Lithuania: Insulated Coaxial Cable Market 2024

Insulated Coaxial Cable Market Size in Lithuania

The Lithuanian insulated coaxial cable market shrank to $X in 2022, waning by X% against the previous year. In general, consumption, however, continues to indicate a prominent increase. Over the period under review, the market reached the maximum level at $X in 2021, and then declined in the following year.

Insulated Coaxial Cable Production in Lithuania

In value terms, insulated coaxial cable production shrank rapidly to $X in 2022 estimated in export price. Over the period under review, production showed a dramatic descent. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Insulated Coaxial Cable Exports

Exports from Lithuania

In 2022, insulated coaxial cable exports from Lithuania declined remarkably to X tons, dropping by X% against the year before. Overall, exports saw a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, insulated coaxial cable exports shrank significantly to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for insulated coaxial cable exports from Lithuania, with a X% share of total exports. Moreover, insulated coaxial cable exports to Russia exceeded the volume sent to the second major destination, Latvia (X tons), twofold. The third position in this ranking was taken by Poland (X tons), with a X% share.

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

In value terms, the largest markets for insulated coaxial cable exported from Lithuania were Sweden ($X), Russia ($X) and Poland ($X), together comprising X% of total exports. Latvia, Turkey, Finland, Estonia and Belarus lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Turkey, with a CAGR of X.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average insulated coaxial cable export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price posted buoyant growth. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (X%), while the prices for the other major destinations experienced more modest paces of growth.

Insulated Coaxial Cable Imports

Imports into Lithuania

In 2022, overseas purchases of insulated coaxial cables increased by X% to X tons, rising for the third year in a row after three years of decline. Overall, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, insulated coaxial cable imports skyrocketed to $X in 2022. Over the period under review, imports posted a prominent increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Poland (X tons) constituted the largest insulated coaxial cable supplier to Lithuania, with a X% share of total imports. Moreover, insulated coaxial cable imports from Poland exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a X% share.

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

In value terms, Poland ($X), Germany ($X) and Belgium ($X) constituted the largest insulated coaxial cable suppliers to Lithuania, together comprising X% of total imports. China, Finland, Latvia, Estonia, Slovenia and Italy lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Slovenia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average insulated coaxial cable import price amounted to $X per ton, picking up by X% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price 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. Based on 2022 figures, insulated coaxial cable import price decreased by X% against 2018 indices. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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