Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Lithuania - 2023

Contents:

1. Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Lithuania (CIF) - 2022
2. Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Lithuania (FOB) - 2022
3. Imports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Lithuania
4. Exports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Lithuania

Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Lithuania (CIF) - 2022

The average import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $412 per unit in 2022, declining by -8.4% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 42% against the previous year. Over the period under review, average import prices attained the maximum at $450 per unit in 2021, and then shrank in the following year.

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 Denmark ($1,437 per unit), while the price for Serbia ($294 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Lithuania (FOB) - 2022

The average export price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $866 per unit in 2022, with an increase of 34% against the previous year. Overall, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 49%. 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 Norway ($1,251 per unit), while the average price for exports to Belarus ($378 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 Belgium (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Lithuania

For the fourth consecutive year, Lithuania recorded growth in purchases abroad of heaters; instantaneous or storage water heaters, non-electric, other than gasses, which increased by 15% to 9.6K units in 2022. The total import volume increased at an average annual rate of +13.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses expanded rapidly to $4M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 52% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas to Lithuania in 2022:

1. Czech Republic (2.5K units)
2. Germany (2.2K units)
3. Italy (1.7K units)
4. Poland (1.0K units)
5. Latvia (0.8K units)
6. Austria (0.6K units)
7. Serbia (0.2K units)

Exports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Lithuania

Exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses from Lithuania expanded significantly to 3.5K units in 2022, increasing by 11% against the previous year. The total export volume increased at an average annual rate of +10.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses soared to $3.1M in 2022. In general, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 89% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas from Lithuania in 2022:

1. Latvia (1294.0 units)
2. Norway (755.0 units)
3. France (360.0 units)
4. Kazakhstan (223.0 units)
5. Belgium (198.0 units)
6. Czech Republic (157.0 units)
7. Estonia (135.0 units)
8. Russia (84.0 units)
9. Uzbekistan (69.0 units)
10. Kyrgyzstan (8.0 units)
11. Belarus (7.0 units)

Source: IndexBox Market Intelligence Platform