Lithuania: Thermostat Market 2020

Thermostat Market Size in Lithuania

The revenue of the thermostat market in Lithuania amounted to $X in 2018, going down by -X% against the previous year. In general, thermostat consumption continues to indicate a deep contraction. The pace of growth was the most pronounced in 2010 when the market value increased by X% y-o-y. Over the period under review, the thermostat market attained its maximum level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Thermostat Production in Lithuania

In value terms, thermostat production amounted to $X in 2018 estimated in export prices. Over the period under review, thermostat production, however, continues to indicate a deep descent. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. In that year, thermostat production reached its peak level of $X. From 2009 to 2018, thermostat production growth remained at a somewhat lower figure.

Thermostat Exports

Exports from Lithuania

In 2018, approx. X units of thermostats were exported from Lithuania; growing by X% against the previous year. Over the period under review, thermostat exports continue to indicate a temperate increase. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Lithuania exports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, thermostat exports totaled $X in 2018. Overall, thermostat exports continue to indicate a slight deduction. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Lithuania exports peaked at $X in 2009; however, from 2010 to 2018, exports failed to regain their momentum.

Exports by Country

China (X units) and Japan (X units) were the main exporters of thermostats in 2018, amounting to approx. X% and X% of total exports, respectively. China, Hong Kong SAR (X units) held the next position in the ranking, followed by Mexico (X units). All these countries together took near X% share of total exports. Germany (X units), the Czech Republic (X units), Italy (X units), the U.S. (X units), Croatia (X units) and France (X units) occupied a relatively small share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Croatia, while the other leaders experienced more modest paces of growth.

In value terms, the largest thermostat markets from Lithuania were China ($X), Germany ($X) and Mexico ($X), together comprising X% of total exports.

In terms of the main exporting countries, China experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The thermostat export price in Lithuania stood at $X per unit in 2018, going up by X% against the previous year. Overall, the thermostat export price, however, continues to indicate a significant deduction. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Lithuania export price peaked at $X per unit in 2009; however, from 2010 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced more modest paces of growth.

Thermostat Imports

Imports into Lithuania

Thermostat imports into Lithuania totaled X units in 2018, falling by -X% against the previous year. Over the period under review, thermostat imports continue to indicate a measured deduction. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. In that year, thermostat imports reached their peak of X units. From 2016 to 2018, the growth of thermostat imports failed to regain its momentum.

In value terms, thermostat imports stood at $X in 2018. In general, thermostat imports continue to indicate a slight setback. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, thermostat imports attained their peak figure at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, China, Hong Kong SAR (X units) was the major importer of thermostats, mixing up X% of total imports. China (X units) occupied an X% share (based on tons) of total imports, which put it in second place, followed by Germany (X%), the U.S. (X%), Mexico (X%) and Turkey (X%). Italy (X units), the Czech Republic (X units), the UK (X units), India (X units), Brazil (X units) and Poland (X units) followed a long way behind the leaders.

Imports into China, Hong Kong SAR increased at an average annual rate of +X% from 2007 to 2018. At the same time, India (+X%), Turkey (+X%), Brazil (+X%), China (+X%), Poland (+X%), Germany (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The Czech Republic experienced a relatively flat trend pattern. By contrast, the UK (-X%), the U.S. (-X%) and Italy (-X%) illustrated a downward trend over the same period. China, Hong Kong SAR (+X p.p.), China (+X p.p.) and Turkey (+X p.p.) significantly strengthened its position in terms of the global imports, while Italy and the U.S. saw its share reduced by -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported thermostats into Lithuania, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by China, Hong Kong SAR, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. amounted to +X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and China, Hong Kong SAR (+X% per year).

Import Prices by Country

In 2018, the thermostat import price in Lithuania amounted to $X per unit, going down by -X% against the previous year. Over the period under review, the thermostat import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the import prices for thermostats reached their maximum at $X per unit in 2009; however, from 2010 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per unit), while China, Hong Kong SAR ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform