The mobile phone market in Lithuania reached a value of 421.69 million Euros in 2023. Between 2013 and 2023, the market generally showed an upward trend, with fluctuations in growth rates. Noteworthy growth spurts occurred in 2015 and 2016, marked by over 24% increases year-on-year. A notable downturn of -8.38% occurred in 2020, possibly due to market disruptions. However, recent years saw moderate recovery, with a 6% growth in 2023. The compound annual growth rate over the last five years was 5.28%, indicating steady market expansion, albeit at a reduced pace compared to earlier years.
Future trends to watch for:
- Technological advancements and adoption of 5G mobile phones could boost market value.
- Consumer preferences shifting towards sustainability and longer device lifecycles may affect sales patterns.
- Economic factors and geopolitical dynamics might impact consumer spending on mobile phones in the near future.
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 13,317,000,000 | 2023 | +1.38% | +0.75% | View data |
| 2 | 2 Germany | 11,182,000,000 | 2023 | +4% | +2.55% | View data |
| 3 | 3 France | 8,137,900,000 | 2023 | +3.55% | +1.13% | View data |
| 4 | 4 Italy | 5,192,600,000 | 2023 | +1.06% | +0.48% | View data |
| 5 | 5 Sweden | 2,307,300,000 | 2023 | +3.11% | +2.46% | View data |
| 7 | 7 Portugal | 983,500,000 | 2023 | +3.46% | +2.79% | View data |
| 8 | 8 Bulgaria | 445,350,000 | 2023 | +4.96% | +3.13% | View data |
| 9 | 9 Lithuania | 421,690,000 | 2023 | +6% | +5.28% | |
