Lithuania: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA in Lithuania

After four years of decline, the Lithuanian market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA increased by 44% to $X in 2022. In general, consumption, however, recorded a deep setback. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Diesel or Semi-Diesel Electric Generating Sets of Output Over X kVA but Under X kVA in Lithuania

In value terms, production of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA dropped remarkably to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 61%. Production of peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Exports from Lithuania

In 2022, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from Lithuania contracted to X units, waning by -12.4% on 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 47% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA fell to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 68%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X units), Ukraine (X units) and Turkey (X units) were the main destinations of exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from Lithuania, with a combined 86% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +2,600.0%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Ukraine ($X) and Turkey ($X) were the largest markets for diesel or semi-diesel electric generating set of output over X kVA but under X kVA exported from Lithuania worldwide, with a combined 85% share of total exports.

Turkey, with a CAGR of +6,374.0%, saw the highest growth rate of the value of exports, among 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

In 2022, the average export price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA amounted to $X per unit, remaining relatively unchanged against the previous year. In general, the export price, however, saw a slight contraction. The growth pace was the most rapid in 2016 an increase of 33%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Kazakhstan ($X per unit) and Russia ($X per unit), while the average price for exports to Ukraine ($X per unit) and Turkey ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+139.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Imports into Lithuania

In 2022, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA into Lithuania skyrocketed to X units, surging by 18% compared with 2021. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by 82% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA declined to $X in 2022. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by 139% against the previous year. Over the period under review, imports of attained the maximum at $X in 2021, and then contracted in the following year.

Imports by Country

Turkey (X units), France (X units) and China (X units) were the main suppliers of imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA to Lithuania, with a combined 52% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +31.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest diesel or semi-diesel electric generating set of output over X kVA but under X kVA suppliers to Lithuania were France ($X), Turkey ($X) and Latvia ($X), with a combined 57% share of total imports.

France, with a CAGR of +31.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA stood at $X per unit in 2022, dropping by -24.1% against the previous year. Overall, the import price continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 74% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform