Lithuania: Non-Electric Chainsaw Market 2024

Non-Electric Chainsaw Market Size in Lithuania

For the third year in a row, the Lithuanian non-electric chainsaw market recorded growth in sales value, which increased by 12% to $X in 2022. In general, consumption showed a buoyant increase. Non-electric chainsaw consumption peaked in 2022 and is expected to retain growth in the immediate term.

Non-Electric Chainsaw Exports

Exports from Lithuania

In 2022, exports of chainsaws with a self-contained non-electric motor from Lithuania skyrocketed to X units, increasing by 118% against the previous year. In general, exports posted a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-electric chainsaw exports surged to $X in 2022. Over the period under review, exports posted a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Latvia (X units) was the main destination for non-electric chainsaw exports from Lithuania, with a 62% share of total exports. Moreover, non-electric chainsaw exports to Latvia exceeded the volume sent to the second major destination, Kyrgyzstan (X units), twofold. The third position in this ranking was held by Estonia (X units), with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Latvia totaled +26.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+94.8% per year) and Estonia (-1.9% per year).

In value terms, Latvia ($X) remains the key foreign market for chainsaws with a self-contained non-electric motor exports from Lithuania, comprising 80% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a 4.9% share of total exports. It was followed by Finland, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value to Latvia totaled +21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+100.3% per year) and Finland (+129.7% per year).

Export Prices by Country

In 2022, the average non-electric chainsaw export price amounted to $X per unit, dropping by -18% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-electric chainsaw export price increased by +33.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 63% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Kazakhstan ($X per unit), while the average price for exports to Kyrgyzstan ($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 Kazakhstan (+35.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Chainsaw Imports

Imports into Lithuania

In 2022, the amount of chainsaws with a self-contained non-electric motor imported into Lithuania soared to X units, growing by 32% compared with 2021 figures. Overall, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 44% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, non-electric chainsaw imports skyrocketed to $X in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +120.4% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 56%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), Germany (X units) and Sweden (X units) were the main suppliers of non-electric chainsaw imports to Lithuania, with a combined 78% share of total imports. Poland, Estonia, the United States and Latvia lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +65.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Sweden ($X) were the largest non-electric chainsaw suppliers to Lithuania, together accounting for 85% of total imports. Estonia, the United States, Poland and Latvia lagged somewhat behind, together comprising a further 12%.

Poland, with a CAGR of +53.0%, 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

The average non-electric chainsaw import price stood at $X per unit in 2022, dropping by -7.4% against the previous year. Over the period under review, the import price saw a noticeable downturn. The most prominent rate of growth was recorded in 2021 an increase of 16%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 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 Germany ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform