Price for Electrical Insulators of Any Material in Lithuania - 2023

Contents:

1. Price for Electrical Insulators of Any Material in Lithuania (CIF) - 2022
2. Price for Electrical Insulators of Any Material in Lithuania (FOB) - 2022
3. Imports of Electrical Insulators of Any Material in Lithuania
4. Exports of Electrical Insulators of Any Material in Lithuania

Price for Electrical Insulators of Any Material in Lithuania (CIF) - 2022

In 2022, the average import price for electrical insulators of any materials amounted to $0.5 per unit, reducing by -1.8% against the previous year. Over the period under review, the import price recorded a slight curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 69%. As a result, import price reached the peak level of $0.7 per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1.7 per unit), while the price for Ukraine ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.6%), while the prices for the other major suppliers experienced a decline.

Price for Electrical Insulators of Any Material in Lithuania (FOB) - 2022

In 2022, the average export price for electrical insulators of any materials amounted to $1.5 per unit, declining by -5.6% against the previous year. In general, the export price, however, continues to indicate a slight increase. The growth pace was the most rapid in 2016 when the average export price increased by 98%. Over the period under review, the average export prices reached the maximum at $1.9 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($6.6 per unit), while the average price for exports to Montenegro ($0.2 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 Belarus (+34.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Insulators of Any Material in Lithuania

In 2022, approx. 5M units of electrical insulators of any materials were imported into Lithuania; with an increase of 20% on 2021. The total import volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical insulators of any material imports surged to $2.6M in 2022. The total import value increased at an average annual rate of +9.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Electrical Insulators of Any Material to Lithuania in 2022:

1. Estonia (1734.1K units)
2. China (1120.2K units)
3. Russia (587.0K units)
4. Spain (538.2K units)
5. Poland (255.2K units)
6. Germany (156.1K units)
7. Ukraine (150.2K units)
8. Italy (49.8K units)

Exports of Electrical Insulators of Any Material in Lithuania

In 2022, shipments abroad of electrical insulators of any materials decreased by -32.1% to 609K units, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 9.9%. As a result, the exports reached the peak of 1.3M units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, electrical insulators of any material exports fell significantly to $906K in 2022. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. As a result, the exports attained the peak of $1.4M, and then fell notably in the following year.

Top Export Markets for Electrical Insulators of Any Material from Lithuania in 2022:

1. Montenegro (211.2K units)
2. Russia (168.6K units)
3. Kazakhstan (113.4K units)
4. Kosovo (45.8K units)
5. Latvia (40.9K units)

Source: IndexBox Market Intelligence Platform