The electronic components market in Lithuania exhibited fluctuating trends from 2013 to 2023. By 2023, the market volume stood at 24.489 million. Over the decade, the market saw a significant dip between 2013 and 2016, followed by a surge in 2017. However, since 2017, it again faced gradual decline with slight recoveries, leading to an overall contraction.
Key highlights include:
- Year-on-year variations over the past two years indicated slight negative trends of -0.73% in 2022 and -0.72% in 2023.
- The five-year CAGR leading up to 2023 at -1.45% suggests a continued market decline.
Future trends to watch for include potential technology advancements, shifts in regional demand influenced by global supply chains disruptions, and the impact of Lithuania's economic policies aimed at boosting the electronics sector.
