Lithuania: Internal Combustion Engines Market 2020

Internal Combustion Engines Market Size in Lithuania

The revenue of the internal combustion engines market in Lithuania amounted to $X in 2018, reducing by -X% against the previous year. Over the period under review, internal combustion engines consumption continues to indicate a moderate contraction. The growth pace was the most rapid in 2012 when the market value increased by X% year-to-year. Lithuania internal combustion engines consumption peaked at $X in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.

Internal Combustion Engines Production in Lithuania

In value terms, internal combustion engines production totaled $X in 2018 estimated in export prices. In general, the total output indicated a modest increase from 2007 to 2018: its value 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, internal combustion engines production decreased by -X% against 2013 indices. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, internal combustion engines production reached its peak figure level at $X in 2013; however, from 2014 to 2018, production failed to regain its momentum.

Internal Combustion Engines Exports

Exports from Lithuania

In 2018, the internal combustion engines exports from Lithuania totaled X units, going up by X% against the previous year. Over the period under review, internal combustion engines exports continue to indicate an extraordinary expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, internal combustion engines exports attained their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, internal combustion engines exports stood at $X in 2018. In general, internal combustion engines exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. Over the period under review, internal combustion engines exports attained their peak figure at $X in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

Exports by Country

The countries with the highest levels of internal combustion engines exports in 2018 were the UK (X units), Hungary (X units), France (X units), Poland (X units), the U.S. (X units), Germany (X units), Italy (X units), Japan (X units), Austria (X units), Spain (X units), Sweden (X units) and Thailand (X units), together reaching X% of total export.

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

In value terms, the U.S. ($X), Germany ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports. Hungary, Austria, the UK, Sweden, Poland, Italy, Thailand, Japan, Spain and Lithuania lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to 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

The internal combustion engines export price in Lithuania stood at $X per unit in 2018, reducing by -X% against the previous year. Overall, the internal combustion engines export price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. Lithuania export price peaked at $X per unit in 2013; however, from 2014 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. ($X per unit), while Japan ($X per unit) was amongst the lowest.

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

Internal Combustion Engines Imports

Imports into Lithuania

In 2018, the amount of motor vehicles compression-ignition internal combustion piston engines imported into Lithuania stood at X units, reducing by -X% against the previous year. Overall, internal combustion engines imports continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2013 when imports increased by X% year-to-year. Over the period under review, internal combustion engines imports attained their maximum at X units in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, internal combustion engines imports stood at $X in 2018. Overall, internal combustion engines imports continue to indicate a drastic deduction. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, internal combustion engines imports attained their maximum at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Germany (X units), distantly followed by Mexico (X units), the U.S. (X units), Turkey (X units), the UK (X units) and the Czech Republic (X units) represented the key importers of motor vehicles compression-ignition internal combustion piston engines, together making up X% of total imports. The following importers - Spain (X units), Italy (X units), France (X units), Argentina (X units), Romania (X units) and Russia (X units) - together made up X% of total imports.

Imports into Germany increased at an average annual rate of +X% from 2007 to 2018. At the same time, Mexico (+X%), Argentina (+X%), the U.S. (+X%), Russia (+X%), the Czech Republic (+X%) and Romania (+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. Turkey experienced a relatively flat trend pattern. By contrast, Italy (-X%), the UK (-X%), Spain (-X%) and France (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Mexico, the U.S., the Czech Republic, Germany and Argentina increased by +X%, +X%, +X%, +X% and +X% percentage points, while Spain (-X p.p.), the UK (-X p.p.) and France (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Germany ($X) and the U.S. ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. Spain, Turkey, the Czech Republic, the UK, France, Italy, Russia, Argentina, Romania and Lithuania lagged somewhat behind, together comprising a further X terms of the main importing countries, Russia recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the internal combustion engines import price in Lithuania amounted to $X per unit, going up by X% against the previous year. Overall, the internal combustion engines import price, however, continues to indicate a drastic setback. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. Lithuania import price peaked at $X per unit in 2008; however, from 2009 to 2018, import prices failed to regain their momentum.

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