The mobile phones market in Lithuania experienced fluctuations from 2013 to 2023. In 2023, the market size reached 692,530 units, reflecting an overall decline. The last two years observed a shrinkage with a year-on-year decline of 10.11% in 2022 and 2.15% in 2023. Over the last five years, the compound annual growth rate (CAGR) indicated an average annual decline of 3.13%.

Future trends to watch:

Technological advancements may spur growth through increased demand for 5G-enabled devices.
Potential rise in sustainable and eco-friendly mobile technologies.
Market recovery could be driven by innovative product releases and feature upgrades.