Safety seat belts market in Lithuania

Earlier Report Observations

From 2018 to 2024, the Lithuanian safety seat belts market volume in physical terms fell from 5.8 million units to 986 thousand units. The market peaked at 6.2 million units in 2020 before entering a period of rapid contraction, with the decline accelerating after 2021.

In value terms, the market followed a similar trajectory, dropping from $8.3 million in 2020 to $2.9 million in 2024. Domestic production also decreased sharply, while export volumes consistently remained above import levels throughout the period.

Production safety seat belts in Lithuania

In value, 2018-2021, K $ US

In 2021, Lithuania's production of safety seat belts was valued at 11 054 thousand US dollars, marking a 9.7% decrease compared to 2020. Over the period from 2018 to 2021, production grew by 26.3%, which translates to an annualized growth rate of 8.1%. The lowest production value was recorded in 2019 at 7 390 thousand US dollars, while the highest was in 2020 at 12 235 thousand US dollars. The most significant decline occurred in 2019 with a drop of 15.6%, whereas the largest increase was in 2020 with a surge of 65.6%.

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

In kind, 2018-2021, K unit

In 2021, Lithuania produced 3 380 thousand units of safety seat belts, representing a sharp decline of 50.1% from the previous year. From 2018 to 2021, production decreased by 47.2%, equating to an annualized decline rate of 19.2%. The peak production was in 2020 with 6 767 thousand units, and the largest increase was also in 2020 at 11.1%.

Annual dynamics of production in Lithuania in kind, 2018-2021, K unit

Exports safety seat belts from Lithuania

Exports in kind, K unit

Exports of safety seat belts from Lithuania increased for the second consecutive year in 2021, totaling 925.4 thousand units, which is a steep rise of 50.9% compared to the previous year. Over the 2018-2021 period, exports grew by 38.8%, with a compound annual growth rate (CAGR) of 11.6%. The lowest export volume was in 2019 at 469.4 thousand units, and the largest decline occurred that same year with a drop of 29.6%.

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

From 2018 to 2021, the Netherlands, Germany, and the United Kingdom consistently held the top positions in Lithuania's export structure for safety seat belts in kind. The Netherlands accounted for 21.8% of exports, Germany for 14.7%, and the United Kingdom for 14.1%, collectively making up 50.6% of total export flows.

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

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

Exports in value, K $ US

The market for safety seat belt exports from Lithuania showed noticeable fluctuations during the period. Exports reached their lowest point in 2019 and peaked in 2021, with a 2.4-fold difference between these years. In 2021, export volume amounted to 5 112 thousand US dollars, up 12.4% year-on-year. The minimum value was recorded in 2019 at 2 098 thousand US dollars. The largest decline was in 2019 with a 27.6% drop, while the largest increase was in 2020 with a 116.9% rise.

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

From 2018 to 2021, the Netherlands, Turkey, and Germany were the primary buyers of safety seat belts from Lithuania in value terms. The Netherlands accounted for 25.5% of exports, Turkey for 22.4%, and Germany for 12.4%, together representing 60.3% of total export value.

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

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

Imports safety seat belts to Lithuania

Imports in kind, K unit

Imports of safety seat belts into Lithuania showed volatility over the observed period. The lowest import volume was in 2018, and it peaked in 2020, with a 3.4-fold difference between these years. In 2021, imports stood at 46.5 thousand units, down 39.6% from the previous year. The maximum value was recorded in 2020 at 77.0 thousand units, and the largest increase occurred that same year with a surge of 202.5%.

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

From 2018 to 2021, Poland, China, and Germany were the leading sources for imports of safety seat belts into Lithuania in kind. Poland accounted for 41.2% of imports, China for 25.7%, and Germany for 12.4%, collectively making up 79.4% of total import flows.

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

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

Imports in value, K $ US

The import market for safety seat belts in Lithuania exhibited volatility during the period. Imports hit their lowest point in 2019 and reached their peak in 2021, with a 2.1-fold variation between these years. In 2021, imports amounted to 680 thousand US dollars, up 14.6% from the previous year. The minimum value was in 2019 at 326 thousand US dollars. The largest decline was in 2019 with a 6.5% drop, while the largest increase was in 2020 with an 82.3% rise.

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

From 2018 to 2021, three principal markets—Poland, Germany, and Latvia—together accounted for 54.9% of total imports of safety seat belts into Lithuania in value terms.

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

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