Lithuania: Market for Motor Vehicle Chassis Fitted With Engines 2025

Market Size for Motor Vehicle Chassis Fitted With Engines in Lithuania

The Lithuanian market for motor vehicle chassis fitted with engines surged to $X in 2022, rising by 10,617% against the previous year. Over the period under review, consumption posted significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Motor Vehicle Chassis Fitted With Engines in Lithuania

In value terms, production of motor vehicle chassis fitted with engines surged to $X in 2022 estimated in export price. Over the period under review, production showed a significant increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Motor Vehicle Chassis Fitted With Engines

Exports from Lithuania

Exports of motor vehicle chassis fitted with engines from Lithuania rose slightly to X units in 2022, growing by 1.5% compared with the previous year. Over the period under review, exports, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2018 with an increase of 44%. Over the period under review, the exports of attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of motor vehicle chassis fitted with engines contracted to $X in 2022. Overall, exports, however, faced a deep slump. The pace of growth was the most pronounced in 2019 with an increase of 41% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X units) was the main destination for exports of motor vehicle chassis fitted with engines from Lithuania, accounting for a 63% share of total exports. Moreover, exports of motor vehicle chassis fitted with engines to Kazakhstan exceeded the volume sent to the second major destination, Poland (X units), ninefold. Tajikistan (X units) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan totaled -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+29.4% per year) and Tajikistan (-5.0% per year).

In value terms, Kazakhstan ($X), Poland ($X) and Bulgaria ($X) were the largest markets for motor vehicle chassis fitted with engines exported from Lithuania worldwide, together comprising 56% of total exports.

Bulgaria, with a CAGR of +137.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for motor vehicle chassis fitted with engines stood at $X per unit in 2022, dropping by -10.2% against the previous year. In general, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2019 when the average export price increased by 48% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per unit), while the average price for exports to Tajikistan ($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 Poland (+33.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motor Vehicle Chassis Fitted With Engines

Imports into Lithuania

In 2022, approx. X units of motor vehicle chassis fitted with engines were imported into Lithuania; picking up by 14% compared with 2021. Overall, imports, however, saw a mild decline. The pace of growth appeared the most rapid in 2020 with an increase of 350% against the previous year. Over the period under review, imports of attained the maximum at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of motor vehicle chassis fitted with engines skyrocketed to $X in 2022. In general, imports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2016 when imports increased by 291% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, the UK (X units) constituted the largest motor vehicle chassis fitted with engines supplier to Lithuania, with a 41% share of total imports. Moreover, imports of motor vehicle chassis fitted with engines from the UK exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold. Latvia (X units) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-2.9% per year) and Latvia (-3.4% per year).

In value terms, Latvia ($X) constituted the largest supplier of motor vehicle chassis fitted with engines to Lithuania, comprising 41% of total imports. The second position in the ranking was taken by Poland ($X), with an 18% share of total imports. It was followed by the UK, with an 18% share.

From 2012 to 2022, the average annual growth rate of value from Latvia amounted to -9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+3.4% per year) and the UK (+13.8% per year).

Import Prices by Country

The average import price for motor vehicle chassis fitted with engines stood at $X per unit in 2022, increasing by 39% against the previous year. In general, the import price, however, saw a abrupt descent. The pace of growth was the most pronounced in 2014 an increase of 107% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Latvia ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+46.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform