Lithuania: Market for Electric Generating Sets And Rotary Converters 2024

Market Size for Electric Generating Sets And Rotary Converters in Lithuania

The Lithuanian market for electric generating sets and rotary converters skyrocketed to $X in 2021, increasing by X% against the previous year. Overall, consumption enjoyed a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Electric Generating Sets And Rotary Converters in Lithuania

In value terms, production of electric generating sets and rotary converters shrank remarkably to $X in 2021 estimated in export price. Overall, production recorded a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Production of peaked at $X in 2020, and then reduced notably in the following year.

Exports of Electric Generating Sets And Rotary Converters

Exports from Lithuania

In 2021, approx. X units of electric generating sets and rotary converters were exported from Lithuania; jumping by X% on the previous year. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of electric generating sets and rotary converters surged to $X in 2021. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for exports of electric generating sets and rotary converters from Lithuania, with a X% share of total exports. Moreover, exports of electric generating sets and rotary converters to Russia exceeded the volume sent to the second major destination, Kazakhstan (X units), twofold. Latvia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2020, the average annual growth rate of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Latvia (X% per year).

In value terms, the largest markets for electric generating set and rotary converter exported from Lithuania were Russia ($X), Kazakhstan ($X) and Latvia ($X).

Among the main countries of destination, Estonia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for electric generating sets and rotary converters stood at $X per unit in 2020, declining by X% against the previous year. In general, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2020, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electric Generating Sets And Rotary Converters

Imports into Lithuania

In 2021, overseas purchases of electric generating sets and rotary converters increased by X% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of electric generating sets and rotary converters skyrocketed to $X in 2021. Overall, imports continue to indicate prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Turkey (X units) was the main supplier of electric generating set and rotary converter to Lithuania, with a X% share of total imports. Moreover, imports of electric generating sets and rotary converters from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was taken by the Netherlands (X units), with an X% share.

From 2012 to 2020, the average annual growth rate of volume from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

In value terms, Turkey ($X), Germany ($X) and France ($X) appeared to be the largest electric generating set and rotary converter suppliers to Lithuania.

Spain, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for electric generating sets and rotary converters stood at $X per unit in 2020, reducing by X% against the previous year. Over the period under review, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Denmark (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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