Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Lithuania - 2023
Contents:
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Lithuania (CIF) - 2022
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Lithuania (FOB) - 2022
- Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Lithuania
- Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Lithuania
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Lithuania (CIF) - 2022
The average import price for furnaces and ovens; industrial or laboratory induction or dielectrics stood at $1,858 per unit in 2022, growing by 12% against the previous year. Overall, the import price, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2014 an increase of 533% against the previous year. Over the period under review, average import prices hit record highs at $30,794 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 the UK ($10,039 per unit), while the price for Latvia ($20 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Lithuania (FOB) - 2022
The average export price for furnaces and ovens; industrial or laboratory induction or dielectrics stood at $1,136 per unit in 2022, with an increase of 4% against the previous year. In general, the export price, however, faced a dramatic decrease. The growth pace was the most rapid in 2017 when the average export price increased by 586% against the previous year. As a result, the export price attained the peak level of $22,299 per unit. From 2018 to 2022, the average export prices remained at a 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 Latvia ($2,718 per unit), while the average price for exports to Kazakhstan ($472 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 Germany (+182.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Lithuania
In 2022, after three years of growth, there was significant decline in purchases abroad of furnaces and ovens; industrial or laboratory induction or dielectrics, when their volume decreased by -40.4% to 189 units. In general, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2020 when imports increased by 53%. Over the period under review, imports of attained the peak figure at 317 units in 2021, and then fell sharply in the following year.
In value terms, imports of furnaces and ovens; industrial or laboratory induction or dielectrics fell dramatically to $385K in 2022. Over the period under review, imports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 38% against the previous year. Imports peaked at $598K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | N/A | N/A | N/A | 142 | 0% |
| Italy | 28.0 | 67.5 | 156 | 73.8 | 38.1% |
| Germany | 246 | 10.6 | 11.6 | 47.2 | -42.3% |
| Belgium | 17.4 | 9.6 | 55.0 | 35.3 | 26.6% |
| United States | N/A | N/A | 1.1 | 31.3 | 2745.5% |
| Poland | 37.3 | 68.5 | 70.3 | 19.7 | -19.2% |
| Netherlands | N/A | 0.5 | 1.4 | 1.1 | 48.3% |
| Hungary | N/A | 6.9 | 18.1 | N/A | 162.3% |
| Latvia | N/A | 9.1 | 1.1 | N/A | -87.9% |
| India | 188 | 192 | 203 | N/A | 3.9% |
| Others | 81.2 | 28.2 | 24.0 | 34.0 | -25.2% |
| Total | 598 | 393 | 542 | 385 | -13.7% |
Top Suppliers of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric to Lithuania in 2022:
- Italy (41.0 units)
- United States (32.0 units)
- Finland (31.0 units)
- Belgium (28.0 units)
- Germany (26.0 units)
- Poland (16.0 units)
- Netherlands (7.0 units)
- Latvia (1.0 units)
Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Lithuania
After three years of growth, overseas shipments of furnaces and ovens; industrial or laboratory induction or dielectrics decreased by -47% to 79 units in 2022. Over the period under review, exports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 137% against the previous year. As a result, the exports reached the peak of 149 units, and then contracted remarkably in the following year.
In value terms, exports of furnaces and ovens; industrial or laboratory induction or dielectrics contracted remarkably to $124K in 2022. Overall, exports saw a perceptible descent. The most prominent rate of growth was recorded in 2021 when exports increased by 62%. As a result, the exports attained the peak of $251K, and then fell notably in the following year.
| Export of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 57.6 | 117 | 205 | 28.0 | -21.4% |
| Latvia | 0.5 | 0.7 | N/A | 19.0 | 236.2% |
| Kazakhstan | 1.4 | N/A | N/A | 9.9 | 91.9% |
| Germany | N/A | N/A | 0.4 | 7.2 | 1700.0% |
| Netherlands | N/A | N/A | N/A | 4.1 | 0% |
| Sweden | N/A | N/A | N/A | 2.4 | 0% |
| Belgium | N/A | N/A | N/A | 1.1 | 0% |
| Azerbaijan | 32.1 | N/A | N/A | N/A | 0% |
| Estonia | N/A | 0.1 | 8.4 | N/A | 8300.0% |
| Belarus | 34.9 | 4.8 | 37.6 | N/A | 3.8% |
| Others | 5.7 | 32.0 | N/A | 52.2 | 109.2% |
| Total | 132 | 155 | 251 | 124 | -2.1% |
Top Export Markets for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric from Lithuania in 2022:
- Russia (28.0 units)
- Kazakhstan (21.0 units)
- Latvia (7.0 units)
- Germany (7.0 units)
- Netherlands (5.0 units)
- Sweden (5.0 units)
- Belgium (2.0 units)
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