Lithuania: Electro-Mechanical Tool Market 2020

Electro-Mechanical Tool Market Size in Lithuania

The revenue of the electro-mechanical tool market in Lithuania amounted to $X in 2018, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, electro-mechanical tool consumption, however, continues to indicate modest growth. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Lithuania electro-mechanical tool consumption peaked in 2018 and is likely to see steady growth in the near future.

Electro-Mechanical Tool Exports

Exports from Lithuania

In 2018, the amount of electro-mechanical tools exported from Lithuania totaled X units, rising by X% against the previous year. Overall, the total exports indicated resilient growth from 2007 to 2018: its volume 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. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. In that year, electro-mechanical tool exports reached their peak of X units. From 2010 to 2018, the growth of electro-mechanical tool exports failed to regain its momentum.

In value terms, electro-mechanical tool exports amounted to $X in 2018. Overall, the total exports indicated a strong 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. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. In that year, electro-mechanical tool exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, China (X units) was the major exporter of electro-mechanical tools, committing X% of total exports. It was distantly followed by Germany (X units) and Mexico (X units), together committing a X% share of total exports. Belgium (X units), Austria (X units), Hungary (X units), Malaysia (X units), the Netherlands (X units), the U.S. (X units), Romania (X units) and the Czech Republic (X units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern of electro-mechanical tools exports. At the same time, Romania (+X%), Austria (+X%), Malaysia (+X%), Hungary (+X%), the Netherlands (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Belgium, Mexico and the Czech Republic experienced a relatively flat trend pattern. By contrast, Germany (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, Austria, Hungary and Malaysia increased by +X%, +X%, +X% and +X% percentage points, while Germany (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electro-mechanical tool supplier from Lithuania, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by Mexico, with a X% share.

In China, electro-mechanical tool exports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-X% per year) and Mexico (-X% per year).

Export Prices by Country

In 2018, the electro-mechanical tool export price in Lithuania amounted to $X per unit, rising by X% against the previous year. Overall, the export price indicated a temperate increase from 2007 to 2018: its price 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, electro-mechanical tool export price increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2014 when the export price increased by X% year-to-year. Lithuania export price peaked in 2018 and is expected to retain its growth in the near future.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Electro-Mechanical Tool Imports

Imports into Lithuania

In 2018, approx. X units of electro-mechanical tools were imported into Lithuania; increasing by X% against the previous year. In general, electro-mechanical tool imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X% y-o-y. In that year, electro-mechanical tool imports reached their peak and are likely to continue its growth in the immediate term.

In value terms, electro-mechanical tool imports amounted to $X in 2018. Over the period under review, electro-mechanical tool imports continue to indicate a measured increase. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. Lithuania imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X units), distantly followed by Germany (X units), Russia (X units), the UK (X units), France (X units) and the Netherlands (X units) were the largest importers of electro-mechanical tools, together comprising X% of total imports. Belgium (X units), Poland (X units), Canada (X units), Australia (X units), Italy (X units) and Japan (X units) occupied a little share of total imports.

From 2007 to 2018, average annual rates of growth with regard to electro-mechanical tool imports into the U.S. stood at +X%. At the same time, the Netherlands (+X%), Russia (+X%), Australia (+X%), Poland (+X%), Germany (+X%), the UK (+X%), Japan (+X%), Canada (+X%) and France (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Italy experienced a relatively flat trend pattern. By contrast, Belgium (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), Germany (+X p.p.), the Netherlands (+X p.p.) and Russia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported electro-mechanical tools into Lithuania, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

In the U.S., electro-mechanical tool imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

In 2018, the electro-mechanical tool import price in Lithuania amounted to $X per unit, dropping by -X% against the previous year. In general, the import price indicated a temperate increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the import price increased by X% year-to-year. In that year, the import prices for electro-mechanical tools attained their peak level of $X per unit. From 2014 to 2018, the growth in terms of the import prices for electro-mechanical tools remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform