Lithuania - Electric Water Heaters And Immersion Heaters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingElectric Water Heater Price in Lithuania - 2023
Contents:
- Electric Water Heater Price in Lithuania (CIF) - 2022
- Electric Water Heater Price in Lithuania (FOB) - 2022
- Electric Water Heater Imports in Lithuania
- Electric Water Heater Exports in Lithuania
Electric Water Heater Price in Lithuania (CIF) - 2022
In 2022, the average electric water heater import price amounted to $94 per unit, increasing by 4.1% against the previous year. Over the period under review, the import price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 91% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($279 per unit), while the price for China ($28 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Electric Water Heater Price in Lithuania (FOB) - 2022
The average electric water heater export price stood at $105 per unit in 2022, remaining relatively unchanged against the previous year. Overall, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 115% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($560 per unit), while the average price for exports to Bulgaria ($18 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 Latvia (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Water Heater Imports in Lithuania
In 2022, after two years of decline, there was significant growth in purchases abroad of electric water heaters and immersion heaters, when their volume increased by 9.1% to 171K units. In general, imports, however, saw a precipitous setback. Imports peaked at 443K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, electric water heater imports expanded significantly to $16M in 2022. The total import value increased at an average annual rate of +7.7% 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 with an increase of 16%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Electric Water Heater in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2.9 | 2.4 | 2.9 | 3.6 | 7.5% |
| China | 1.5 | 2.1 | 2.3 | 2.3 | 15.3% |
| Czech Republic | 1.7 | 1.8 | 1.8 | 2.0 | 5.6% |
| Latvia | 1.1 | 1.2 | 1.4 | 1.6 | 13.3% |
| Poland | 1.1 | 1.0 | 1.2 | 1.4 | 8.4% |
| Germany | 0.6 | 0.4 | 0.3 | 0.6 | 0.0% |
| Sweden | 0.8 | 0.5 | 0.5 | 0.5 | -14.5% |
| Others | 3.3 | 2.8 | 3.8 | 4.1 | 7.5% |
| Total | 12.9 | 12.2 | 14.2 | 16.1 | 7.7% |
Top Suppliers of Electric Water Heater to Lithuania in 2022:
- China (83.8K units)
- Italy (15.3K units)
- Latvia (14.9K units)
- Poland (14.6K units)
- Germany (9.5K units)
- Czech Republic (7.2K units)
- Sweden (6.1K units)
Electric Water Heater Exports in Lithuania
After two years of decline, overseas shipments of electric water heaters and immersion heaters increased by 32% to 56K units in 2022. Overall, exports, however, saw a precipitous slump. Over the period under review, the exports reached the maximum at 157K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, electric water heater exports soared to $5.9M in 2022. The total export value increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Electric Water Heater in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 1,408 | 1,571 | 1,690 | 2,120 | 14.6% |
| Estonia | 1,007 | 968 | 1,135 | 1,196 | 5.9% |
| Tajikistan | 175 | 203 | 202 | 759 | 63.1% |
| Russia | 1,283 | 838 | 649 | 603 | -22.3% |
| United Kingdom | 9.3 | 11.2 | 32.9 | 190 | 173.4% |
| Poland | 101 | 122 | 89.8 | 182 | 21.7% |
| Germany | 422 | 127 | 82.6 | 141 | -30.6% |
| Bulgaria | 37.2 | 21.6 | 51.6 | 0.4 | -77.9% |
| Others | 610 | 225 | 455 | 660 | 2.7% |
| Total | 5,053 | 4,088 | 4,387 | 5,852 | 5.0% |
Top Export Markets for Electric Water Heater from Lithuania in 2022:
- Latvia (26.9K units)
- Estonia (15.1K units)
- Tajikistan (4.1K units)
- Poland (1.3K units)
- United Kingdom (1.2K units)
- Germany (1.2K units)
- Russia (1.1K units)
This report provides an in-depth analysis of the electric water heater 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 27512530 - Electric instantaneous water heaters
- Prodcom 27512550 -
- Prodcom 27512570 -
- Prodcom 27512560 - Electric water heaters and immersion heaters (excluding instantaneous water heaters)
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.
-
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
-
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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