Lithuania: Static Converter Market 2024

Static Converter Market Size in Lithuania

The Lithuanian static converter market soared to $X in 2022, growing by X% against the previous year. Over the period under review, consumption continues to indicate strong growth. Static converter consumption peaked in 2022 and is expected to retain growth in years to come.

Static Converter Production in Lithuania

In value terms, static converter production contracted significantly to $X in 2022 estimated in export price. Overall, production showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Static converter production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Static Converter Exports

Exports from Lithuania

Static converter exports from Lithuania declined modestly to X units in 2022, falling by X% against the year before. Over the period under review, total exports indicated a measured expansion 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, static converter exports reached $X in 2022. In general, exports, however, showed a remarkable increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Latvia (X units) was the main destination for static converter exports from Lithuania, with a X% share of total exports. Moreover, static converter exports to Latvia exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was held by Estonia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Latvia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Estonia (X% per year).

In value terms, the largest markets for static converter exported from Lithuania were Latvia ($X), Germany ($X) and the United States ($X), together accounting for X% of total exports. Estonia, Russia, Ukraine, the Czech Republic, Kazakhstan, Denmark, Sweden, Poland, Hungary and Armenia lagged somewhat behind, together comprising a further X%.

Sweden, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 static converter export price amounted to $X per unit, rising by X% against the previous year. In general, the export price saw a buoyant increase. The pace of growth appeared the most rapid in 2019 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

Static Converter Imports

Imports into Lithuania

In 2022, the amount of static converters imported into Lithuania soared to X units, growing by X% compared with the previous year's figure. Over the period under review, imports enjoyed a resilient increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, static converter imports soared to $X in 2022. In general, imports continue to indicate a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest static converter supplier to Lithuania, accounting for a X% share of total imports. Moreover, static converter imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Poland (X units) ranked third in terms of total imports with a X% share.

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

In value terms, the largest static converter suppliers to Lithuania were China ($X), Germany ($X) and the Czech Republic ($X), with a combined X% share of total imports.

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

Import Prices by Country

In 2022, the average static converter import price amounted to $X per unit, rising by X% against the previous year. Overall, the import price enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. The import price peaked in 2022 and is likely to continue growth in years to come.

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 Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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