Lithuania: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA 2025

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in Lithuania

The Lithuanian market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2022, with an increase of 38% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted significant growth. Consumption of peaked in 2022 and is expected to retain growth in years to come.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Exports from Lithuania

For the third consecutive year, Lithuania recorded decline in shipments abroad of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA, which decreased by -77.9% to X units in 2022. Over the period under review, exports recorded a abrupt decrease. The growth pace was the most rapid in 2014 when exports increased by 59% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA fell remarkably to $X in 2022. In general, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2014 when exports increased by 91% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X units), Latvia (X units) and Kazakhstan (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Lithuania, together accounting for 87% 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 Latvia (with a CAGR of +16.7%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) emerged as the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exports from Lithuania, comprising 64% of total exports. The second position in the ranking was held by Latvia ($X), with a 26% share of total exports. It was followed by Russia, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan totaled +19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+135.8% per year) and Russia (-30.9% per year).

Export Prices by Country

In 2022, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, with a decrease of -18.8% against the previous year. Overall, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 63% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Turkey ($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 Latvia (+15.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Imports into Lithuania

In 2022, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA into Lithuania soared to X units, increasing by 37% against 2021. In general, imports recorded a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 5,838%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA reduced slightly to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 83%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

France (X units), Ireland (X units) and Latvia (X units) were the main suppliers of imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Lithuania, together comprising 59% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of +146.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Lithuania, comprising 50% of total imports. The second position in the ranking was taken by Latvia ($X), with a 16% share of total imports. It was followed by Hungary, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled +25.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+96.5% per year) and Hungary (-10.1% per year).

Import Prices by Country

The average import price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, with a decrease of -28.1% against the previous year. Over the period under review, the import price continues to indicate a sharp reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 60%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Hungary ($X per unit), while the price for Ireland ($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 (-23.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform