| Product Code: ETC5040493 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Lithuania surfboard import market experienced a shift in concentration levels from moderate to low in 2024, indicating increased diversity in import sources. The top exporting countries to Lithuania in 2024 include Poland, Germany, China, Netherlands, and Metropolitan France. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period 2020-2024 stands at a healthy 15.65%, reflecting sustained market expansion. This data suggests a dynamic and competitive landscape in the Lithuania surfboard import industry, with opportunities for market players to explore diverse sourcing options.

By 2027, the Surfboard market in Lithuania is anticipated to reach a growth rate of 4.06%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.

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 Surfboard Market Overview |
3.1 Lithuania Country Macro Economic Indicators |
3.2 Lithuania Surfboard Market Revenues & Volume, 2021 & 2031F |
3.3 Lithuania Surfboard Market - Industry Life Cycle |
3.4 Lithuania Surfboard Market - Porter's Five Forces |
3.5 Lithuania Surfboard Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Lithuania Surfboard Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.7 Lithuania Surfboard Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.8 Lithuania Surfboard Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Lithuania Surfboard Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing interest in outdoor water sports activities in Lithuania |
4.2.2 Increasing disposable income among the population |
4.2.3 Rise in tourism and water sports tourism in Lithuania |
4.3 Market Restraints |
4.3.1 Seasonal nature of surfing in Lithuania due to weather conditions |
4.3.2 Limited awareness and availability of quality surfboard brands in the market |
4.3.3 High import tariffs on surfboard equipment |
5 Lithuania Surfboard Market Trends |
6 Lithuania Surfboard Market Segmentations |
6.1 Lithuania Surfboard Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Lithuania Surfboard Market Revenues & Volume, By Shortboards, 2021-2031F |
6.1.3 Lithuania Surfboard Market Revenues & Volume, By Longboards, 2021-2031F |
6.1.4 Lithuania Surfboard Market Revenues & Volume, By Fish Boards, 2021-2031F |
6.1.5 Lithuania Surfboard Market Revenues & Volume, By Gun Boards, 2021-2031F |
6.1.6 Lithuania Surfboard Market Revenues & Volume, By Others, 2021-2031F |
6.2 Lithuania Surfboard Market, By Material Type |
6.2.1 Overview and Analysis |
6.2.2 Lithuania Surfboard Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.2.3 Lithuania Surfboard Market Revenues & Volume, By Balsa Wood, 2021-2031F |
6.2.4 Lithuania Surfboard Market Revenues & Volume, By Others, 2021-2031F |
6.3 Lithuania Surfboard Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Lithuania Surfboard Market Revenues & Volume, By Online, 2021-2031F |
6.3.3 Lithuania Surfboard Market Revenues & Volume, By Offline, 2021-2031F |
6.4 Lithuania Surfboard Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Lithuania Surfboard Market Revenues & Volume, By Recreational, 2021-2031F |
6.4.3 Lithuania Surfboard Market Revenues & Volume, By Professional, 2021-2031F |
7 Lithuania Surfboard Market Import-Export Trade Statistics |
7.1 Lithuania Surfboard Market Export to Major Countries |
7.2 Lithuania Surfboard Market Imports from Major Countries |
8 Lithuania Surfboard Market Key Performance Indicators |
8.1 Average number of surfers visiting Lithuanian beaches per season |
8.2 Percentage increase in spending on water sports equipment |
8.3 Number of surf schools and training facilities in Lithuania |
9 Lithuania Surfboard Market - Opportunity Assessment |
9.1 Lithuania Surfboard Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Lithuania Surfboard Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.3 Lithuania Surfboard Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.4 Lithuania Surfboard Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Lithuania Surfboard Market - Competitive Landscape |
10.1 Lithuania Surfboard Market Revenue Share, By Companies, 2024 |
10.2 Lithuania Surfboard 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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