Lithuania: Market for Vacuum Pumps and Air or Gas Compressors 2025

Market Size for Vacuum Pumps and Air or Gas Compressors in Lithuania

In 2022, after two years of growth, there was significant decline in the Lithuanian market for vacuum pumps and air or gas compressors, when its value decreased by -11% to $X. The market value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then dropped in the following year.

Production of Vacuum Pumps and Air or Gas Compressors in Lithuania

In value terms, production of vacuum pumps and air or gas compressors dropped sharply to $X in 2022 estimated in export price. Overall, production saw a abrupt downturn. The growth pace was the most rapid in 2017 when the production volume increased by 46%. Production of peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Lithuania

In 2022, overseas shipments of vacuum pumps and air or gas compressors decreased by -37.3% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports continue to indicate a slight decline. The growth pace was the most rapid in 2021 when exports increased by 30%. As a result, the exports attained the peak of X units, and then dropped dramatically in the following year.

In value terms, exports of vacuum pumps and air or gas compressors reduced sharply to $X in 2022. Over the period under review, exports saw a pronounced downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 31% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2021, and then declined sharply in the following year.

Exports by Country

Estonia (X units), Latvia (X units) and Kazakhstan (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from Lithuania, with a combined 53% share of total exports. Russia, Poland, Kyrgyzstan, Belarus, Ukraine, Finland, Germany and Bulgaria lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kyrgyzstan (with a CAGR of +131.4%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Poland ($X) and Russia ($X) were the largest markets for vacuum pump and air or gas compressor exported from Lithuania worldwide, together accounting for 46% of total exports. Latvia, Estonia, Germany, Kyrgyzstan, Belarus, Ukraine, Finland and Bulgaria lagged somewhat behind, together accounting for a further 28%.

In terms of the main countries of destination, Kyrgyzstan, with a CAGR of +145.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for vacuum pumps and air or gas compressors amounted to $X per unit, shrinking by -23.5% against the previous year. Overall, the export price showed a perceptible downturn. The pace of growth appeared the most rapid in 2018 an increase of 25%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to Estonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+40.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Lithuania

After two years of growth, overseas purchases of vacuum pumps and air or gas compressors decreased by -10.5% to X units in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 27%. As a result, imports attained the peak of X units, and then fell in the following year.

In value terms, imports of vacuum pumps and air or gas compressors contracted remarkably to $X in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 36% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2021, and then reduced remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest vacuum pump and air or gas compressor supplier to Lithuania, accounting for a 43% share of total imports. Moreover, imports of vacuum pumps and air or gas compressors from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Italy (X units) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.0% per year) and Italy (-4.4% per year).

In value terms, the largest vacuum pump and air or gas compressor suppliers to Lithuania were Germany ($X), Italy ($X) and Poland ($X), together accounting for 47% of total imports.

Poland, with a CAGR of +19.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for vacuum pumps and air or gas compressors amounted to $X per unit, dropping by -9% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vacuum pumps and air or gas compressors decreased by -17.2% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 20%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform