Lithuania: Electricity Supply Meter Market 2024

Electricity Supply Meter Market Size in Lithuania

In 2022, the Lithuanian electricity supply meter market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, enjoyed a strong increase. Over the period under review, the market reached the maximum level at $X in 2021, and then contracted in the following year.

Electricity Supply Meter Production in Lithuania

In value terms, electricity supply meter production fell remarkably to $X in 2022 estimated in export price. Overall, production, however, saw a remarkable increase. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Electricity supply meter production peaked at $X in 2021, and then plummeted in the following year.

Electricity Supply Meter Exports

Exports from Lithuania

In 2022, after three years of growth, there was decline in overseas shipments of electricity supply or production meters, when their volume decreased by X% to X units. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X units in 2021, and then reduced modestly in the following year.

In value terms, electricity supply meter exports fell sharply to $X in 2022. In general, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted markedly in the following year.

Exports by Country

Poland (X units) was the main destination for electricity supply meter exports from Lithuania, with a X% share of total exports. Moreover, electricity supply meter exports to Poland exceeded the volume sent to the second major destination, Ukraine (X units), fivefold. The third position in this ranking was taken by Latvia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Poland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Latvia (X% per year).

In value terms, Poland ($X) remains the key foreign market for electricity supply or production meters exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Ukraine ($X), with a X% share of total exports. It was followed by Paraguay, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Poland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Paraguay (X% per year).

Export Prices by Country

In 2022, the average electricity supply meter export price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs 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 Norway ($X per unit), while the average price for exports to Latvia ($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 Norway (X%), while the prices for the other major destinations experienced a decline.

Electricity Supply Meter Imports

Imports into Lithuania

After two years of growth, supplies from abroad of electricity supply or production meters decreased by X% to X units in 2022. Overall, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at X units in 2021, and then contracted in the following year.

In value terms, electricity supply meter imports soared to $X in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

China (X units), France (X units) and Poland (X units) were the main suppliers of electricity supply meter imports to Lithuania, with a combined X% 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 France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electricity supply meter suppliers to Lithuania were France ($X), China ($X) and Poland ($X), together comprising X% of total imports.

France, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 electricity supply meter import price amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, recorded a pronounced curtailment. The import price peaked at $X per unit in 2013; however, from 2014 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 France ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform