Price for Household or Laundry-Type Washing Machine in Lithuania - 2023
Contents:
- Price for Household or Laundry-Type Washing Machine in Lithuania (CIF) - 2023
- Price for Household or Laundry-Type Washing Machine in Lithuania (FOB) - 2023
- Imports of Household or Laundry-Type Washing Machine in Lithuania
- Exports of Household or Laundry-Type Washing Machine in Lithuania
Price for Household or Laundry-Type Washing Machine in Lithuania (CIF) - 2023
In August 2023, the average import price for household or laundry-type washing machines amounted to $376 per unit, shrinking by -4.7% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average import price increased by 19% month-to-month. The import price peaked at $483 per unit in April 2023; however, from May 2023 to August 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the countries with the highest prices were Latvia ($421 per unit) and Sweden ($389 per unit), while the price for Turkey ($282 per unit) and Italy ($292 per unit) were amongst the lowest.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Sweden (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Household or Laundry-Type Washing Machine in Lithuania (FOB) - 2023
In August 2023, the average export price for household or laundry-type washing machines amounted to $495 per unit, picking up by 10% against the previous month. Over the period under review, export price indicated mild growth from September 2022 to August 2023: its price increased at an average monthly rate of +1.4% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, household or laundry-type washing machine export price increased by +10.0% against July 2023 indices. The most prominent rate of growth was recorded in October 2022 an increase of 45% m-o-m. Over the period under review, the average export prices hit record highs at $756 per unit in March 2023; however, from April 2023 to August 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Kyrgyzstan ($1,412 per unit), while the average price for exports to Belgium ($315 per unit) was amongst the lowest.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Household or Laundry-Type Washing Machine in Lithuania
In 2022, approx. 187K units of household or laundry-type washing machines were imported into Lithuania; growing by 37% compared with the previous year. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2020 when imports increased by 373% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, household or laundry-type washing machine imports rose significantly to $50M in 2022. The total import value increased at an average annual rate of +10.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Household or Laundry-Type Washing Machine in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 9.2 | 13.5 | 13.8 | 17.1 | 23.0% |
| Italy | 5.7 | 5.3 | 8.9 | 12.9 | 31.3% |
| Poland | 11.9 | 11.1 | 10.0 | 9.0 | -8.9% |
| Sweden | 3.0 | 3.1 | 2.3 | 2.7 | -3.5% |
| China | 1.0 | 1.2 | 2.3 | 2.5 | 35.7% |
| Romania | N/A | 0.1 | 0.9 | 0.9 | 200.0% |
| Turkey | 2.2 | 2.1 | 1.1 | 0.6 | -35.2% |
| Others | 4.0 | 4.3 | 6.6 | 4.2 | 1.6% |
| Total | 37.0 | 40.8 | 45.8 | 49.9 | 10.5% |
Top Suppliers of Household or Laundry-Type Washing Machine to Lithuania in 2022:
- Latvia (60.8K units)
- Poland (48.4K units)
- Italy (36.5K units)
- Sweden (11.9K units)
- China (10.4K units)
- Romania (5.1K units)
- Turkey (2.7K units)
Exports of Household or Laundry-Type Washing Machine in Lithuania
In 2022, the amount of household or laundry-type washing machines exported from Lithuania soared to 53K units, growing by 65% against 2021. In general, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +16.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, household or laundry-type washing machine exports skyrocketed to $28M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +18.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.7% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Household or Laundry-Type Washing Machine in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 7.8 | 7.2 | 7.4 | 6.6 | -5.4% |
| Latvia | 3.9 | 5.1 | 4.6 | 5.3 | 10.8% |
| Kazakhstan | 0.1 | 0.1 | 0.1 | 4.3 | 250.3% |
| Estonia | 1.4 | 1.5 | 1.5 | 2.0 | 12.6% |
| Uzbekistan | N/A | N/A | N/A | 1.8 | 0% |
| France | 0.1 | 0.7 | 1.1 | 1.6 | 152.0% |
| Kyrgyzstan | N/A | 0.1 | 0.2 | 0.9 | 200.0% |
| Israel | 2.3 | 3.0 | 0.3 | 0.8 | -29.7% |
| Belarus | 0.2 | 0.4 | 0.3 | 0.7 | 51.8% |
| Poland | 0.2 | 0.2 | 0.1 | 0.5 | 35.7% |
| Finland | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.5 | 0.5 | 0.9 | 2.8 | 77.6% |
| Total | 16.5 | 18.8 | 16.6 | 27.6 | 18.7% |
Top Export Markets for Household or Laundry-Type Washing Machine from Lithuania in 2022:
- Latvia (16.1K units)
- Russia (11.4K units)
- Estonia (5.9K units)
- Kazakhstan (5.1K units)
- Uzbekistan (2.2K units)
- Israel (1.6K units)
- Poland (1.5K units)
- Belarus (1.4K units)
- Kyrgyzstan (1.0K units)
- Finland (0.8K units)
- France (0.8K units)
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