Market research

Jewellery market in Lithuania

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

Report language:

Report language:

Submission method: to your account

File format: docx, xlsx

Single Report

$500

Instant access to detailed data on one specific market
Ideal for one-off tasks: niche assessments, presentations, investment decisions
Available in Excel and Word in 15 minutes after purchase
Cheaper than subscription, but each market requires a separate purchase

Best if you know exactly what you need

Buy a single report

Platform Subscription

from$600

Complete and unlimited data access across products and regions
Includes continuous data updates during subscription period
Download reports instantly in Word, and Excel formats
More cost-effective for multiple markets or regular analysis

Ideal for regular data users

View pricing plans

Earlier Report Observations

The Lithuanian jewellery market expanded from $15.3 million in 2018 to $30.2 million in 2021. Traditional small-scale workshops using imported materials characterized local production, with 14K gold remaining popular for its durability. The sharp rise in 2021 coincided with global fashion trends and shifting consumer preferences, which boosted demand for jewellery.

Market growth paused in 2022, stabilizing near $30.4 million. Geopolitical uncertainty from the Russia-Ukraine war increased demand for precious metals as a safe-haven investment, but supply shortages from metal producers and global supply chain disruptions linked to China's COVID-19 policies constrained raw material availability. Rising gold and silver prices also altered consumer spending patterns.

After remaining flat at $30.4 million in 2023, the market resumed growth, reaching $32.4 million in 2024.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2018-2024
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Lithuania
  1. 5.1.1. In value, 2018-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In value, 2018-2024, K $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, kg
    1. 6.1.2.1. Annual dynamics of product's exports from Lithuania in kind, 2018-2025, kg
    2. 6.1.2.2. Dynamics of product's exports in kind from Lithuania by countries, 2018-2025, kg
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Lithuania in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Lithuania by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Lithuania, 2018-2025, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Lithuania by countries, 2018-2025, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, kg
    1. 6.2.2.1. Annual dynamics of product's exports from Lithuania in kind, 2018-2025, kg
    2. 6.2.2.2. Dynamics of product's exports in kind from Lithuania by countries, 2018-2025, kg
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Lithuania in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Lithuania by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Lithuania, 2018-2025, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Lithuania by countries, 2018-2025, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, kg
    1. 7.1.2.1. Annual dynamics of product's imports to Lithuania in kind, 2018-2025, kg
    2. 7.1.2.2. Dynamics of product's imports in kind to Lithuania by countries, 2018-2025, kg
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Lithuania in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Lithuania by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Lithuania, 2018-2025, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Lithuania by countries, 2018-2025, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, kg
    1. 7.2.2.1. Annual dynamics of product's imports to Lithuania in kind, 2018-2025, kg
    2. 7.2.2.2. Dynamics of product's imports in kind to Lithuania by countries, 2018-2025, kg
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Lithuania in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Lithuania by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Lithuania, 2018-2025, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Lithuania by countries, 2018-2025, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, kg
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, kg
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production jewellery in Lithuania

In value, 2018-2021, K $ US

Lithuania's jewellery production has grown for the second year in a row. In 2021, output reached 5 233 thousand US dollars, marking a strong year-on-year increase of 24.7%. Between 2018 and 2021, production rose by 9.9%, which translates to an average annual growth rate of 3.2%. The lowest value was recorded in 2019 at 3 724 thousand US dollars, with the largest decline that year of 21.8%.

Annual dynamics of production in Lithuania in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(21.8%)	12.6%	24.7%	3.2%

Source: SHEV.io

Exports jewellery from Lithuania

Exports in kind, kg

Lithuania's jewellery exports have increased after two years of decline. In 2021, exports totalled 2 458 kilograms, up 1.8% from the previous year. Over the period from 2018 to 2021, exports fell by 41.5%, with a compound annual growth rate of -16.4%. The lowest value was in 2020 at 2 413 kilograms, while the largest drop occurred in 2019 with a 34.3% decrease.

Annual dynamics of product's exports from Lithuania in kind, 2018-2021, kg

Parameter		2019	2020	2021	CAGR
1	Change from last year	(34.3%)	(12.6%)	1.8%	(16.4%)

Source: SHEV.io

From 2018 to 2021, Denmark, Latvia, and Estonia were the top destinations for Lithuania's jewellery exports by volume. Denmark accounted for 63.3% of exports, Latvia for 9.5%, and Estonia for 8.5%, together making up 81.3% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Lithuania in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

Lithuania's jewellery exports have rebounded after a two-year drop. In 2021, exports were valued at 7 806 thousand US dollars, showing a modest increase of 7.8% compared to the previous year. Between 2018 and 2021, exports decreased by 22.8%, with a compound annual growth rate of -8.3%. The lowest value was recorded in 2020 at 7 238 thousand US dollars, and the largest decline was in 2019 at 21.7%.

Annual dynamics of product's exports from Lithuania in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(21.7%)	(8.6%)	7.8%	(8.3%)

Source: SHEV.io

From 2018 to 2021, Denmark, Estonia, and Latvia were the main markets for Lithuania's jewellery exports by value. Denmark represented 37.8% of exports, Estonia 25.7%, and Latvia 15.2%, together accounting for 78.6% of total export value.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Lithuania in value, 2018-2021

Source: SHEV.io

Imports jewellery to Lithuania

Imports in kind, kg

Lithuania's jewellery imports have risen after two years of decline. In 2021, imports amounted to 6 259 kilograms, a significant increase of 63.8% compared to 2020. Between 2018 and 2021, imports grew by 31%, equating to an average annual rate of 9.4%. The lowest value was in 2020 at 3 821 kilograms, with the largest drop in 2019 of 18.9%.

Annual dynamics of product's imports to Lithuania in kind, 2018-2021, kg

Parameter		2019	2020	2021	CAGR
1	Change from last year	(18.9%)	(1.4%)	63.8%	9.4%

Source: SHEV.io

Over the period from 2018 to 2021, Germany, Turkey, and Italy were the leading sources for Lithuania's jewellery imports by volume. Germany contributed 61.7% of imports, Turkey 9.6%, and Italy 7.4%, together representing 78.7% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Lithuania in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

Lithuania's jewellery imports have increased for the third consecutive year. In 2021, imports totalled 32 780 thousand US dollars, up 34.6% from 2020. Between 2018 and 2021, imports rose by 58.5%, with a compound annual growth rate of 16.6%.

Annual dynamics of product's imports to Lithuania in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	1.3%	16.3%	34.6%	16.6%

Source: SHEV.io

Throughout 2018 to 2021, Turkey, Germany, and Russia were the primary sources for Lithuania's jewellery imports by value. Turkey accounted for 38.3% of imports, Germany for 19.2%, and Russia for 7.7%, jointly making up 65.1% of total import flows.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Lithuania in value, 2018-2021

Source: SHEV.io