Lithuania: Hand Tools Market 2020

Hand Tools Market Size in Lithuania

The revenue of the hand tools market in Lithuania amounted to $X in 2018, going up by X% against the previous year. Overall, hand tools consumption continues to indicate a mild reduction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Lithuania hand tools consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Hand Tools Production in Lithuania

In value terms, hand tools production stood at $X in 2018 estimated in export prices. In general, hand tools production continues to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2014 when production volume increased by X% y-o-y. Lithuania hand tools production peaked at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Hand Tools Exports

Exports from Lithuania

In 2018, the hand tools exports from Lithuania totaled X tons, rising by X% against the previous year. Overall, hand tools exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% year-to-year. Over the period under review, hand tools exports attained their peak figure in 2018 and are expected to retain its growth in the near future.

In value terms, hand tools exports stood at $X in 2018. In general, hand tools exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Lithuania exports peaked in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

China was the major exporter of hand tools in the world, with the volume of exports reaching X tons, which was approx. X% of total exports in 2018. Taiwan, Chinese (X tons) held an X% share (based on tons) of total exports, which put it in second place, followed by Germany (X%). The following exporters - India (X tons), the Netherlands (X tons), Italy (X tons), the U.S. (X tons), Mexico (X tons) and Belgium (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, the Netherlands (+X%), Mexico (+X%), Belgium (+X%) and India (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Germany and Taiwan, Chinese experienced a relatively flat trend pattern. By contrast, the U.S. (-X%) and Italy (-X%) illustrated a downward trend over the same period. China (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual rate of growth in terms of value in China stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+X% per year) and Taiwan, Chinese (+X% per year).

Export Prices by Country

In 2018, the hand tools export price in Lithuania amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price indicated strong growth 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, hand tools export price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2009 an increase of X% y-o-y. Lithuania export price peaked in 2018 and is expected to retain its growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($X per ton), while India ($X per ton) was amongst the lowest.

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

Hand Tools Imports

Imports into Lithuania

In 2018, the amount of hand tools imported into Lithuania stood at X tons, falling by -X% against the previous year. Overall, hand tools imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Lithuania imports peaked at X tons in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, hand tools imports stood at $X in 2018. Over the period under review, the total imports indicated a moderate increase from 2007 to 2018: its value decreased 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, hand tools imports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. 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 tons), distantly followed by Germany (X tons) represented the main importers of hand tools, together comprising X% of total imports. Russia (X tons), the UK (X tons), the Netherlands (X tons), France (X tons), Poland (X tons), Mexico (X tons), Indonesia (X tons), Belgium (X tons), Canada (X tons) and India (X tons) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, India (+X%), Indonesia (+X%), Mexico (+X%), Russia (+X%), the Netherlands (+X%), Belgium (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Germany and France experienced a relatively flat trend pattern. By contrast, Canada (-X%) and the UK (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.) significantly strengthened its position in terms of the global imports, while the UK saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual growth rate of value in the U.S. amounted to +X%. 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 hand tools import price in Lithuania amounted to $X per ton, going up by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2012 an increase of X% against the previous year. Over the period under review, the import prices for hand tools reached their maximum at $X per ton in 2015; however, from 2016 to 2018, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform