Lithuania: Optical Fiber Cables Market 2024

Optical Fiber Cables Market Size in Lithuania

The Lithuanian optical fiber cables market rose remarkably to $X in 2022, increasing by X% against the previous year. Overall, the total consumption 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, consumption decreased by X% against 2019 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Optical Fiber Cables Production in Lithuania

In value terms, optical fiber cables production shrank modestly to $X in 2022 estimated in export price. In general, production, however, enjoyed a perceptible increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

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Optical Fiber Cables Exports

Exports from Lithuania

In 2022, exports of optical fiber cables from Lithuania shrank to X tons, falling by X% compared with the year before. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, optical fiber cables exports shrank to $X in 2022. In general, exports showed a pronounced shrinkage. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X tons), Turkmenistan (X tons) and Estonia (X tons) were the main destinations of optical fiber cables exports from Lithuania, together comprising X% of total exports. Tajikistan, Russia, Kazakhstan and Belarus lagged somewhat behind, together accounting for 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 Kazakhstan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for optical fiber cables exported from Lithuania were Tajikistan ($X), Turkmenistan ($X) and Russia ($X), with a combined X% share of total exports. Latvia, Estonia, Kazakhstan and Belarus lagged somewhat behind, together comprising a further X%.

Kazakhstan, with a CAGR of X%, recorded 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

The average optical fiber cables export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price, however, continues to indicate resilient growth. The growth pace was the most rapid in 2017 an increase of X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat 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 Belarus ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (X%), while the prices for the other major destinations experienced more modest paces of growth.

Optical Fiber Cables Imports

Imports into Lithuania

In 2022, supplies from abroad of optical fiber cables increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, optical fiber cables imports shrank to $X in 2022. Overall, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Poland (X tons) and Indonesia (X tons) were the main suppliers of optical fiber cables imports to Lithuania, with a combined X% share of total imports. Belarus, Vietnam, the Netherlands, Estonia and Sweden 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 Vietnam (with a CAGR of X.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Poland ($X) and Belarus ($X) were the largest optical fiber cables suppliers to Lithuania, with a combined X% share of total imports. Indonesia, the Netherlands, Estonia, Vietnam and Sweden lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X.0%, saw the highest rates of growth with regard to 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

The average optical fiber cables import price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then fell dramatically in the following year.

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 Netherlands ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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