In 2023, the Insulated Winding Wire Market in Lithuania stood at 864.32 Thousand Kilograms. The market has experienced fluctuations over the past decade, with a notable growth period from 2013 to 2017 and some contractions between 2018 and 2019. Recent years show stability with modest increases, as seen in the year-on-year variations of 4.64% in 2022 and 4.39% in 2023. Over the last five years, the Compound Annual Growth Rate (CAGR) is approximately 1.63%, suggesting a slow yet steady upward trend.
Future trends to watch for include:
- Technological advancements in wire insulation.
- Regulatory changes impacting production and material selection.
- Demand shifts driven by energy-efficient motors and renewable energy projects.
# | 12 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Italy | 244,240,000 | 2023 | +3.64% | +2.95% | View data |
2 | 2 Germany | 54,492,000 | 2023 | -7.8% | -7.52% | View data |
3 | 3 United Kingdom | 25,871,000 | 2023 | -3.51% | -3.18% | View data |
4 | 4 France | 23,922,000 | 2023 | -8.01% | -4.56% | View data |
5 | 5 Czech Republic | 22,519,000 | 2023 | -8.12% | -5.65% | View data |
10 | 10 Finland | 3,267,300 | 2023 | -9.27% | -5.99% | View data |
11 | 11 Estonia | 1,842,300 | 2023 | +2.13% | +0.43% | View data |
12 | 12 Lithuania | 864,320 | 2023 | +4.39% | +1.63% |