Key Market Indicators
Sales of lighting in Lithuania are expected to reach €86 million by 2026, up from €70 million in 2021. This is an increase of 2.8% year-on-year compounded annual growth rate (CAGR). Since 2013, the Lithuanian market has grown by 5.2% year-on-year. In 2021, Lithuania placed 23rd in the ranking, behind Estonia with €70 million. Italy, the Netherlands, and Poland took the second, third, and fourth places, respectively. Imports of lighting to Lithuania are projected to reach $42.8 million by 2026, up from $36.4 million in 2021. This is an increase of 2.7% year-on-year CAGR. Since 1999, Lithuanian demand has increased by 6% year-on-year. In 2021, the country was 57th in the ranking, behind Algeria with $36.4 million. Germany, the United Kingdom, and France placed second, third, and fourth, respectively. Exports of lighting from Lithuania are forecast to reach $35.2 million by 2026, up from $29.7 million in 2021. This is an increase of 2.9% year-on-year CAGR. Since 1999, Lithuanian supply has risen by 7.1% year-on-year. In 2021, Lithuania was 35th in the ranking, behind India with $29.7 million. Germany, the United States, and Italy were the second, third, and fourth-placed countries, respectively.
Lithuania Lighting Market Data and Forecasts
How much will Lithuania Lighting Market grow to 2026?
More in Lighting Industry for 2028Improve your Knowledge with the latest Indicators and Trends
-
Surgical and Dental Lighting: Exploring Market Trends and Technological Innovations
The lighting industry in healthcare, specifically in surgical and dental environments, has been witnessing significant growth. Advancements in technology have led to improvements in the quality, longevity, and efficiency of lighting solutions. Market demand has been steadily driven by the increasing number of surgical and dental procedures globally, as well...
Discover more insights -
Automotive Lighting: Unveiling Global Trends, Opportunities, and Technological Advances
The automotive lighting sector is observing a substantial transformation led by persistent global trends. Predominantly, the industry sees a robust shift towards energy-efficient solutions such as LEDs due to their longer life span and reduced energy consumption. In hand with the escalating popularity of electric and hybrid vehicles, the demand...
Discover more insights -
Lighting Fixtures and Equipment Industry: A Deep Dive into Manufacturing and Distribution Trends
The lighting fixtures and equipment market is witnessing significant changes, primarily driven by technological advancements and sustainability initiatives. Manufacturers are increasingly adopting LED technology due to its energy efficiency, long lifespan, and suitability for a wide range of applications. Automation of manufacturing processes is on the rise, improving efficiency and...
Discover more insights -
Lighting Fixtures Industry: Thriving Trends and Future Growth in Vehicle Segment
The lighting fixtures industry has seen significant changes with the advancing technology. The current market trends highlight a strong shift towards energy-efficient and eco-friendly lighting solutions, driven by regulatory norms and consumer awareness. Progressive technologies such as Light Emitting Diodes (LEDs) and Organic Light Emitting Diodes (OLEDs) are becoming increasingly...
Discover more insights -
Lighting Fixtures: Navigating Product Trends and Market Dynamics in the Global Sector
The rise of technology in the lighting fixtures industry is an observable trend, with the increasing growth of smart lighting and energy-efficient LED products. This trend reflects the consumer's growing environmental consciousness and demand for energy saving solutions. Additionally, the aesthetics and design of lighting fixtures have also taken center...
Discover more insights