Lithuania: Crane Lorry Market 2020

Crane Lorry Market Size in Lithuania

The revenue of the crane lorry market in Lithuania amounted to $X in 2018, picking up by X% against the previous year. In general, the total market indicated a resilient expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, crane lorry consumption increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2017 when the market value increased by X% against the previous year. Lithuania crane lorry consumption peaked in 2018 and is likely to continue its growth in the near future.

Crane Lorry Production in Lithuania

In value terms, crane lorry production totaled $X in 2018 estimated in export prices. Overall, crane lorry production continues to indicate a strong expansion. The pace of growth was the most pronounced in 2009 when production volume increased by X% against the previous year. Lithuania crane lorry production peaked at $X in 2010; however, from 2011 to 2018, production failed to regain its momentum.

Crane Lorry Exports

Exports from Lithuania

In 2018, the crane lorry exports from Lithuania totaled X units, waning by -X% against the previous year. Overall, crane lorry exports continue to indicate a drastic descent. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, crane lorry exports reached their peak figure at X units in 2010; however, from 2011 to 2018, exports stood at a somewhat lower figure.

In value terms, crane lorry exports amounted to $X in 2018. Over the period under review, crane lorry exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. In that year, crane lorry exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

Luxembourg (X units) and Namibia (X units) dominates crane lorry exports structure, together committing X% of total exports. Uganda (X units) ranks next in terms of the total exports with a X% share, followed by Jamaica (X%). Germany (X units) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Namibia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest crane lorry supplier from Lithuania, comprising X% of global exports. The second position in the ranking was occupied by Lithuania ($X), with a X% share of global exports. It was followed by Luxembourg, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Germany was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Lithuania (+X% per year) and Luxembourg (-X% per year).

Export Prices by Country

The crane lorry export price in Lithuania stood at $X per unit in 2018, rising by X% against the previous year. Over the period under review, the crane lorry export price continues to indicate a skyrocketing increase. The pace of growth was the most pronounced in 2018 when the export price increased by X% y-o-y. In that year, the export prices for crane lorries reached their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while Jamaica ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced a decline in the export price figures.

Crane Lorry Imports

Imports into Lithuania

In 2018, the imports of crane lorries into Lithuania amounted to X units, declining by -X% against the previous year. In general, crane lorry imports continue to indicate an abrupt curtailment. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Lithuania imports peaked at X units in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, crane lorry imports amounted to $X in 2018. Overall, crane lorry imports continue to indicate a slight slump. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. In that year, crane lorry imports reached their peak of $X. From 2015 to 2018, the growth of crane lorry imports remained at a lower figure.

Imports by Country

Belgium was the major importing country with an import of around X units, which finished at X% of total imports. It was distantly followed by Saint Lucia (X units), comprising a X% share of total imports.

Imports into Belgium increased at an average annual rate of +X% from 2007 to 2018. At the same time, Saint Lucia (+X%) displayed positive paces of growth. Moreover, Saint Lucia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. While the share of Belgium (+X p.p.) and Saint Lucia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported crane lorries into Lithuania, comprising X% of global imports. The second position in the ranking was occupied by Lithuania ($X), with a X% share of global imports.

From 2007 to 2018, the average annual rate of growth in terms of value in Belgium totaled -X%. In the other countries, the average annual rates were as follows: Lithuania (-X% per year) and Saint Lucia (+X% per year).

Import Prices by Country

In 2018, the crane lorry import price in Lithuania amounted to $X per unit, jumping by X% against the previous year. In general, the crane lorry import price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Lithuania import price peaked in 2018 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Belgium ($X per unit), while Saint Lucia stood at $X per unit.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Belgium.

Source: IndexBox Platform