Lithuania: Motor Vehicle Engine Market 2020

Motor Vehicle Engine Market Size in Lithuania

The revenue of the motor vehicle engine market in Lithuania amounted to $X in 2018, rising by X% against the previous year. Over the period under review, motor vehicle engine consumption continues to indicate a prominent expansion. The growth pace was the most rapid in 2008 when the market value increased by X% year-to-year. Over the period under review, the motor vehicle engine market reached its peak figure level in 2018 and is likely to see steady growth in the immediate term.

Motor Vehicle Engine Production in Lithuania

In value terms, motor vehicle engine production amounted to $X in 2018 estimated in export prices. Over the period under review, motor vehicle engine production, however, continues to indicate an outstanding increase. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Lithuania motor vehicle engine production peaked in 2018 and is expected to retain its growth in the immediate term.

Motor Vehicle Engine Exports

Exports from Lithuania

In 2018, the amount of motor vehicle engines (spark-ignition) exported from Lithuania totaled X units, falling by -X% against the previous year. Overall, motor vehicle engine exports, however, continue to indicate an outstanding expansion. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. Over the period under review, motor vehicle engine exports attained their maximum at X units in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

In value terms, motor vehicle engine exports amounted to $X in 2018. Overall, motor vehicle engine exports, however, continue to indicate extraordinary growth. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, motor vehicle engine exports attained their peak figure at $X in 2017, and then declined slightly in the following year.

Exports by Country

In 2018, Germany (X units), distantly followed by the U.S. (X units), Japan (X units), China (X units), Mexico (X units), Hungary (X units) and Austria (X units) were the key exporters of motor vehicle engines (spark-ignition), together constituting X% of total exports. The UK (X units), Canada (X units), France (X units), Romania (X units) and South Korea (X units) took a little share of total exports.

From 2007 to 2018, average annual rates of growth with regard to motor vehicle engine exports from Germany stood at +X%. At the same time, South Korea (+X%), France (+X%), Romania (+X%), Austria (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Japan experienced a relatively flat trend pattern. By contrast, Mexico (-X%), Canada (-X%), Hungary (-X%), China (-X%) and the UK (-X%) illustrated a downward trend over the same period. Germany (+X p.p.), France (+X p.p.), the U.S. (+X p.p.) and Romania (+X p.p.) significantly strengthened its position in terms of the global exports, while Hungary, Mexico, the UK and China saw its share reduced by -X%, -X%, -X% and -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. ($X), Germany ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2018, together accounting for X% of total exports. Hungary, Mexico, Canada, France, Austria, the UK, China, South Korea, Romania and Lithuania lagged somewhat behind, together comprising a further X experienced the highest growth rate of exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the motor vehicle engine export price in Lithuania amounted to $X per unit, dropping by -X% against the previous year. Over the period under review, the motor vehicle engine export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the export price increased by X% y-o-y. Over the period under review, the export prices for motor vehicle engines (spark-ignition) attained their maximum at $X per unit in 2012; however, from 2013 to 2018, export prices stood at a somewhat lower figure.

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

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

Motor Vehicle Engine Imports

Imports into Lithuania

Motor vehicle engine imports into Lithuania amounted to X units in 2018, increasing by X% against the previous year. Overall, motor vehicle engine imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% year-to-year. Over the period under review, motor vehicle engine imports attained their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, motor vehicle engine imports stood at $X in 2018. Overall, motor vehicle engine imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Over the period under review, motor vehicle engine imports reached their maximum at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X units), distantly followed by Mexico (X units), Canada (X units) and Germany (X units) represented the major importers of motor vehicle engines (spark-ignition), together mixing up X% of total imports. The following importers - Russia (X units), China (X units), Turkey (X units), Spain (X units), the Czech Republic (X units), Poland (X units), Hungary (X units) and Brazil (X units) - together made up X% of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Mexico (+X%), Turkey (+X%), Hungary (+X%), Brazil (+X%), Russia (+X%), China (+X%), Poland (+X%) and the Czech Republic (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Canada (-X%), Spain (-X%) and Germany (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Mexico, the U.S., Turkey, Russia and China increased by +X%, +X%, +X%, +X% and +X% percentage points, while Canada (-X p.p.), Spain (-X p.p.) and Germany (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported motor vehicle engines (spark-ignition) into Lithuania, comprising X% of global imports. The second position in the ranking was occupied by Canada ($X), with a X% share of global imports. It was followed by Germany, 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: Canada (-X% per year) and Germany (-X% per year).

Import Prices by Country

The motor vehicle engine import price in Lithuania stood at $X per unit in 2018, dropping by -X% against the previous year. Over the period under review, the motor vehicle engine import price continues to indicate a deep deduction. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Lithuania import price peaked at $X per unit in 2007; however, from 2008 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 Spain ($X per unit), while Brazil ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform