Lithuania: Interchangeable Tool Market 2020

Interchangeable Tool Market Size in Lithuania

The revenue of the interchangeable tool market in Lithuania amounted to $X in 2018, waning by -X% against the previous year. Over the period under review, interchangeable tool consumption continues to indicate a drastic contraction. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Lithuania interchangeable tool consumption peaked at $X in 2014; however, from 2015 to 2018, consumption remained at a lower figure.

Interchangeable Tool Production in Lithuania

In value terms, interchangeable tool production totaled $X in 2018 estimated in export prices. Over the period under review, interchangeable tool production, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 when production volume increased by X% y-o-y. Over the period under review, interchangeable tool production attained its peak figure level at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Interchangeable Tool Exports

Exports from Lithuania

Interchangeable tool exports from Lithuania stood at X tons in 2018, increasing by X% against the previous year. In general, interchangeable tool exports continue to indicate remarkable growth. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, interchangeable tool exports reached their maximum in 2018 and are likely to see steady growth in the immediate term.

In value terms, interchangeable tool exports stood at $X in 2018. Over the period under review, interchangeable tool exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Lithuania exports peaked in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

In 2018, China (X tons), distantly followed by South Korea (X tons), Germany (X tons), Japan (X tons) and Italy (X tons) represented the largest exporters of interchangeable tools for hand tools, together mixing up X% of total exports. The U.S. (X tons), Taiwan, Chinese (X tons), Canada (X tons), Spain (X tons) and Turkey (X tons) held a relatively small share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Turkey (+X%), Canada (+X%), South Korea (+X%) and Taiwan, Chinese (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Japan, Italy, the U.S. and Spain experienced a relatively flat trend pattern. By contrast, Germany (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) and South Korea (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Germany (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), China ($X) and Japan ($X) were the countries with the highest levels of exports in 2018, together accounting for X% of total exports. These countries were followed by the U.S., South Korea, Italy, Taiwan, Chinese, Canada, Spain, Turkey and Lithuania, which together accounted for a further X terms of the main exporting countries, Turkey recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The interchangeable tool export price in Lithuania stood at $X per ton in 2018, falling by -X% against the previous year. Overall, the interchangeable tool export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by X% year-to-year. Over the period under review, the export prices for interchangeable tools for hand tools attained their peak figure at $X per ton in 2008; however, from 2009 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while Turkey ($X per ton) 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 more modest paces of growth.

Interchangeable Tool Imports

Imports into Lithuania

In 2018, the imports of interchangeable tools for hand tools into Lithuania totaled X tons, going down by -X% against the previous year. Overall, interchangeable tool imports, however, continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, interchangeable tool imports attained their peak figure at X tons in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

In value terms, interchangeable tool imports amounted to $X in 2018. Overall, interchangeable tool imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Lithuania imports peaked in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X tons), followed by Germany (X tons), China (X tons) and Spain (X tons) were the key importers of interchangeable tools for hand tools, together making up X% of total imports. Mexico (X tons), Russia (X tons), France (X tons), the UK (X tons), India (X tons), Japan (X tons), Austria (X tons) and Brazil (X tons) took a minor share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Mexico, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and China ($X) constituted the countries with the highest levels of imports in 2018, together comprising X% of total imports. These countries were followed by Mexico, France, India, Japan, Russia, the UK, Spain, Austria, Brazil and Lithuania, which together accounted for a further X recorded the highest rates of growth with regard to imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The interchangeable tool import price in Lithuania stood at $X per ton in 2018, jumping by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2018 an increase of X% year-to-year. In that year, the import prices for interchangeable tools for hand tools reached their peak level and is likely to continue its growth in the immediate term.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform