Lithuania: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Lithuania

The Lithuanian trailer and semi-trailer market fell to $X in 2022, reducing by -14.3% against the previous year. Overall, consumption saw a mild slump. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Trailer And Semi-Trailer Production in Lithuania

In value terms, trailer and semi-trailer production rose significantly to $X in 2022 estimated in export price. Overall, the total production indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +22.1% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 53%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Trailer And Semi-Trailer Exports

Exports from Lithuania

In 2022, the amount of cargo trailers and semi-trailers exported from Lithuania totaled X units, surging by 7.4% compared with 2021 figures. In general, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 61% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, trailer and semi-trailer exports dropped modestly to $X in 2022. Over the period under review, exports continue to indicate a mild increase. The pace of growth was the most pronounced in 2017 with an increase of 80%. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell modestly in the following year.

Exports by Country

Uzbekistan (X units), Kazakhstan (X units) and Sweden (X units) were the main destinations of trailer and semi-trailer exports from Lithuania, together accounting for 38% of total exports. Kyrgyzstan, Germany, Poland, Russia, Norway, Latvia, Tajikistan, Belarus, Azerbaijan and Ukraine lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tajikistan (with a CAGR of +47.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for trailer and semi-trailer exported from Lithuania were Uzbekistan ($X), Poland ($X) and Russia ($X), with a combined 44% share of total exports. Kazakhstan, Belarus, Kyrgyzstan, Germany, Latvia, Sweden, Norway, Ukraine, Azerbaijan and Tajikistan lagged somewhat behind, together accounting for a further 37%.

Tajikistan, with a CAGR of +43.5%, saw the highest rates of growth with regard to 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

In 2022, the average trailer and semi-trailer export price amounted to $X per unit, dropping by -8.6% against the previous year. Over the period under review, the export price showed a deep setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 32%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Tajikistan ($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 Poland (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports into Lithuania

In 2022, the amount of cargo trailers and semi-trailers imported into Lithuania declined to X units, with a decrease of -6.1% against 2021 figures. Over the period under review, imports, however, saw pronounced growth. The growth pace was the most rapid in 2017 with an increase of 47% against the previous year. Imports peaked at X units in 2021, and then declined in the following year.

In value terms, trailer and semi-trailer imports expanded sharply to $X in 2022. Overall, imports, however, posted a measured increase. The growth pace was the most rapid in 2016 when imports increased by 80% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest trailer and semi-trailer supplier to Lithuania, with a 47% share of total imports. Moreover, trailer and semi-trailer imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold. The third position in this ranking was taken by Estonia (X units), with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+1.8% per year) and Estonia (+6.0% per year).

In value terms, Germany ($X) constituted the largest supplier of cargo trailers and semi-trailers to Lithuania, comprising 74% of total imports. The second position in the ranking was taken by Poland ($X), with a 9.5% share of total imports. It was followed by Denmark, with a 2.5% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+4.5% per year) and Denmark (-10.0% per year).

Import Prices by Country

In 2022, the average trailer and semi-trailer import price amounted to $X per unit, picking up by 21% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 36%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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 Germany ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform