Lithuania: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Lithuania

In 2022, after three years of decline, there was significant growth in the Lithuanian pneumatic linear acting actuator market, when its value increased by 15% to $X. Overall, consumption recorded a deep slump. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Pneumatic Linear Acting Actuators in Lithuania

In value terms, pneumatic linear acting actuator production skyrocketed to $X in 2022 estimated in export price. In general, production recorded a noticeable descent. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Pneumatic Linear Acting Actuators

Exports from Lithuania

In 2022, the amount of pneumatic linear acting actuators exported from Lithuania contracted markedly to X units, reducing by -48.3% against 2021. Overall, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 345% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, pneumatic linear acting actuator exports declined significantly to $X in 2022. In general, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 249%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Kyrgyzstan (X units), Kazakhstan (X units) and Russia (X units) were the main destinations of pneumatic linear acting actuator exports from Lithuania, together accounting for 66% of total exports. The United Arab Emirates, Belarus, Armenia and Azerbaijan lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Armenia (with a CAGR of +5,599.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pneumatic linear acting actuator exported from Lithuania were Russia ($X), Kazakhstan ($X) and Kyrgyzstan ($X), together accounting for 66% of total exports. Armenia, Azerbaijan, Belarus and the United Arab Emirates lagged somewhat behind, together accounting for a further 16%.

Among the main countries of destination, Armenia, with a CAGR of +2,360.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pneumatic linear acting actuator export price stood at $X per unit in 2022, increasing by 8.5% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 35%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to the United Arab Emirates ($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 Belarus (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports into Lithuania

After two years of growth, overseas purchases of pneumatic linear acting actuators decreased by -35.3% to X units in 2022. Overall, imports, however, enjoyed prominent growth. The growth pace was the most rapid in 2013 with an increase of 216%. Imports peaked at X units in 2021, and then shrank dramatically in the following year.

In value terms, pneumatic linear acting actuator imports dropped significantly to $X in 2022. In general, imports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of 98% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest pneumatic linear acting actuator supplier to Lithuania, with a 54% share of total imports. Moreover, pneumatic linear acting actuator imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was taken by Italy (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+23.4% per year) and Italy (+15.6% per year).

In value terms, Germany ($X) constituted the largest supplier of pneumatic linear acting actuators to Lithuania, comprising 57% of total imports. The second position in the ranking was taken by Italy ($X), with a 12% share of total imports. It was followed by Poland, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+16.5% per year) and Poland (+17.8% per year).

Import Prices by Country

In 2022, the average pneumatic linear acting actuator import price amounted to $X per unit, rising by 26% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform