Key Market Indicators
Lithuanian Fishing Equipment Import is predicted to hit $11.5 million by 2026, up 2% year-on-year. Since 1999, the demand has grown 3.4% annually, landing Lithuania in number 35 in 2021, behind the Dominican Republic at $10.2 million. Japan, South Korea and Singapore followed in second, third and fourth place. Meanwhile, Lithuanian Fishing Equipment Export is forecast to reach $7.8 million by 2026, a 3.2% yearly increase. Since 1999, the supply has grown 9.3% each year, putting Lithuania in 32nd position in 2021, after Russia at $6.4 million. Japan, the United States and Malaysia came in second, third and fourth place.
