Fans market in Lithuania

Earlier Report Observations

The Lithuanian fan market, measured in value terms, showed considerable volatility from 2018 to 2024. In 2018, the market reached $26.4 million, shaped by the entry of major ventilation equipment traders such as Komfovent and AIRWAVE LIETUVA, which strengthened wholesale distribution. Technological improvements, including external controllers for industrial fans and growing popularity of household models with heat exchangers, expanded product variety. However, market size fell sharply to $16.7 million in 2019.

A recovery began in 2020 as the market rose to $18.9 million, coinciding with the COVID-19 pandemic, which focused attention on medical ventilator production and led to supply contracts between local manufacturers and the Ministry of Health. A strong rebound followed in 2021, with market value climbing to $26.3 million, driven by the continued expansion of wholesale traders and the introduction of new quiet and energy-efficient fan models that met growing consumer demand for adjustable-speed devices. Growth continued into 2022, peaking at $27.8 million, supported by regulatory emphasis on energy efficiency, consumer preferences for silent and aesthetically pleasing designs like bladeless and tower fans, and new product showcases at the RESTA 2022 construction fair.

The market then entered a downward phase, declining to $22.1 million in 2023 and further to $20.8 million in 2024.

Production fans in Lithuania

In value, 2018-2021, K $ US

Lithuania's fan production rebounded after two years of decline. In 2021, output reached 4 820 K $ US, marking a robust 20.5% increase compared to the previous year. Over the period from 2018 to 2021, production grew by 3.1%, averaging an annualized rate of 1.0%. The lowest value was recorded in 2020 at 4 001 K $ US, which also saw the largest decline of 12.2%.

Annual dynamics of production in Lithuania in value, 2018-2021, K $ US

In kind, 2018-2021, K unit

The data shows irregular fluctuations, reflecting a volatile market environment. Production varied significantly, with a 3.1-fold difference between the low in 2020 and the high in 2021. In 2021, Lithuania produced 105.7 K units of fans, representing a dramatic 206.0% improvement over 2020. The minimum value was recorded in 2020 at 34.5 K units, which also experienced the largest decline of 16.2%.

Annual dynamics of production in Lithuania in kind, 2018-2021, K unit

Exports fans from Lithuania

Exports in kind, K unit

Lithuania's fan exports increased for the second consecutive year. In 2021, exports reached 429 K units, corresponding to a dramatic 43.9% advance compared to 2020. Over the 2018-2021 period, exports grew by 37.1%, with a compound annual growth rate (CAGR) of 11.1%. The minimum value was recorded in 2019 at 267 K units, which also saw the largest decline of 14.7%.

Annual dynamics of product's exports from Lithuania in kind, 2018-2021, K unit

From 2018 to 2021, Russia, Latvia, and Belarus were the key destinations for Lithuania's fan exports in kind. Russia accounted for 33.2% of exports, Latvia for 25.4%, and Belarus for 9.9%, together representing 68.4% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Lithuania in kind, 2018-2021

Exports in value, K $ US

Lithuania's fan export volume increased for the second year in a row. In 2021, exports stood at 20 266 K $ US, equivalent to a 9.2% rise over the previous year. Over the 2018-2021 period, exports grew by 11.6%, with a CAGR of 3.7%. The minimum value was recorded in 2019 at 16 778 K $ US, which also experienced the largest decline of 7.6%. The largest increase occurred in 2020, with a 10.6% gain.

Annual dynamics of product's exports from Lithuania in value, 2018-2021, K $ US

Between 2018 and 2021, three main markets—Russia, Belarus, and Latvia—collectively absorbed 61.9% of the total value of fan exports from Lithuania.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Lithuania in value, 2018-2021

Imports fans to Lithuania

Imports in kind, K unit

Lithuania's cross-border shipments of fans increased for the second consecutive year. In 2021, imports amounted to 1 447 K units, marking a sharp 60.6% increase compared to 2020. However, over the 2018-2021 period, imports decreased by 2.2%, averaging an annualized decline of 0.7%. The minimum value was recorded in 2019 at 867 K units, which also saw the largest decline of 41.4%.

Annual dynamics of product's imports to Lithuania in kind, 2018-2021, K unit

From 2018 to 2021, China, Poland, and Germany were the leading suppliers of fans to Lithuania in kind. China accounted for 38.2% of imports, Poland for 14.2%, and Germany for 10.5%, with their combined share reaching 62.9% of total imports.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Lithuania in kind, 2018-2021

Imports in value, K $ US

Lithuania's volume of fan imports increased for the second year in a row. In 2021, import volume amounted to 41 698 K $ US, corresponding to a substantial 24.7% improvement compared to 2020. Over the 2018-2021 period, imports grew by 4.6%, with a CAGR of 1.5%. The minimum value was recorded in 2019 at 28 929 K $ US, which also experienced the largest decline of 27.4%.

Annual dynamics of product's imports to Lithuania in value, 2018-2021, K $ US

Between 2018 and 2021, Poland, Germany, and Italy continued to head the list of suppliers of fans to Lithuania in value terms. Poland accounted for 24.5% of imports, Germany for 21.2%, and Italy for 9.8%, jointly taking 55.6% of total import value.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Lithuania in value, 2018-2021