Women's knitted outerwear market in Lithuania

Earlier Report Observations

The women's knitted outerwear market in Lithuania saw a period of strong expansion between 2018 and 2022, with its total value rising from 2.98 million USD to 7.99 million USD. This growth of over 160% marked a significant increase in market activity within a relatively short timeframe.

After reaching its peak in 2022, the market entered a phase of correction. The value decreased to 7.28 million USD in 2023 and further to 6.66 million USD in 2024. Despite these declines, the 2024 market size remained substantially higher than the levels recorded at the start of the period in 2018.

Overall, the market demonstrated a clear pattern of rapid growth followed by a moderate contraction, resulting in a net positive trajectory for the sector's value from 2018 through 2024.

Production women's knitted outerwear in Lithuania

In value, 2018-2021, K $ US

In 2021, Lithuania's production of women's knitted outerwear reached a value of 1 697 thousand US dollars, marking a significant year-over-year increase of 60.3%. Over the period from 2018 to 2021, production grew by 48.2%, which translates to an annualized growth rate of 14.0%. The lowest value was recorded in 2020 at 1 059 thousand US dollars, with the largest decline occurring that same year at 8.4%.

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

In kind, 2018-2021, unit

In 2021, Lithuania produced 41 880 units of women's knitted outerwear, showing a sharp increase of 68.0% compared to 2020. From 2018 to 2021, production rose by 6.1%, with a compound annual growth rate of 2.0%. The minimum production level was in 2020 at 24 934 units, while the peak was in 2019 at 55 703 units. The largest decline occurred in 2020, dropping by 55.2%.

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

Exports women's knitted outerwear from Lithuania

Exports in kind, K unit

After two years of decline, exports of women's knitted outerwear from Lithuania rebounded in 2021. The country exported 66.4 thousand units, representing a substantial year-over-year increase of 33.6%. However, over the 2018-2021 period, exports decreased by 8.8%, with a compound annual growth rate of -3.0%. The lowest export volume was in 2020 at 49.7 thousand units, and the largest decline also occurred that year at 22.1%.

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

From 2018 to 2021, Germany, Russia, and Belarus were the top buyers of women's knitted outerwear from Lithuania, accounting for 16.9%, 15.3%, and 12.0% of exports in kind, respectively. Together, these three countries represented 44.2% of total exports, while the remaining share was distributed among numerous smaller trading partners.

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

Export values showed considerable volatility during this period. The lowest point was in 2019 at 1 918 thousand US dollars, while the peak occurred in 2021 at 4 130 thousand US dollars, creating a 2.2-fold difference. In 2021, exports surged by 100.7% compared to the previous year. The largest decline was recorded in 2019, falling by 17.4%.

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

Between 2018 and 2021, Germany, Russia, and Sweden formed the core markets for Lithuania's exports of women's knitted outerwear in value terms. Germany led with 30.2% of export value, followed by Russia at 16.3% and Sweden at 14.5%. Collectively, these three countries accounted for 61.0% of total export flows.

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

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

Imports women's knitted outerwear to Lithuania

Imports in kind, K unit

Imports of women's knitted outerwear into Lithuania increased for the third consecutive year in 2021. The country imported 372.6 thousand units, up 24.5% from the previous year. Over the 2018-2021 period, imports grew by 53.8%, equivalent to an annualized rate of 15.4%.

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

From 2018 to 2021, Germany, Poland, and Spain were the primary sources of imports in kind for women's knitted outerwear into Lithuania. Germany accounted for 39.0% of imports, Poland for 33.2%, and Spain for 5.5%. Together, these three countries represented 77.6% 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

Imports of women's knitted outerwear into Lithuania increased for the second consecutive year in 2021, reaching 7 380 thousand US dollars, a 53.2% rise compared to 2020. Over the 2018-2021 period, imports grew by 77.3%, with a compound annual growth rate of 21.0%. The lowest import value was in 2019 at 3 977 thousand US dollars, and the largest decline occurred that year at 4.5%.

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

During 2018-2021, Poland, Germany, and Latvia remained the main suppliers of women's knitted outerwear to Lithuania in value terms. Poland accounted for 27.6% of import value, Germany for 25.9%, and Latvia for 10.4%. Together, these three countries formed 63.9% of total imports.

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

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