Printed circuits market in Lithuania

Earlier Report Observations

Between 2018 and 2024, the printed circuits market in Lithuania showed contrasting trends in volume and value. Market volume in physical terms grew from 3.5 million units in 2018 to a peak of 4.5 million units in 2022, then contracted to 3.5 million units in 2024. In contrast, the market's value expanded strongly from $37.9 million in 2018 to $82.4 million in 2023, before a slight correction to $80.4 million in 2024.

The sustained growth in market value occurred alongside a significant increase in the value of imports, which rose from $23.0 million in 2018 to $68.4 million in 2024. This indicates that the market's monetary expansion was supported by higher-priced imported products, even as domestic production in volume terms remained within a range of 3.0 to 3.6 million units annually.

The period concluded with a notable divergence in 2024: physical market volume fell by 21% year-on-year, while market value declined only 2%. This underscores a structural shift within the market towards products with higher unit values, softening the impact of volume reductions on overall market size.

Production printed circuits in Lithuania

In value, 2018-2021, K $ US

Lithuania's printed circuit production has grown for the third consecutive year. In 2021, the output value reached 29,000 thousand US dollars, marking a 3.4% increase compared to the previous year. From 2018 to 2021, production rose by 17.6%, which translates to an average annual growth rate of 5.5%.

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

In kind, 2018-2021, K unit

In 2021, Lithuania produced 3,545 thousand units of printed circuits, representing a 17.6% increase from the previous year. Between 2018 and 2021, production grew by 13.4%, averaging 4.3% per year. The lowest production level was recorded in 2020 at 3,013 thousand units, with the largest decline of 12.2% occurring that same year.

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

Exports printed circuits from Lithuania

Exports in kind, K unit

Lithuania's exports of printed circuits have increased for the second year in a row. In 2021, export volume reached 94.0 thousand units, up by 58.6% compared to the prior year. From 2018 to 2021, exports grew by 28.9%, with a compound annual growth rate of 8.8%. The lowest export volume was in 2019 at 56.3 thousand units, when the largest decline of 22.7% was recorded.

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

Between 2018 and 2021, Lithuania's exports of printed circuits in kind were not heavily concentrated on a few key markets. Poland accounted for 17.1% of exports, Latvia for 14.3%, and the Netherlands for 11.9%, with these three countries together making up only 43.3% 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 exports of printed circuits in value terms have declined for the second consecutive year. In 2021, export volume amounted to 10,032 thousand US dollars, showing a slight decrease of 0.6% from the previous year. From 2018 to 2021, exports increased by 2.7%, averaging 0.9% per year. The highest value was recorded in 2019 at 10,323 thousand US dollars, with the largest increase of 5.7% that year. The largest decline occurred in 2020 at 2.3%.

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

The structure of Lithuania's exports in value terms from 2018 to 2021 can be described as diversified. Norway accounted for 25.2% of exports, Poland for 7.7%, and Latvia for 7.7%, with these three countries together representing just 40.6% of total flows, and no single country held a clearly dominant position.

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

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

Imports printed circuits to Lithuania

Imports in kind, K unit

Lithuania's imports of printed circuits have risen for the third consecutive year. In 2021, imports stood at 914.8 thousand units, up by 62.9% compared to 2020. From 2018 to 2021, imports increased by 128.1%, with an average annual growth rate of 31.6%.

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

From 2018 to 2021, China consistently accounted for 78.1% of Lithuania's total imports of printed circuits in kind, indicating a high concentration on this market, while the remaining share was distributed among other countries.

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 imports of printed circuits in value terms have grown for the third year in a row. In 2021, import volume reached 52,869 thousand US dollars, reflecting a significant increase of 61.5% compared to the previous year. Over the period from 2018 to 2021, imports rose by 129.5%, with a compound annual growth rate of 31.9%.

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

Throughout 2018 to 2021, China, Germany, and Sweden formed the key group of partners for Lithuania's imports of printed circuits in value terms. China accounted for 66.7% of imports, Germany for 10.9%, and Sweden for 4.7%, with these three countries together representing 82.2% of total import flows.

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

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