Lithuania: Escalator Market 2025

Escalator Market Size in Lithuania

The Lithuanian escalator market contracted notably to $X in 2022, shrinking by -36.8% against the previous year. Overall, consumption showed a abrupt decline. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Escalator Production in Lithuania

In value terms, escalator production contracted to $X in 2022 estimated in export price. In general, production recorded a deep slump. The growth pace was the most rapid in 2014 when the production volume increased by 74% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Escalator Exports

Exports from Lithuania

In 2022, overseas shipments of escalators and moving WalkWays increased by 100% to X units, rising for the second year in a row after three years of decline. In general, exports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 400%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, escalator exports soared to $X in 2022. Over the period under review, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 461% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X units) was the main destination for escalator exports from Lithuania, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at -2.8%.

In value terms, Russia ($X) also remains the key foreign market for escalators and moving WalkWays exports from Lithuania.

From 2012 to 2022, the average annual growth rate of value to Russia totaled -2.8%.

Export Prices by Country

In 2022, the average escalator export price amounted to $X per unit, with an increase of 94% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Belarus amounted to +5.9% per year.

Escalator Imports

Imports into Lithuania

In 2022, approx. X units of escalators and moving WalkWays were imported into Lithuania; declining by -85.7% on 2021. In general, imports recorded a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 950%. As a result, imports attained the peak of X units, and then fell rapidly in the following year.

In value terms, escalator imports declined sharply to $X in 2022. Overall, imports faced a deep reduction. The pace of growth was the most pronounced in 2016 when imports increased by 716% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Slovakia (X units) and Germany (X units) were the main suppliers of escalator imports to Lithuania. Moreover, escalator imports in Slovakia exceeded the figures recorded by the second-largest supplier, Germany, twofold.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of 0.0%).

In value terms, Slovakia ($X) constituted the largest supplier of escalators and moving WalkWays to Lithuania, comprising 100% of total imports. The second position in the ranking was taken by Germany ($X), with a 0.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovakia amounted to -12.1%.

Import Prices by Country

In 2022, the average escalator import price amounted to $X per unit, surging by 49% against the previous year. Over the period under review, the import price, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2017 when the average import price increased by 66% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a 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 Slovakia ($X per unit), while the price for Germany stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+5.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform