Lithuania: Brakes And Servo-Brakes Market 2025

Brakes And Servo-Brakes Market Size in Lithuania

After two years of growth, the Lithuanian brakes and servo-brakes market decreased by -63.3% to $X in 2022. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Brakes and servo-brakes consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Brakes And Servo-Brakes Production in Lithuania

In value terms, brakes and servo-brakes production totaled $X in 2022 estimated in export price. In general, production faced a dramatic setback. The most prominent rate of growth was recorded in 2019 with an increase of 4.5% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Brakes And Servo-Brakes Exports

Exports from Lithuania

Brakes and servo-brakes exports from Lithuania surged to X tons in 2022, jumping by 70% against the previous year. Over the period under review, exports recorded a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, brakes and servo-brakes exports soared to $X in 2022. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.6% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 31% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Kyrgyzstan (X tons), Kazakhstan (X tons) and Latvia (X tons) were the main destinations of brakes and servo-brakes exports from Lithuania, together accounting for 50% of total exports. Poland, Estonia, Armenia, Romania, Finland, Belarus, Hungary, Ukraine, Germany and Slovakia lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for Armenia (with a CAGR of +345.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for brakes and servo-brakes exported from Lithuania were Latvia ($X), Poland ($X) and Estonia ($X), together comprising 38% of total exports. Romania, Finland, Germany, Belarus, Kyrgyzstan, Hungary, Kazakhstan, Armenia, Ukraine and Slovakia lagged somewhat behind, together comprising a further 36%.

Armenia, with a CAGR of +354.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average brakes and servo-brakes export price stood at $X per ton in 2022, shrinking by -32% against the previous year. Overall, the export price showed a slight decrease. The growth pace was the most rapid in 2017 an increase of 10% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then fell dramatically in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Brakes And Servo-Brakes Imports

Imports into Lithuania

In 2022, brakes and servo-brakes imports into Lithuania rose notably to X tons, surging by 12% against the year before. Over the period under review, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 25%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, brakes and servo-brakes imports stood at $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +8.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.5% against 2018 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 28%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

Poland (X tons), Germany (X tons) and China (X tons) were the main suppliers of brakes and servo-brakes imports to Lithuania, together accounting for 70% of total imports. Finland, Turkey, Spain, France, Belgium, the Netherlands, Ireland, Latvia, Italy and the UK lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +131.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and China ($X) appeared to be the largest brakes and servo-brakes suppliers to Lithuania, with a combined 58% share of total imports. Finland, Turkey, France, Spain, the Netherlands, Latvia, Belgium, Italy, the UK and Ireland lagged somewhat behind, together accounting for a further 27%.

Among the main suppliers, Ireland, with a CAGR of +118.6%, recorded the highest rates of growth with regard to the value of imports, 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 brakes and servo-brakes import price amounted to $X per ton, picking up by 2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2021 an increase of 18% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Latvia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform