Lithuania: Market for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process 2024

Market Size for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process in Lithuania

In 2022, the Lithuanian market for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process decreased by X% to $X, falling for the third year in a row after two years of growth. In general, consumption, however, saw a resilient increase. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process in Lithuania

In value terms, production of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process surged to $X in 2022 estimated in export price. Overall, production, however, saw a significant expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

Exports from Lithuania

In 2022, approx. X units of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process were exported from Lithuania; with a decrease of X% on the previous year. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process declined dramatically to $X in 2022. Over the period under review, total exports 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. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units) was the main destination for exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process from Lithuania, with a X% share of total exports. Moreover, exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process to the Netherlands exceeded the volume sent to the second major destination, Russia (X units), twofold. The third position in this ranking was taken by Kazakhstan (X units), with a X% share.

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

In value terms, the Netherlands ($X) emerged as the key foreign market for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by Latvia, with a X% share.

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

Export Prices by Country

The average export price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2013 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per unit), while the average price for exports to Kazakhstan ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

Imports into Lithuania

Imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process into Lithuania fell remarkably to X units in 2022, with a decrease of X% on the previous year's figure. Over the period under review, imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process dropped dramatically to $X in 2022. Overall, total imports indicated a slight increase 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 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Poland (X units) constituted the largest machinery for material treatment by heating or cooling process supplier to Lithuania, with a X% share of total imports. Moreover, imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process from Poland exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. Italy (X units) ranked third in terms of total imports 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: Germany (X% per year) and Italy (X% per year).

In value terms, Germany ($X) constituted the largest supplier of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process to Lithuania, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

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

Import Prices by Country

In 2022, the average import price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process amounted to $X per unit, jumping by X% against the previous year. In general, import price indicated strong growth 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, import price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform