Lithuania: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA in Lithuania

In 2022, the Lithuanian market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA decreased by -93.8% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption, however, saw a significant expansion. Over the period under review, the market reached the peak level at $X in 2021, and then shrank rapidly in the following year.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from X kVA - X kVA in Lithuania

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced descent. Over the period under review, production of reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Exports from Lithuania

In 2022, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from Lithuania surged to X units, rising by 40% on the year before. Overall, exports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2020 with an increase of 1,440%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA soared to $X in 2022. In general, exports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 158% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from Lithuania, accounting for a 91% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to Russia exceeded the volume sent to the second major destination, the Netherlands (X units), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to -9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (0.0% per year) and Estonia (-14.9% per year).

In value terms, Russia ($X) remains the key foreign market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exports from Lithuania, comprising 100% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 0.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia stood at -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (0.0% per year) and Estonia (-40.1% per year).

Export Prices by Country

In 2022, the average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA amounted to $X per unit, jumping by 67% against the previous year. Over the period under review, the export price saw a buoyant expansion. The pace of growth was the most pronounced in 2021 an increase of 1,764% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

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 Russia ($X per unit), while the average price for exports to the Netherlands ($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 Russia (+7.5%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Imports into Lithuania

After two years of growth, purchases abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA decreased by -93.8% to X units in 2022. Over the period under review, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 9,309% against the previous year. Imports peaked at X units in 2021, and then shrank markedly in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA soared to $X in 2022. In general, imports, however, posted a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Latvia (X units), Turkey (X units) and Bulgaria (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to Lithuania, with a combined 94% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +619.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to Lithuania, comprising 60% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a 24% share of total imports. It was followed by Latvia, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to +587.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+47.1% per year) and Latvia (+155.9% per year).

Import Prices by Country

The average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA stood at $X per unit in 2022, rising by 4,525% against the previous year. Over the period under review, the import price, however, recorded a abrupt slump. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Turkey ($X per unit), while the price for Latvia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform