Key Market Indicators
Lithuanian Electrical Equipment Revenue is projected to hit €212 million by 2028, up from €174 million in 2023. This marks an average annual growth rate of 3.1%. Since 2013, the Lithuanian market has consistently grown at an average rate of 5.5% per year. In 2023, Lithuania ranked 27th in the global market, with Belgium slightly ahead at €174 million. France, Italy, and Spain occupied the second, third, and fourth positions, respectively. Turning to exports, Lithuanian Electrical Equipment Export is expected to reach approximately $3.06 billion by 2028, increasing from $2.6 billion in 2023. This represents an average annual growth rate of 2.5% since 1999, with supply jumping by an average of 3.2% each year. On the import side, Lithuanian Electrical Equipment Import is anticipated to grow to nearly $3.5 billion by 2028, up from about $3 billion in 2023. This marks an average annual growth rate of 2.3%. Since 1999, Lithuanian demand has consistently increased by an average of 3% per year.
