Ac/Dc Motor Market Overview in Lithuania
In value terms, ac/dc motor production rose remarkably to $ in 2019 estimated in export prices. Over the period under review, the total production indicated measured growth from 2007 to 2019: its value decreased at an average annual rate of -% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by % against the previous year. Lithuania production peaked in 2019 and is expected to retain growth in the immediate term.
The revenue of the ac/dc motor market in Lithuania dropped to $ in 2019, standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of % y-o-y. Over the period under review, the market hit record highs at $ in 2018, and then reduced slightly in the following year.