The consumer electronics market in Lithuania saw substantial growth between 2013 and 2023, reaching a market size value of 206.93 million Euros in 2023. Over the last two years, the market experienced steady growth with a year-on-year increase of 3.04% in 2022 and 2.92% in 2023. The compound annual growth rate (CAGR) over the past five years was approximately 6.3%, indicating persistent expansion despite minor fluctuations in certain years.
Future trends to watch for include:
- Increased adoption of smart home technologies and IoT devices.
- Rising demand for sustainable and eco-friendly consumer electronics.
- Continuous innovation in mobile and wearable technology.
- Shift towards e-commerce and digital platforms for purchasing electronics.
| # | 13 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 9,644,000,000 | 2023 | +0.43% | +0.45% | View data |
| 2 | 2 United Kingdom | 7,970,200,000 | 2023 | +0.29% | -0.027% | View data |
| 3 | 3 France | 5,458,600,000 | 2023 | -1.46% | -2.6% | View data |
| 4 | 4 Spain | 2,983,200,000 | 2023 | +1.11% | +0.77% | View data |
| 5 | 5 Portugal | 1,774,300,000 | 2023 | +4.56% | +3.87% | View data |
| 9 | 9 Denmark | 628,330,000 | 2023 | -3.12% | -0.52% | View data |
| 10 | 10 Croatia | 211,100,000 | 2023 | +0.69% | +0.73% | View data |
| 11 | 11 Lithuania | 206,930,000 | 2023 | +2.92% | +6.3% | |
| 12 | 12 Bulgaria | 183,250,000 | 2023 | +1.18% | +2.68% | View data |
| 13 | 13 Estonia | 138,760,000 | 2023 | +2.39% | +4.17% | View data |
