Lithuania: Linoleum Manufacturing Machine Market 2024

Linoleum Manufacturing Machine Market Size in Lithuania

In 2022, the Lithuanian linoleum manufacturing machine market decreased by -75.9% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a abrupt decrease. Linoleum manufacturing machine consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Linoleum Manufacturing Machine Exports

Exports from Lithuania

In 2022, overseas shipments of machines used in the manufacture of linoleum or other floor coverings increased by 18% to X units, rising for the third consecutive year after two years of decline. In general, exports showed temperate growth. The growth pace was the most rapid in 2014 when exports increased by 602% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, linoleum manufacturing machine exports totaled $X in 2022. Overall, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2014 when exports increased by 505% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Uzbekistan (X units) was the main destination for linoleum manufacturing machine exports from Lithuania, accounting for a 50% share of total exports. Moreover, linoleum manufacturing machine exports to Uzbekistan exceeded the volume sent to the second major destination, Russia (X units), twofold. Belarus (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uzbekistan amounted to +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-3.9% per year) and Belarus (-8.7% per year).

In value terms, Uzbekistan ($X) remains the key foreign market for machines used in the manufacture of linoleum or other floor coverings exports from Lithuania, comprising 61% of total exports. The second position in the ranking was held by Russia ($X), with a 15% share of total exports. It was followed by Estonia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Uzbekistan stood at +20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-2.4% per year) and Estonia (+58.9% per year).

Export Prices by Country

In 2022, the average linoleum manufacturing machine export price amounted to $X per unit, waning by -12.4% against the previous year. Overall, the export price, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of 75%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($X per unit), while the average price for exports to India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Linoleum Manufacturing Machine Imports

Imports into Lithuania

In 2022, supplies from abroad of machines used in the manufacture of linoleum or other floor coverings decreased by -39.7% to X units for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 1,022% against the previous year. Imports peaked at X units in 2021, and then plummeted in the following year.

In value terms, linoleum manufacturing machine imports declined to $X in 2022. Overall, imports, however, saw significant growth. The pace of growth was the most pronounced in 2013 with an increase of 933%. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of linoleum manufacturing machine to Lithuania, accounting for a 64% share of total imports. Moreover, linoleum manufacturing machine imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was taken by Spain (X units), with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +58.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+57.0% per year) and Spain (+60.4% per year).

In value terms, Germany ($X) constituted the largest supplier of machines used in the manufacture of linoleum or other floor coverings to Lithuania, comprising 53% of total imports. The second position in the ranking was taken by Italy ($X), with a 14% share of total imports. It was followed by Spain, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +60.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+47.2% per year) and Spain (+164.1% per year).

Import Prices by Country

The average linoleum manufacturing machine import price stood at $X per unit in 2022, with an increase of 48% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, linoleum manufacturing machine import price increased by +58.0% against 2020 indices. The growth pace was the most rapid in 2014 an increase of 98%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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 Norway ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+32.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform