Lithuania: Market for Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Numerically Controlled Sharpening Machines For Working Metal in Lithuania

The Lithuanian numerically controlled sharpening machine market dropped to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Numerically controlled sharpening machine consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Numerically Controlled Sharpening Machines For Working Metal in Lithuania

In value terms, numerically controlled sharpening machine production shrank to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 6.9% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Numerically Controlled Sharpening Machines For Working Metal

Exports from Lithuania

In 2022, exports of numerically controlled sharpening machines for working metal from Lithuania declined remarkably to X units, which is down by -20% against the previous year's figure. Over the period under review, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2016 with an increase of 260%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, numerically controlled sharpening machine exports expanded notably to $X in 2022. In general, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2016 when exports increased by 230% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units), Ukraine (X units) and Kazakhstan (X units) were the main destinations of numerically controlled sharpening machine exports from Lithuania. Moreover, numerically controlled sharpening machine exports in Russia exceeded the figures recorded by the second-largest exporter, Ukraine, twofold.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for numerically controlled sharpening machine exported from Lithuania were Russia ($X), Kazakhstan ($X) and Ukraine ($X).

Ukraine, with a CAGR of +16.5%, saw 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 a decline.

Export Prices by Country

The average numerically controlled sharpening machine export price stood at $X per unit in 2022, increasing by 33% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2019 when the average export price increased by 42% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Russia ($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 Ukraine (+16.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Numerically Controlled Sharpening Machines For Working Metal

Imports into Lithuania

Numerically controlled sharpening machine imports into Lithuania declined to X units in 2022, with a decrease of -9.1% against 2021 figures. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 140%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, numerically controlled sharpening machine imports totaled $X in 2022. Overall, imports, however, showed notable growth. The growth pace was the most rapid in 2013 when imports increased by 419% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X units), China (X units) and Poland (X units) were the main suppliers of numerically controlled sharpening machine imports to Lithuania, with a combined 80% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +73.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of numerically controlled sharpening machines for working metal to Lithuania, comprising 50% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports. It was followed by Germany, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled +103.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+61.6% per year) and Germany (-13.3% per year).

Import Prices by Country

The average numerically controlled sharpening machine import price stood at $X per unit in 2022, picking up by 14% against the previous year. In general, the import price continues to indicate tangible growth. The pace of growth was the most pronounced in 2018 an increase of 270%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Germany ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+77.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform