Isolating Switch Price in Lithuania - 2023

Contents:

1. Isolating Switch Price in Lithuania (CIF) - 2022
2. Isolating Switch Price in Lithuania (FOB) - 2022
3. Isolating Switch Imports in Lithuania
4. Isolating Switch Exports in Lithuania

Isolating Switch Price in Lithuania (CIF) - 2022

In 2022, the average isolating switch import price amounted to $38 per unit, rising by 63% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Switzerland ($268 per unit), while the price for Finland ($18 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Isolating Switch Price in Lithuania (FOB) - 2022

The average isolating switch export price stood at $50 per unit in 2022, increasing by 2.2% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. The growth pace was the most rapid in 2020 an increase of 64%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($219 per unit), while the average price for exports to Kazakhstan ($39 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 the UK (+42.5%), while the prices for the other major destinations experienced more modest paces of growth.

Isolating Switch Imports in Lithuania

Isolating switch imports into Lithuania soared to 143K units in 2022, growing by 52% compared with the year before. Overall, imports, however, showed a abrupt decrease. Imports peaked at 179K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, isolating switch imports surged to $5.4M in 2022. Over the period under review, imports saw a perceptible expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Isolating Switch to Lithuania in 2022:

1. Poland (107.0K units)
2. Estonia (14.7K units)
3. Italy (9.8K units)
4. Switzerland (5.9K units)
5. Latvia (3.4K units)
6. Germany (0.3K units)

Isolating Switch Exports in Lithuania

For the third year in a row, Lithuania recorded decline in shipments abroad of isolating switches & make-and-break switches, which decreased by -25.5% to 8.3K units in 2022. Over the period under review, exports continue to indicate a dramatic decrease. The exports peaked at 83K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, isolating switch exports reduced markedly to $411K in 2022. In general, exports saw a precipitous descent. The smallest decline of -23.5% was in 2021. The exports peaked at $1.7M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Isolating Switch from Lithuania in 2022:

1. Poland (4.8K units)
2. Kazakhstan (2.4K units)
3. Russia (0.8K units)
4. Belarus (0.2K units)

Source: IndexBox Market Intelligence Platform