Lithuania: Inductor Market 2024

Inductor Market Size in Lithuania

The Lithuanian inductor market soared to $X in 2022, increasing by X% against the previous year. In general, consumption enjoyed significant growth. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the near future.

Inductor Production in Lithuania

In value terms, inductor production dropped rapidly to $X in 2022 estimated in export price. In general, production, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X, and then declined rapidly in the following year.

Inductor Exports

Exports from Lithuania

In 2022, approx. X units of inductors were exported from Lithuania; dropping by X% on 2021 figures. Over the period under review, exports, however, posted prominent growth. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, inductor exports reduced notably to $X in 2022. In general, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X units), Italy (X units) and Kazakhstan (X units) were the main destinations of inductor exports from Lithuania, together comprising X% of total exports. The United States, Latvia, Germany, Estonia, Armenia and Belarus lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for inductor exported from Lithuania were Latvia ($X), Russia ($X) and Italy ($X), together accounting for X% of total exports. The United States, Kazakhstan, Estonia, Armenia, Germany and Belarus lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the United States, 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 inductor export price stood at $X per unit in 2022, jumping by X% against the previous year. In general, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per unit), while the average price for exports to Russia ($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 Belarus (X%), while the prices for the other major destinations experienced more modest paces of growth.

Inductor Imports

Imports into Lithuania

In 2022, purchases abroad of inductors increased by X% to X units, rising for the second year in a row after two years of decline. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, inductor imports rose rapidly to $X in 2022. In general, imports saw a resilient expansion. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of inductor to Lithuania, with a X% share of total imports. Moreover, inductor imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. The third position in this ranking was taken by Austria (X units), with an X% share.

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

In value terms, Germany ($X), China ($X) and Austria ($X) constituted the largest inductor suppliers to Lithuania, together comprising X% of total imports. Finland, the Czech Republic, Italy and Russia lagged somewhat behind, together accounting for a further X%.

Italy, 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 inductor import price stood at $X per unit in 2022, dropping by X% against the previous year. In general, the import price saw a perceptible descent. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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