% share of total exports. Sweden, Switzerland, Ukraine and Russia lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +1,222.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal gas appliances exported from Lithuania were Latvia ($X), Ukraine ($X) and Estonia ($X), together comprising 67% of total exports. The United States, Russia, Switzerland and Sweden lagged somewhat behind, together accounting for a further 18%.

Switzerland, with a CAGR of +404.1%, saw the highest growth rate of the value of exports, in terms of 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 metal gas appliances export price amounted to $X per unit, waning by -29.6% against the previous year. In general, the export price showed a deep downturn. The pace of growth was the most pronounced in 2015 an increase of 65%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a 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 Ukraine ($X per unit), while the average price for exports to Sweden ($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 (-1.8%), while the prices for the other major destinations experienced a decline.

Metal Gas Appliances Imports

Imports into Lithuania

In 2022, the amount of iron or steel gas domestic appliances imported into Lithuania contracted rapidly to X units, falling by -33.5% against 2021. Overall, imports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 331% against the previous year. As a result, imports reached the peak of X units, and then reduced dramatically in the following year.

In value terms, metal gas appliances imports dropped to $X in 2022. Over the period under review, imports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 133%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, China (X units) constituted the largest metal gas appliances supplier to Lithuania, accounting for a 62% share of total imports. Moreover, metal gas appliances imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), sixfold. The third position in this ranking was held by Poland (X units), with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+6.6% per year) and Poland (+3.3% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel gas domestic appliances to Lithuania, comprising 49% of total imports. The second position in the ranking was held by Poland ($X), with a 14% share of total imports. It was followed by Italy, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+5.3% per year) and Italy (-0.6% per year).

Import Prices by Country

The average metal gas appliances import price stood at $X per unit in 2022, increasing by 40% against the previous year. Over the period under review, the import price, however, showed a pronounced contraction. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :