Lithuania - Furniture Designed To Receive Refrigerating Or Freezing Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefrigerator or Freezer Price in Lithuania - 2023
Contents:
- Refrigerator or Freezer Price in Lithuania (CIF) - 2022
- Refrigerator or Freezer Price in Lithuania (FOB) - 2022
- Refrigerator or Freezer Imports in Lithuania
- Refrigerator or Freezer Exports in Lithuania
Refrigerator or Freezer Price in Lithuania (CIF) - 2022
In 2022, the average refrigerator or freezer import price amounted to $5.2 per unit, growing by 95% against the previous year. Over the period under review, the import price, however, showed a pronounced decline. The import price peaked at $6.8 per unit in 2012; however, from 2013 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 Finland ($28 per unit), while the price for Russia ($1.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Refrigerator or Freezer Price in Lithuania (FOB) - 2022
In 2022, the average refrigerator or freezer export price amounted to $5.2 per unit, growing by 18% against the previous year. Overall, the export price posted a noticeable expansion. The most prominent rate of growth was recorded in 2019 an increase of 59%. As a result, the export price attained the peak level of $9 per unit. From 2020 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($9.5 per unit), while the average price for exports to Latvia ($2.6 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 the Netherlands (+8.4%), while the prices for the other major destinations experienced mixed trend patterns.
Refrigerator or Freezer Imports in Lithuania
In 2022, approx. 68K units of furniture designed to receive refrigerating or freezing equipment were imported into Lithuania; falling by -64% compared with the year before. In general, imports saw a sharp reduction. The growth pace was the most rapid in 2021 when imports increased by 25% against the previous year. As a result, imports reached the peak of 189K units, and then fell notably in the following year.
In value terms, refrigerator or freezer imports declined notably to $355K in 2022. Over the period under review, imports showed a deep reduction. The growth pace was the most rapid in 2021 with an increase of 31%. As a result, imports attained the peak of $506K, and then declined remarkably in the following year.
| Import of Refrigerator or Freezer in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 155 | 242 | 323 | 218 | 12.0% |
| Austria | N/A | N/A | N/A | 64.7 | 0% |
| Sweden | 31.5 | N/A | 2.5 | 33.1 | 1.7% |
| Russia | 61.7 | 119 | 172 | 13.0 | -40.5% |
| Czech Republic | N/A | 1.5 | N/A | 10.5 | 164.6% |
| Poland | 4.1 | 16.4 | 7.3 | 6.0 | 13.5% |
| Turkey | 94.3 | 6.6 | N/A | N/A | -93.0% |
| Others | 130 | 1.1 | N/A | 10.1 | -57.3% |
| Total | 476 | 387 | 506 | 355 | -9.3% |
Top Suppliers of Refrigerator or Freezer to Lithuania in 2022:
- Italy (41.3K units)
- Sweden (8.1K units)
- Russia (7.8K units)
- Austria (5.9K units)
- Poland (1.9K units)
- Czech Republic (1.1K units)
Refrigerator or Freezer Exports in Lithuania
In 2022, overseas shipments of furniture designed to receive refrigerating or freezing equipment decreased by -68.7% to 24K units, falling for the second year in a row after two years of growth. In general, exports showed a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 87%. As a result, the exports attained the peak of 79K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, refrigerator or freezer exports fell markedly to $124K in 2022. Overall, exports showed a precipitous decline. The smallest decline of -2.3% was in 2021. The exports peaked at $381K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Refrigerator or Freezer in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 8.8 | N/A | 13.2 | 63.7 | 93.4% |
| Russia | 107 | 8.1 | 4.2 | 37.7 | -29.4% |
| United Kingdom | 0.7 | N/A | 74.4 | 21.2 | 211.7% |
| Latvia | N/A | 182 | 193 | 0.3 | -95.9% |
| Estonia | 172 | 108 | 25.0 | 0.2 | -89.5% |
| Kazakhstan | 27.4 | 47.0 | 27.2 | N/A | -0.4% |
| Belarus | 48.3 | 0.1 | 0.8 | N/A | -87.1% |
| Others | 16.9 | 0.1 | N/A | 1.0 | -61.0% |
| Total | 381 | 346 | 338 | 124 | -31.2% |
Top Export Markets for Refrigerator or Freezer from Lithuania in 2022:
- Norway (15.5K units)
- Russia (5.7K units)
- United Kingdom (2.2K units)
- Latvia (0.1K units)
This report provides an in-depth analysis of the refrigerator or freezer market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28253030 - Furniture designed to receive refrigerating or freezing equipment (including evaporators, complete refrigerating units)
Country coverage:
- Lithuania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Lithuania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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