Lithuania: Laser Market 2024

Laser Market Size in Lithuania

For the seventh year in a row, the Lithuanian laser market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption continues to indicate buoyant growth. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Laser Production in Lithuania

In value terms, laser production surged to $X in 2022 estimated in export price. In general, production saw buoyant growth. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in the near future.

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Laser Exports

Exports from Lithuania

In 2022, shipments abroad of lasers, other than laser diodes decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, laser exports fell to $X in 2022. Overall, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell in the following year.

Exports by Country

Germany (X units), South Korea (X units) and the United States (X units) were the main destinations of laser exports from Lithuania, together accounting for X% of total exports. Japan, Switzerland, China, France, the UK, the Netherlands, Taiwan (Chinese), the Czech Republic, Italy and Belgium lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for laser exported from Lithuania were Germany ($X), the United States ($X) and South Korea ($X), with a combined X% share of total exports. Japan, Switzerland, China, the UK, France, Taiwan (Chinese), the Netherlands, Belgium, Italy and the Czech Republic lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Switzerland, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average laser export price stood at $X per unit in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to the Czech Republic ($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 Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Laser Imports

Imports into Lithuania

In 2022, overseas purchases of lasers, other than laser diodes increased by X% to X units, rising for the fifth year in a row after three years of decline. Overall, imports recorded a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, laser imports surged to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Poland (X units), China (X units) and Switzerland (X units) were the main suppliers of laser imports to Lithuania, together comprising X% of total imports. Italy, Germany, the United States, Japan, France and South Korea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest laser suppliers to Lithuania were China ($X), Switzerland ($X) and Poland ($X), together comprising X% of total imports. Germany, France, the United States, Japan, Italy and South Korea lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers 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 laser import price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price showed a deep contraction. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 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 France ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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