Lithuania: Transportation Vehicle Body Market 2025

Transportation Vehicle Body Market Size in Lithuania

The Lithuanian transportation vehicle body market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption recorded a measured increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Transportation Vehicle Body Production in Lithuania

In value terms, transportation vehicle body production soared to $X in 2022 estimated in export price. Overall, production saw a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 792%. Transportation vehicle body production peaked in 2022 and is expected to retain growth in the near future.

Transportation Vehicle Body Exports

Exports from Lithuania

In 2022, overseas shipments of bodies for motor vehicles for the transporting people increased by 262% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports, however, saw a abrupt contraction. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, transportation vehicle body exports soared to $X in 2022. In general, exports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2015 when exports increased by 556% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X units) was the main destination for transportation vehicle body exports from Lithuania, with a 58% share of total exports. Moreover, transportation vehicle body exports to Kazakhstan exceeded the volume sent to the second major destination, Kyrgyzstan (X units), twofold. The third position in this ranking was held by Tajikistan (X units), with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan stood at +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+60.9% per year) and Tajikistan (+26.0% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for bodies for motor vehicles for the transporting people exports from Lithuania, comprising 49% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a 17% share of total exports. It was followed by Tajikistan, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Kazakhstan amounted to +27.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+65.6% per year) and Tajikistan (+47.1% per year).

Export Prices by Country

The average transportation vehicle body export price stood at $X per unit in 2022, falling by -25.7% against the previous year. In general, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by 175% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Kyrgyzstan ($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 Uzbekistan (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.

Transportation Vehicle Body Imports

Imports into Lithuania

In 2022, approx. X units of bodies for motor vehicles for the transporting people were imported into Lithuania; rising by 42% compared with 2021. Overall, imports enjoyed a moderate increase. The growth pace was the most rapid in 2016 with an increase of 476%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, transportation vehicle body imports reduced slightly to $X in 2022. In general, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 196% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Poland (X units) constituted the largest transportation vehicle body supplier to Lithuania, accounting for a 61% share of total imports. Moreover, transportation vehicle body imports from Poland exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), fourfold. The third position in this ranking was taken by the Czech Republic (X units), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume from Poland totaled +51.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+275.0% per year) and the Czech Republic (+50.2% per year).

In value terms, Poland ($X) constituted the largest supplier of bodies for motor vehicles for the transporting people to Lithuania, comprising 78% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 3.9% share of total imports. It was followed by the UK, with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at +45.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+80.2% per year) and the UK (+29.9% per year).

Import Prices by Country

The average transportation vehicle body import price stood at $X per unit in 2022, waning by -31.1% against the previous year. In general, the import price, however, recorded prominent growth. The growth pace was the most rapid in 2013 an increase of 355%. Over the period under review, average import prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+40.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform