Lithuania: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA in Lithuania

The Lithuanian market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA declined remarkably to $X in 2023, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw significant growth. As a result, consumption reached the peak level of $X, and then fell remarkably in the following year.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Exports from Lithuania

In 2023, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from Lithuania soared to X units, growing by X% compared with the previous year's figure. In general, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports of attained the maximum at X units in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA dropped modestly to $X in 2023. Over the period under review, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from Lithuania, with a X% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to the United States exceeded the volume sent to the second major destination, Latvia (X units), more than tenfold. Kazakhstan (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Kazakhstan (X% per year).

In value terms, Latvia ($X) emerged as the key foreign market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Switzerland ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Latvia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA stood at $X per unit in 2023, increasing by X% against the previous year. Over the period under review, the export price showed a buoyant increase. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Latvia ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Imports into Lithuania

Imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA into Lithuania shrank significantly to X units in 2023, with a decrease of X% compared with 2022 figures. In general, imports, however, showed a prominent increase. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, imports reached the peak of X units, and then dropped remarkably in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA contracted slightly to $X in 2023. Overall, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2023, Turkey (X units) constituted the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA supplier to Lithuania, accounting for a X% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from Turkey exceeded the figures recorded by the second-largest supplier, Bulgaria (X units), fivefold. The third position in this ranking was taken by Tunisia (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Tunisia (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to Lithuania, comprising X% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Poland (X% per year).

Import Prices by Country

In 2023, the average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA amounted to $X per unit, jumping by X% against the previous year. Overall, the import price showed a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per unit), while the price for Tunisia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform