Lithuania: Ceramic Electrical Insulator Market 2024

Ceramic Electrical Insulator Market Size in Lithuania

The Lithuanian ceramic electrical insulator market dropped sharply to $X in 2022, waning by X% against the previous year. Overall, consumption saw a abrupt descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Ceramic Electrical Insulator Production in Lithuania

In value terms, ceramic electrical insulator production declined remarkably to $X in 2022 estimated in export price. Overall, production recorded a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Ceramic electrical insulator production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Ceramic Electrical Insulator Exports

Exports from Lithuania

In 2022, the amount of electrical insulators of ceramics exported from Lithuania stood at less than X units, approximately mirroring the previous year's figure. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, ceramic electrical insulator exports declined notably to $X in 2022. Overall, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units) was the main destination for ceramic electrical insulator exports from Lithuania, accounting for a X% share of total exports. Moreover, ceramic electrical insulator exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X units), more than tenfold. The third position in this ranking was taken by Democratic Republic of the Congo (X units), with a X% share.

From 2017 to 2018, the average annual growth rate of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Democratic Republic of the Congo (X% per year).

In value terms, Russia ($X) remains the key foreign market for electrical insulators of ceramics exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Ukraine ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

From 2017 to 2018, the average annual growth rate of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The average ceramic electrical insulator export price stood at $X per unit in 2018, growing by X% against the previous year. Over the period from 2017 to 2018, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2018, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Democratic Republic of the Congo ($X per unit) was amongst the lowest.

From 2017 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%).

Ceramic Electrical Insulator Imports

Imports into Lithuania

In 2022, approx. less than X units of electrical insulators of ceramics were imported into Lithuania; approximately mirroring 2021. Overall, imports faced a sharp decline. The smallest decline of X% was in 2018. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, ceramic electrical insulator imports dropped remarkably to $X in 2022. Over the period under review, imports continue to indicate a perceptible downturn. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X units), Ukraine (X units) and Estonia (X units) were the main suppliers of ceramic electrical insulator imports to Lithuania, together accounting for X% of total imports.

From 2017 to 2018, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X) constituted the largest supplier of electrical insulators of ceramics to Lithuania, comprising X% of total imports. The second position in the ranking was held by Estonia ($X), with an X% share of total imports. It was followed by Ukraine, with a X% share.

From 2017 to 2018, the average annual rate of growth in terms of value from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (X% per year) and Ukraine (X% per year).

Import Prices by Country

The average ceramic electrical insulator import price stood at $X per unit in 2018, jumping by X% against the previous year. In general, the import price showed a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2018, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2017 to 2018, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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