The Lithuanian electronic and electric wires market exhibited a dynamic growth trajectory from 2013 to 2023. Starting at 16.219 million kilograms in 2013 and peaking at 25.684 million kilograms in 2023, the market saw notable fluctuations. Although growth was inconsistent, significant expansions occurred in 2015 and 2017. The market saw moderate growth in recent years, with a year-on-year increase of 3.26% from 2022 to 2023.
Key variations and trends:
- 2015 experienced an exceptional rise with a year-on-year increase of 23.59%.
- A volatile pattern appeared in the following years, with declines in 2014 and notably in 2019.
- The five-year CAGR from 2018 to 2023 recorded a modest average annual growth of 1.23%, reflecting steadier growth.
Looking ahead, the market’s trajectory may be influenced by technological advancements in smart grids, increased demand for efficient energy transmission, and evolving standards in cable manufacturing. Monitoring regulatory changes and sustainability shifts will be essential for future growth assessments.
How does Lithuania rank in Electronic and Electric Wires Market Size Volume?
# | 11 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 France | 482,240,000 | 2023 | +1.22% | +0.65% | View data |
2 | 2 United Kingdom | 359,160,000 | 2023 | -0.29% | +0.89% | View data |
3 | 3 Czech Republic | 180,880,000 | 2023 | +0.16% | -0.59% | View data |
4 | 4 Romania | 147,350,000 | 2023 | +4.19% | +1.01% | View data |
5 | 5 Belgium | 74,341,000 | 2023 | -2.29% | -2.55% | View data |
7 | 7 Denmark | 41,914,000 | 2023 | -0.25% | -0.23% | View data |
8 | 8 Croatia | 28,096,000 | 2023 | +1.57% | +0.34% | View data |
9 | 9 Lithuania | 25,684,000 | 2023 | +3.26% | +1.23% | |
10 | 10 Slovenia | 19,803,000 | 2023 | -4.21% | -4.09% | View data |
11 | 11 Latvia | 12,477,000 | 2023 | +1.26% | +2.01% | View data |