Lithuania: Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles 2024

Market Size for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Lithuania

For the fourth year in a row, the Lithuanian market for electrical lighting or visual signaling equipment for motor vehicles and cycles recorded growth in sales value, which increased by X% to $X in 2022. Overall, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2018 indices. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Lithuania

In value terms, lighting equipment for motor vehicles production fell slightly to $X in 2022 estimated in export price. In general, production, however, showed a sharp reduction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Lighting equipment for motor vehicles production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Exports from Lithuania

In 2022, after two years of decline, there was significant growth in overseas shipments of electrical lighting or visual signaling equipment for motor vehicles and cycles, when their volume increased by X% to X units. In general, exports enjoyed a notable increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, lighting equipment for motor vehicles exports shrank to $X in 2022. Over the period under review, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Kazakhstan (X units), Poland (X units) and Belarus (X units) were the main destinations of lighting equipment for motor vehicles exports from Lithuania, with a combined X% share of total exports. Kyrgyzstan, Latvia, Georgia, Estonia, Armenia, Germany, Ukraine, Russia, Tajikistan and Uzbekistan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Armenia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lighting equipment for motor vehicles exported from Lithuania were Poland ($X), Latvia ($X) and Estonia ($X), with a combined X% share of total exports. Germany, Kazakhstan, Russia, Ukraine, Belarus, Armenia, Kyrgyzstan, Georgia, Uzbekistan and Tajikistan lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Armenia, 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

In 2022, the average export price for electrical lighting or visual signaling equipment for motor vehicles and cycles amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price, however, saw a strong increase. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Tajikistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Imports into Lithuania

After five years of growth, supplies from abroad of electrical lighting or visual signaling equipment for motor vehicles and cycles decreased by X% to X units in 2022. In general, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then fell in the following year.

In value terms, lighting equipment for motor vehicles imports expanded to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Poland (X units), China (X units) and the Netherlands (X units) were the main suppliers of lighting equipment for motor vehicles imports to Lithuania, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of electrical lighting or visual signaling equipment for motor vehicles and cycles to Lithuania, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

Import Prices by Country

The average import price for electrical lighting or visual signaling equipment for motor vehicles and cycles stood at $X per unit in 2022, surging by X% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lighting equipment for motor vehicles import price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($X per unit), while the price for Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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