Lithuania: Dc Motor Market 2025

Dc Motor Market Size in Lithuania

After six years of growth, the Lithuanian DC motor market decreased by X% to $X in 2022. Overall, consumption, however, continues to indicate a buoyant expansion. Consumption peaked at $X in 2021, and then dropped notably in the following year.

Dc Motor Production in Lithuania

In value terms, DC motor production rose markedly to $X in 2022 estimated in export price. Overall, production, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in years to come.

Dc Motor Exports

Exports from Lithuania

In 2022, overseas shipments of DC motors decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2021, and then fell in the following year.

In value terms, DC motor exports amounted to $X in 2022. Overall, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X units) was the main destination for DC motor exports from Lithuania, with a X% share of total exports. Moreover, DC motor exports to the Netherlands exceeded the volume sent to the second major destination, Slovakia (X units), twofold. The third position in this ranking was held by Brazil (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and Brazil (X.4% per year).

In value terms, the Netherlands ($X) remains the key foreign market for DC motors exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Slovakia ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and Brazil (X.1% per year).

Export Prices by Country

The average DC motor export price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per unit), while the average price for exports to Kyrgyzstan ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dc Motor Imports

Imports into Lithuania

In 2022, overseas purchases of DC motors decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then contracted significantly in the following year.

In value terms, DC motor imports shrank rapidly to $X in 2022. Over the period under review, imports, however, posted a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then contracted notably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest DC motor supplier to Lithuania, with a X% share of total imports. Moreover, DC motor imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Sweden (X% per year).

In value terms, the largest DC motor suppliers to Lithuania were Germany ($X), China ($X) and Sweden ($X), together comprising X% of total imports.

Among the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 DC motor import price amounted to $X per unit, rising by X% against the previous year. Overall, the import price posted a moderate increase. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform