Key Market Indicators
Sales of Lithuanian leather goods are projected to drop to €13.6 million by 2026, a 4% decrease on the 2021 figure of €16.7 million. Since 2010, the market has shrunk by an average of 7.2% annually. In 2021, Belgium overtook Lithuania, which came in 28th place. France, Spain and Germany took the next three spots. Exports of Lithuanian leather goods are set to grow to US$7.97 million by 2026, a 1.5% rise from the 2021 figure of US$7.31 million. Since 1999, the country's supply has risen by an average of 3% each year. Imports into Lithuania of leather goods are expected to reach US$16.89 million by 2026, a 1.8% increase on the 2021 figure of US$15.19 million. Since 1999, demand has grown by an average of 4.7% annually. In 2021, New Zealand overtook Lithuania, which came in at 41st place. Germany, France and Italy followed.
