Manufacturing Sector Report 2023
We are proud to welcome you to the 4th edition of the Manufacturing Sector Report. 2022 was the year when the market was predicted to return to normal after the turbulence of the pandemic. Unfortunately, this proved to be far from the case. In this year’s report, we’ll delve into how geo-political tensions and economic crises impacted the manufacturing landscape in Lithuania. We’ll also illustrate how, through its resilience, Lithuania’s Manufacturing sector managed to withstand much of this instability, and in some areas even make impressive gains.
We hope you find this report informative and insightful, and that you will emerge from your reading with a greater sense of the achievements and potential of the country’s manufacturing sector.
Manufacturing brands, present in Lithuania,
sharing their personal stories
Lithuania’s manufacturing
sector at a glance
-
Lithuania retains its position as a leading FDI magnet in Europe
Since 2012, FDI to Lithuania has generated €3.47 billion and created 16,691 new full-time jobs.
-
The manufacturing industry plays a key role in Lithuania’s economy
The manufacturing sector generates around 20% of Lithuania’s GDP.
-
Significant growth among foreign companies expected in 2023-2024
68% of the companies surveyed are planning to introduce new functions or significantly expand existing ones in 2023-2024.
