| Product Code: ETC8048063 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Lithuania continued to see a strong demand for performance tires, with top import sources being Poland, China, Latvia, Estonia, and Germany. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting potential challenges for new entrants. However, the impressive compound annual growth rate (CAGR) of 16.95% from 2020 to 2024, coupled with a growth rate of 16.63% in 2023-24, highlights the resilience and dynamism of the market. This data underscores the opportunities for businesses in the performance tire sector to capitalize on Lithuania`s growing import market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Lithuania Performance Tires Market Overview |
3.1 Lithuania Country Macro Economic Indicators |
3.2 Lithuania Performance Tires Market Revenues & Volume, 2021 & 2031F |
3.3 Lithuania Performance Tires Market - Industry Life Cycle |
3.4 Lithuania Performance Tires Market - Porter's Five Forces |
3.5 Lithuania Performance Tires Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Lithuania Performance Tires Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Lithuania Performance Tires Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-performance cars in Lithuania |
4.2.2 Growing interest in motorsports and performance driving |
4.2.3 Rising disposable income levels leading to higher spending on premium tires |
4.3 Market Restraints |
4.3.1 High initial cost of performance tires compared to standard tires |
4.3.2 Limited availability of performance tire options in the market |
5 Lithuania Performance Tires Market Trends |
6 Lithuania Performance Tires Market, By Types |
6.1 Lithuania Performance Tires Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Lithuania Performance Tires Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Lithuania Performance Tires Market Revenues & Volume, By Racing Slicks, 2021- 2031F |
6.1.4 Lithuania Performance Tires Market Revenues & Volume, By Tread Tires, 2021- 2031F |
6.2 Lithuania Performance Tires Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Lithuania Performance Tires Market Revenues & Volume, By OEMS, 2021- 2031F |
6.2.3 Lithuania Performance Tires Market Revenues & Volume, By Replacement/Aftermarket, 2021- 2031F |
7 Lithuania Performance Tires Market Import-Export Trade Statistics |
7.1 Lithuania Performance Tires Market Export to Major Countries |
7.2 Lithuania Performance Tires Market Imports from Major Countries |
8 Lithuania Performance Tires Market Key Performance Indicators |
8.1 Average selling price of performance tires in Lithuania |
8.2 Number of performance tire manufacturers entering the Lithuanian market |
8.3 Percentage increase in online searches for performance tires in Lithuania |
8.4 Number of performance tire retailers expanding their product offerings in Lithuania |
8.5 Growth in the number of performance car registrations in Lithuania |
9 Lithuania Performance Tires Market - Opportunity Assessment |
9.1 Lithuania Performance Tires Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Lithuania Performance Tires Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Lithuania Performance Tires Market - Competitive Landscape |
10.1 Lithuania Performance Tires Market Revenue Share, By Companies, 2024 |
10.2 Lithuania Performance Tires Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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