Lithuania: Market for Mechanical Shovels, Excavators And Shovel Loaders 2019

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Lithuania

The revenue of the mechanical shovel and excavator 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). Over the period under review, mechanical shovel and excavator consumption, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Lithuania mechanical shovel and excavator consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from Lithuania

In 2018, approx. X units of mechanical shovels, excavators and shovel loaders were exported from Lithuania; declining by -X% against the previous year. Over the period under review, mechanical shovel and excavator exports, however, continue to indicate a moderate expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, mechanical shovel and excavator exports reached their maximum at X units in 2010; however, from 2011 to 2018, exports remained at a lower figure.

In value terms, mechanical shovel and excavator exports amounted to $X in 2018. Overall, mechanical shovel and excavator exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Lithuania exports peaked at $X in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Oman dominates mechanical shovel and excavator exports structure, amounting to X units, which was approx. X% of total exports in 2018. Japan (X units), China (X units), the UK (X units), South Korea (X units) and Uganda (X units) followed a long way behind the leaders.

Oman was also the fastest-growing in terms of the mechanical shovels, excavators and shovel loaders exports, with a CAGR of +X% from 2007 to 2018. At the same time, Uganda (+X%) and China (+X%) displayed positive paces of growth. The UK experienced a relatively flat trend pattern. By contrast, Japan (-X%) and South Korea (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Oman and Uganda increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest mechanical shovel and excavator supplier from Lithuania, comprising X% of global exports. The second position in the ranking was occupied by China ($X), with a X% share of global exports. It was followed by South Korea, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Japan was relatively modest. In the other countries, the average annual rates were as follows: China (+X% per year) and South Korea (+X% per year).

Export Prices by Country

In 2018, the mechanical shovel and excavator export price in Lithuania amounted to $X per unit, going up by X% against the previous year. In general, the export price indicated a remarkable expansion 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. Based on 2018 figures, mechanical shovel and excavator export price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2008 when the export price increased by X% against the previous year. Lithuania export price peaked at $X per unit in 2013; however, from 2014 to 2018, export prices failed to regain their momentum.

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

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

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into Lithuania

In 2018, the mechanical shovel and excavator imports into Lithuania stood at X units, jumping by X% against the previous year. In general, mechanical shovel and excavator imports, however, continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Lithuania imports peaked at X units in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, mechanical shovel and excavator imports stood at $X in 2018. In general, mechanical shovel and excavator imports, however, continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. Over the period under review, mechanical shovel and excavator imports reached their maximum at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

The United Arab Emirates was the largest importer of mechanical shovels, excavators and shovel loaders in the world, with the volume of imports finishing at X units, which was near X% of total imports in 2018. It was distantly followed by Bahrain (X units), constituting a X% share of total imports. Qatar (X units), Angola (X units), the U.S. (X units), Iraq (X units) and the Netherlands (X units) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Bahrain (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported mechanical shovels, excavators and shovel loaders into Lithuania, comprising X% of global imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of global imports. It was followed by the United Arab Emirates, with a X% share.

In the U.S., mechanical shovel and excavator 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: the Netherlands (+X% per year) and the United Arab Emirates (-X% per year).

Import Prices by Country

In 2018, the mechanical shovel and excavator import price in Lithuania amounted to $X per unit, increasing 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 2018 when the import price increased by X% y-o-y. In that year, the import prices for mechanical shovels, excavators and shovel loaders reached their peak level and is likely to continue its growth in the immediate term.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform