Lithuania: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA 2025

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA in Lithuania

In 2022, the Lithuanian market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA increased by 182% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption posted strong growth. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA stood at less than $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Exports from Lithuania

Exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA from Lithuania soared to X units in 2022, picking up by 500% compared with 2021. In general, exports showed strong growth. Over the period under review, the exports of attained the maximum at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 217% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

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 to X kVA from Lithuania, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled -3.4%.

In value terms, Russia ($X) also remains the key foreign market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exports from Lithuania.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at +14.6%.

Export Prices by Country

The average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2021, with an increase of 662% against the previous year. Overall, the export price continues to indicate a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to +18.6% per year.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Imports into Lithuania

After three years of decline, supplies from abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA increased by 95% to X units in 2022. In general, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 200% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022. Overall, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2018 with an increase of 223% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

Croatia (X units), Turkey (X units) and Italy (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA to Lithuania, with a combined 79% share of total imports. North Macedonia, Ukraine, the Czech Republic, Belarus, Poland and Bulgaria lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for North Macedonia (with a CAGR of +250.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to Lithuania were Croatia ($X), Turkey ($X) and Italy ($X), with a combined 82% share of total imports. Ukraine, North Macedonia, the Czech Republic, Belarus, Bulgaria and Poland lagged somewhat behind, together comprising a further 15%.

North Macedonia, with a CAGR of +319.9%, saw the highest rates of growth with regard to 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

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, picking up by 36% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA increased by +84.9% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by North Macedonia (+29.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform