Lithuania: Test And Measurement Market 2024

Test And Measurement Market Size in Lithuania

The Lithuanian test and measurement market was finally on the rise to reach $X in 2022, after three years of decline. In general, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Test And Measurement Production in Lithuania

In value terms, test and measurement production reduced sharply to $X in 2022 estimated in export price. Over the period under review, production, however, showed a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Test and measurement production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Test And Measurement Exports

Exports from Lithuania

In 2022, overseas shipments of instruments and apparatus for measuring or checking pressure of liquids or gasses decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, test and measurement exports dropped remarkably to $X in 2022. Over the period under review, exports, however, enjoyed mild growth. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then declined significantly in the following year.

Exports by Country

Russia (X units) was the main destination for test and measurement exports from Lithuania, with a X% share of total exports. Moreover, test and measurement exports to Russia exceeded the volume sent to the second major destination, Latvia (X units), fivefold. The third position in this ranking was held by Kyrgyzstan (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Kyrgyzstan (X% per year).

In value terms, the largest markets for test and measurement exported from Lithuania were Russia ($X), Kazakhstan ($X) and Latvia ($X), together accounting for X% of total exports. Armenia, Belarus, Kyrgyzstan, the United Arab Emirates, Poland, Estonia, Bangladesh, Germany, Denmark and Austria lagged somewhat behind, together accounting for a further X%.

Kyrgyzstan, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average test and measurement export price stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price showed slight growth. The growth pace was the most rapid in 2019 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

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 Kazakhstan ($X per unit), while the average price for exports to Denmark ($X 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 Armenia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Test And Measurement Imports

Imports into Lithuania

For the fourth year in a row, Lithuania recorded decline in supplies from abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses, which decreased by X% to X units in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, test and measurement imports reduced remarkably to $X in 2022. In general, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Imports peaked at $X in 2021, and then declined remarkably in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of test and measurement to Lithuania, accounting for a X% share of total imports. Moreover, test and measurement imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold. The third position in this ranking was taken by the Netherlands (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and the Netherlands (X% per year).

In value terms, the largest test and measurement suppliers to Lithuania were Germany ($X), Poland ($X) and Finland ($X), together accounting for X% of total imports. Italy, Latvia, the Netherlands, China, Denmark and Slovakia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Latvia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average test and measurement import price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the import price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then shrank in the following year.

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

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

Source: IndexBox Platform

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