Lithuania: Market for Solar Cells and Light-Emitting Diodes 2024

Market Size for Solar Cells and Light-Emitting Diodes in Lithuania

After two years of growth, the Lithuanian market for solar cells and light-emitting diodes decreased by X% to $X in 2022. Overall, consumption, however, saw significant growth. Over the period under review, the market hit record highs at $X in 2021, and then fell dramatically in the following year.

Production of Solar Cells and Light-Emitting Diodes in Lithuania

In value terms, solar cells and light-emitting diodes production contracted markedly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Solar cells and light-emitting diodes production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Solar Cells and Light-Emitting Diodes

Exports from Lithuania

In 2022, the amount of solar cells and light-emitting diodes exported from Lithuania declined to X units, reducing by X% against the previous year's figure. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, solar cells and light-emitting diodes exports dropped significantly to $X in 2022. Over the period under review, exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X units) was the main destination for solar cells and light-emitting diodes exports from Lithuania, with a X% share of total exports. Moreover, solar cells and light-emitting diodes exports to Poland exceeded the volume sent to the second major destination, France (X units), ninefold. The third position in this ranking was held by Austria (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Austria (X% per year).

In value terms, Poland ($X) remains the key foreign market for solar cells and light-emitting diodes exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Finland ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Poland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and France (X% per year).

Export Prices by Country

The average export price for solar cells and light-emitting diodes stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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 Finland ($X per unit), while the average price for exports to Poland ($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 a decline.

Imports of Solar Cells and Light-Emitting Diodes

Imports into Lithuania

In 2022, purchases abroad of solar cells and light-emitting diodes decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at X units in 2021, and then declined sharply in the following year.

In value terms, solar cells and light-emitting diodes imports shrank to $X in 2022. In general, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of solar cells and light-emitting diodes to Lithuania, accounting for a X% share of total imports. Moreover, solar cells and light-emitting diodes imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The Netherlands (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled 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, the largest solar cells and light-emitting diodes suppliers to Lithuania were Germany ($X), China ($X) and the Netherlands ($X), with a combined X% share of total imports. Spain and the Czech Republic lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to 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 solar cells and light-emitting diodes stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price, however, faced a abrupt contraction. The growth pace was the most rapid in 2016 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2017 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 Germany ($X per unit), while the price for China ($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 a decline.

Source: IndexBox Platform

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