Lithuania: Market for Non-Domestic Heat Exchange Units 2024

Market Size for Non-Domestic Heat Exchange Units in Lithuania

The Lithuanian non-domestic heat exchange unit market declined markedly to $X in 2022, dropping by X% against the previous year. In general, consumption faced a dramatic downturn. The most prominent rate of growth was recorded in 2021 with a decrease of X%. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Non-Domestic Heat Exchange Units in Lithuania

In value terms, non-domestic heat exchange unit production soared to $X in 2022 estimated in export price. Overall, production, however, recorded buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Non-domestic heat exchange unit production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Non-Domestic Heat Exchange Units

Exports from Lithuania

In 2022, the amount of non-domestic heat exchange units exported from Lithuania contracted markedly to X units, falling by X% on the year before. In general, exports continue to indicate a precipitous slump. The smallest decline of X% was in 2021. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, non-domestic heat exchange unit exports shrank markedly to $X in 2022. Over the period under review, exports showed a pronounced downturn. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X units), Latvia (X units) and Kazakhstan (X units) were the main destinations of non-domestic heat exchange unit exports from Lithuania, together accounting for X% of total exports. Kyrgyzstan, Turkey, Belarus, Poland, the United States, Norway, Uzbekistan, Belgium and France lagged somewhat behind, together comprising a further X%.

From 2020 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of X.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for non-domestic heat exchange units exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

From 2020 to 2022, the average annual rate of growth in terms of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (X.5% per year) and Kazakhstan (X% per year).

Export Prices by Country

In 2022, the average non-domestic heat exchange unit export price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when the average export price decreased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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 Norway ($X per unit), while the average price for exports to Latvia ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Domestic Heat Exchange Units

Imports into Lithuania

In 2022, after ten years of growth, there was significant decline in overseas purchases of non-domestic heat exchange units, when their volume decreased by X% to X units. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then shrank in the following year.

In value terms, non-domestic heat exchange unit imports contracted to $X in 2022. Overall, total imports indicated a pronounced expansion 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. Based on 2022 figures, imports decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Italy (X units), the Czech Republic (X units) and Sweden (X units) were the main suppliers of non-domestic heat exchange unit imports to Lithuania, with a combined X% share of total imports. Austria, Hungary, Germany, the Netherlands, Poland, Ukraine, Denmark, France, Slovakia and Turkey lagged somewhat behind, together accounting for a further X%.

From 2020 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-domestic heat exchange unit suppliers to Lithuania were Italy ($X), Germany ($X) and Austria ($X), with a combined X% share of total imports. Sweden, the Czech Republic, Poland, Hungary, Ukraine, the Netherlands, Denmark, France, Slovakia and Turkey lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Turkey, 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 non-domestic heat exchange unit import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price saw a slight increase. 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 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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