Lithuania: Generator Market 2020

Generator Market Size in Lithuania

The revenue of the generator market in Lithuania amounted to $X in 2018, jumping by X% against the previous year. Over the period under review, generator consumption, however, continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2012 when the market value increased by X% against the previous year. In that year, the generator market attained its peak level of $X. From 2013 to 2018, the growth of the generator market remained at a lower figure.

Generator Production in Lithuania

In value terms, generator production totaled $X in 2018 estimated in export prices. Over the period under review, generator production continues to indicate a prominent expansion. The growth pace was the most rapid in 2016 when production volume increased by X% y-o-y. Lithuania generator production peaked in 2018 and is likely to continue its growth in the near future.

Generator Exports

Exports from Lithuania

In 2018, the generator exports from Lithuania stood at X units, lowering by -X% against the previous year. In general, generator exports continue to indicate a deep curtailment. The pace of growth was the most pronounced in 2013 when exports increased by X% year-to-year. Lithuania exports peaked at X units in 2008; however, from 2009 to 2018, exports remained at a lower figure.

In value terms, generator exports amounted to $X in 2018. In general, generator exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. In that year, generator exports reached their peak of $X. From 2009 to 2018, the growth of generator exports remained at a lower figure.

Exports by Country

In 2018, China (X units) represented the main exporter of electric generating sets and rotary converters, creating X% of total exports. Spain (X units) ranks second in terms of the total exports with a X% share, followed by the United Arab Emirates (X%), Japan (X%) and Thailand (X%). Germany (X units), France (X units), China, Hong Kong SAR (X units) and the UK (X units) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to generator exports from China stood at -X%. At the same time, Thailand (+X%), the United Arab Emirates (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Japan experienced a relatively flat trend pattern. By contrast, France (-X%), China, Hong Kong SAR (-X%), the UK (-X%) and Germany (-X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+X p.p.), Spain (+X p.p.) and Thailand (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of the UK (-X p.p.), Germany (-X p.p.) and China (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Spain ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by the UK, Japan, France, Thailand, China, Hong Kong SAR, the United Arab Emirates and Lithuania, which together accounted for a further X the main exporting countries, Thailand recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the generator export price in Lithuania amounted to $X per unit, picking up by X% against the previous year. In general, the generator export price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2011 an increase of X% against the previous year. Lithuania export price peaked at $X per unit in 2012; however, from 2013 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Generator Imports

Imports into Lithuania

In 2018, the generator imports into Lithuania totaled X units, declining by -X% against the previous year. Overall, generator imports continue to indicate a drastic contraction. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. In that year, generator imports attained their peak of X units. From 2013 to 2018, the growth of generator imports remained at a lower figure.

In value terms, generator imports stood at $X in 2018. Overall, the total imports indicated measured growth from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, generator imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Lithuania imports peaked at $X in 2012; however, from 2013 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, South Africa (X units), Mozambique (X units), Angola (X units), the U.S. (X units) and Nigeria (X units) were the main importers of electric generating sets and rotary converters in the world, achieving X% of total import. It was distantly followed by Malaysia (X units), comprising a X% share of total imports. Russia (X units), Canada (X units), Greece (X units), Germany (X units) and Australia (X units) held a relatively small share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Mozambique (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest generator importing markets into Lithuania were the U.S. ($X), Germany ($X) and Russia ($X), together accounting for X% of total imports. Canada, Australia, South Africa, Nigeria, Greece, Malaysia, Angola, Lithuania and Mozambique lagged somewhat behind, together accounting for a further X terms of the main importing countries, South Africa recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The generator import price in Lithuania stood at $X per unit in 2018, going up by X% against the previous year. Over the period under review, the generator import price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. Lithuania import price peaked in 2018 and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform