Lithuania: Motor Vehicle Radiator Market 2024

Motor Vehicle Radiator Market Size in Lithuania

In 2022, after three years of decline, there was growth in the Lithuanian motor vehicle radiator market, when its value increased by X% to $X. In general, consumption recorded a slight reduction. Motor vehicle radiator consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Motor Vehicle Radiator Production in Lithuania

In value terms, motor vehicle radiator production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Motor Vehicle Radiator Exports

Exports from Lithuania

In 2022, overseas shipments of radiators for motor vehicles increased by X% to X units, rising for the sixth consecutive year after two years of decline. Overall, exports posted a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, motor vehicle radiator exports skyrocketed to $X in 2022. Over the period under review, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Belarus (X units), Kazakhstan (X units) and Kyrgyzstan (X units) were the main destinations of motor vehicle radiator exports from Lithuania, together accounting for X% of total exports. Uzbekistan, Tajikistan, Poland, Latvia, the United Arab Emirates, Ukraine, Estonia, Greece, Georgia and Russia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for motor vehicle radiator exported from Lithuania were Poland ($X), the United Arab Emirates ($X) and Latvia ($X), together comprising X% of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average motor vehicle radiator export price amounted to $X per unit, picking up by X% against the previous year. In general, the export price, however, continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per unit), while the average price for exports to Tajikistan ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Vehicle Radiator Imports

Imports into Lithuania

For the fifth consecutive year, Lithuania recorded growth in supplies from abroad of radiators for motor vehicles, which increased by X% to X units in 2022. In general, imports saw a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, motor vehicle radiator imports surged to $X in 2022. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Poland (X units) constituted the largest motor vehicle radiator supplier to Lithuania, with a X% share of total imports. Moreover, motor vehicle radiator imports from Poland exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Germany (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to 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 ($X) constituted the largest supplier of radiators for motor vehicles to Lithuania, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

In 2022, the average motor vehicle radiator import price amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, saw a perceptible descent. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 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 a decline.

Source: IndexBox Platform

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