Lithuania: Spectrometers And Spectrophotometers Market 2024

Spectrometers And Spectrophotometers Market Size in Lithuania

In 2022, the Lithuanian spectrometers and spectrophotometers market increased by X% to $X, rising for the third consecutive year after three years of decline. In general, consumption recorded a significant increase. Spectrometers and spectrophotometers consumption peaked in 2022 and is expected to retain growth in the immediate term.

Spectrometers And Spectrophotometers Production in Lithuania

In value terms, spectrometers and spectrophotometers production soared to $X in 2022 estimated in export price. Over the period under review, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Spectrometers And Spectrophotometers Exports

Exports from Lithuania

In 2022, shipments abroad of spectrometers and spectrophotometers increased by X% to X units, rising for the fifth consecutive year after four years of decline. In general, exports, however, saw a pronounced setback. The pace of growth was the most pronounced in 2019 with an increase of X%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, spectrometers and spectrophotometers exports shrank significantly to $X in 2022. Over the period under review, exports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Belarus (X units) was the main destination for spectrometers and spectrophotometers exports from Lithuania, with a X% share of total exports. Moreover, spectrometers and spectrophotometers exports to Belarus exceeded the volume sent to the second major destination, Estonia (X units), fivefold. The United States (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Belarus amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and the United States (X% per year).

In value terms, the largest markets for spectrometers and spectrophotometers exported from Lithuania were the United States ($X), Belarus ($X) and Estonia ($X), together accounting for X% of total exports. Russia, Uzbekistan, China, Kazakhstan and Armenia lagged somewhat behind, together comprising a further X%.

Uzbekistan, with a CAGR of X%, 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

In 2022, the average spectrometers and spectrophotometers export price amounted to $X per unit, declining by X% against the previous year. Overall, the export price showed a perceptible contraction. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 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 China ($X per unit), while the average price for exports to Belarus ($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 Uzbekistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectrometers And Spectrophotometers Imports

Imports into Lithuania

In 2022, supplies from abroad of spectrometers and spectrophotometers decreased by X% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, spectrometers and spectrophotometers imports fell remarkably to $X in 2022. Overall, imports continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X units), the United States (X units) and Germany (X units) were the main suppliers of spectrometers and spectrophotometers imports to Lithuania, with a combined X% share of total imports.

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

In value terms, the largest spectrometers and spectrophotometers suppliers to Lithuania were the United States ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest growth rate of 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

The average spectrometers and spectrophotometers import price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 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 Germany ($X per unit), while the price for the Netherlands ($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 more modest paces of growth.

Source: IndexBox Platform