Lithuania: Market for Lead-Acid Accumulators (Excluding Starter Batteries) 2024

Market Size for Lead-Acid Accumulators (Excluding Starter Batteries) in Lithuania

The Lithuanian market for lead-acid accumulators (excluding starter batteries) contracted modestly to $X in 2022, shrinking by -2.4% against the previous year. Overall, consumption, however, showed a tangible expansion. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Lead-Acid Accumulators (Excluding Starter Batteries) in Lithuania

In value terms, lead-acid accumulators (excluding starter batteries) production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2017 with an increase of 54% against the previous year. Lead-acid accumulators (excluding starter batteries) production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Lead-Acid Accumulators (Excluding Starter Batteries)

Exports from Lithuania

In 2022, shipments abroad of lead-acid accumulators (excluding starter batteries) increased by 19% to X units, rising for the third year in a row after five years of decline. Overall, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 37%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, lead-acid accumulators (excluding starter batteries) exports surged to $X in 2022. In general, exports, however, showed a noticeable reduction. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X units), Uzbekistan (X units) and Ukraine (X units) were the main destinations of lead-acid accumulators (excluding starter batteries) exports from Lithuania, with a combined 58% share of total exports. Kazakhstan, Russia, Turkmenistan, Estonia, Kyrgyzstan and Belarus lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kyrgyzstan (with a CAGR of +82.3%), while the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Uzbekistan ($X) and Ukraine ($X) were the largest markets for lead-acid accumulators (excluding starter batteries) exported from Lithuania worldwide, together comprising 58% of total exports. Kazakhstan, Russia, Turkmenistan, Estonia, Belarus and Kyrgyzstan lagged somewhat behind, together accounting for a further 36%.

Kyrgyzstan, with a CAGR of +107.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for lead-acid accumulators (excluding starter batteries) stood at $X per unit in 2022, growing by 22% against the previous year. Overall, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 125% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per unit), while the average price for exports to Kyrgyzstan ($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 (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lead-Acid Accumulators (Excluding Starter Batteries)

Imports into Lithuania

In 2022, after two years of growth, there was significant decline in purchases abroad of lead-acid accumulators (excluding starter batteries), when their volume decreased by -21.8% to X units. In general, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2020 when imports increased by 54%. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, lead-acid accumulators (excluding starter batteries) imports soared to $X in 2022. The total import value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by 34%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Poland (X units), the Netherlands (X units) and Finland (X units) were the main suppliers of lead-acid accumulators (excluding starter batteries) imports to Lithuania, together accounting for 58% of total imports. China, Germany, Latvia, Bulgaria, Sweden, the UK, Ireland, Italy, Belgium and Denmark lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +12.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lead-acid accumulators (excluding starter batteries) suppliers to Lithuania were Poland ($X), the Netherlands ($X) and Finland ($X), together accounting for 58% of total imports. China, Germany, Latvia, Bulgaria, Sweden, the UK, Ireland, Italy, Belgium and Denmark lagged somewhat behind, together accounting for a further 35%.

Ireland, with a CAGR of +27.6%, saw the highest growth rate of 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 lead-acid accumulators (excluding starter batteries) amounted to $X per unit, jumping by 52% against the previous year. Overall, the import price posted significant growth. The most prominent rate of growth was recorded in 2016 an increase of 117% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($X per unit) and Ireland ($X per unit), while the price for Denmark ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+32.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform