Lithuania: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in Lithuania

The Lithuanian market for residential, commercial and industrial lighting fixture was estimated at $X in 2021, growing by X% against the previous year. Over the period under review, consumption enjoyed a buoyant expansion. Consumption of peaked in 2021 and is expected to retain growth in the immediate term.

Production of Residential, Commercial and Industrial Lighting Fixture in Lithuania

In value terms, production of residential, commercial and industrial lighting fixture rose rapidly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports from Lithuania

In 2021, exports of residential, commercial and industrial lighting fixture from Lithuania declined to X units, waning by X% on the previous year's figure. Over the period under review, exports faced a abrupt downturn. Over the period under review, the exports of attained the maximum at X units in 2020, and then declined in the following year.

In value terms, exports of residential, commercial and industrial lighting fixture expanded remarkably to $X in 2021. The total export value increased at an average annual rate of X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports of reached the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units), Russia (X units) and Latvia (X units) were the main destinations of exports of residential, commercial and industrial lighting fixture from Lithuania, together accounting for X% of total exports. Italy, Estonia, Poland, Spain, the UK, France, Sweden, the Netherlands, Norway and the United States lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for residential, commercial and industrial lighting fixture exported from Lithuania were Russia ($X), Germany ($X) and Latvia ($X), with a combined X% share of total exports. The UK, Estonia, Poland, Norway, Sweden, France, Italy, the Netherlands, Spain and the United States lagged somewhat behind, together accounting for a further X%. Moreover, exports of residential, commercial and industrial lighting fixture in Russia exceeded the figures recorded by the second-largest exporter, Germany, twofold.

Estonia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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 export price for residential, commercial and industrial lighting fixture amounted to less than $X per unit, shrinking by X% against the previous year. In general, the export price, however, saw significant growth. The growth pace was the most rapid in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit, and then declined significantly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Italy ($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.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports into Lithuania

In 2021, imports of residential, commercial and industrial lighting fixture into Lithuania expanded rapidly to X units, surging by X% against 2020. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, imports of residential, commercial and industrial lighting fixture expanded notably to $X in 2021. Overall, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X units), Poland (X units) and Italy (X units) were the main suppliers of imports of residential, commercial and industrial lighting fixture to Lithuania, with a combined X% share of total imports. Spain, Latvia, Germany, France, Estonia, the Czech Republic and Slovakia lagged somewhat behind, together comprising a further X%. Moreover, imports of residential, commercial and industrial lighting fixture in China exceeded the figures recorded by the second-largest supplier, Poland, twofold.

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, China ($X), Poland ($X) and Italy ($X) constituted the largest residential, commercial and industrial lighting fixture suppliers to Lithuania, together accounting for X% of total imports. Spain, Germany, Latvia, Estonia, the Czech Republic, France and Slovakia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Spain, 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

The average import price for residential, commercial and industrial lighting fixture stood at less than $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the import price recorded a abrupt descent. The growth pace was the most rapid in 2015 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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