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Lithuania - Electric Radiators And Convection Heaters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectric Radiator Price in Lithuania - 2023
Contents:
- Electric Radiator Price in Lithuania (CIF) - 2023
- Electric Radiator Price in Lithuania (FOB) - 2023
- Electric Radiator Imports in Lithuania
- Electric Radiator Exports in Lithuania
Electric Radiator Price in Lithuania (CIF) - 2023
The average electric radiator import price stood at $37.0 per unit in October 2023, dropping by -30.1% against the previous month. In general, the import price recorded a slight decline. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 31% month-to-month. The import price peaked at $96.1 per unit in March 2023; however, from April 2023 to October 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Italy ($99.3 per unit), while the price for China ($20.5 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Italy (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Electric Radiator Price in Lithuania (FOB) - 2023
The average electric radiator export price stood at $100 per unit in October 2023, shrinking by -6% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 25% m-o-m. As a result, the export price reached the peak level of $141 per unit. From March 2023 to October 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Denmark ($184 per unit), while the average price for exports to Latvia ($57.2 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Radiator Imports in Lithuania
In 2022, purchases abroad of electric radiators and convection heaters decreased by -12.1% to 214K units, falling for the second consecutive year after two years of growth. Overall, imports showed a perceptible curtailment. The growth pace was the most rapid in 2020 when imports increased by 2.3% against the previous year. As a result, imports reached the peak of 250K units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, electric radiator imports stood at $13M in 2022. The total import value increased at an average annual rate of +9.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 20%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
Import of Electric Radiator in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2,094 | 1,833 | 2,399 | 3,293 | 16.3% |
Germany | 903 | 1,009 | 1,340 | 1,528 | 19.2% |
Poland | 773 | 992 | 1,361 | 1,375 | 21.2% |
Ukraine | 541 | 732 | 991 | 1,260 | 32.6% |
Italy | 307 | 1,161 | 1,154 | 1,152 | 55.4% |
Latvia | 409 | 604 | 1,001 | 941 | 32.0% |
Estonia | 113 | 347 | 685 | 487 | 62.7% |
Bulgaria | 122 | 92.0 | 178 | 279 | 31.7% |
Netherlands | 52.1 | 127 | 69.6 | 97.3 | 23.1% |
United Kingdom | 704 | 539 | 5.5 | 42.8 | -60.7% |
Others | 3,513 | 4,027 | 3,343 | 2,115 | -15.6% |
Total | 9,532 | 11,463 | 12,527 | 12,570 | 9.7% |
Top Suppliers of Electric Radiator to Lithuania in 2022:
- China (99.9K units)
- Germany (26.0K units)
- Poland (20.7K units)
- Latvia (16.9K units)
- Italy (8.2K units)
- Estonia (7.5K units)
- Ukraine (6.4K units)
- Bulgaria (5.0K units)
- Netherlands (3.4K units)
- United Kingdom (0.9K units)
Electric Radiator Exports in Lithuania
In 2022, overseas shipments of electric radiators and convection heaters decreased by -7.7% to 106K units, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 17% against the previous year. As a result, the exports reached the peak of 153K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, electric radiator exports shrank slightly to $10M in 2022. Overall, exports showed a pronounced shrinkage. The smallest decline of -1.3% was in 2021. The exports peaked at $11M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Electric Radiator in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 1,201 | 1,427 | 1,581 | 1,460 | 6.7% |
Russia | 4,988 | 4,531 | 2,572 | 1,144 | -38.8% |
Denmark | 457 | 522 | 853 | 990 | 29.4% |
Latvia | 500 | 647 | 738 | 913 | 22.2% |
United Kingdom | 145 | 58.1 | 865 | 849 | 80.2% |
Netherlands | 331 | 461 | 612 | 790 | 33.6% |
Estonia | 299 | 406 | 414 | 518 | 20.1% |
Poland | 329 | 348 | 395 | 456 | 11.5% |
Germany | 214 | 238 | 64.5 | 407 | 23.9% |
Belgium | 164 | 314 | 429 | 386 | 33.0% |
France | 344 | 284 | 367 | 367 | 2.2% |
Others | 2,416 | 1,742 | 1,944 | 2,130 | -4.1% |
Total | 11,387 | 10,978 | 10,835 | 10,409 | -2.9% |
Top Export Markets for Electric Radiator from Lithuania in 2022:
- Latvia (19.0K units)
- Denmark (14.3K units)
- Sweden (10.7K units)
- Estonia (10.0K units)
- United Kingdom (9.7K units)
- Netherlands (9.1K units)
- Russia (5.8K units)
- Poland (5.4K units)
- Germany (3.5K units)
- Belgium (3.3K units)
- France (2.8K units)
This report provides an in-depth analysis of the electric radiator market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27512650 - Electric radiators, convection heaters and heaters or fires with built-in fans
Country coverage:
- Lithuania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Lithuania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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