Lithuania: Printing Press Market 2024

Printing Press Market Size in Lithuania

The Lithuanian printing press market dropped markedly to $X in 2022, with a decrease of -70.1% against the previous year. Overall, consumption recorded a noticeable decrease. As a result, consumption reached the peak level of $X, and then dropped dramatically in the following year.

Printing Press Production in Lithuania

In value terms, printing press production reduced notably to $X in 2022 estimated in export price. Overall, production saw a deep setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by 474% against the previous year. Printing press production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Printing Press Exports

Exports from Lithuania

In 2022, overseas shipments of printing presses were finally on the rise to reach X units after two years of decline. Overall, exports recorded a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, printing press exports soared to $X in 2022. In general, exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2017 when exports increased by 89%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for printing press exports from Lithuania, accounting for a 64% share of total exports. Moreover, printing press exports to Russia exceeded the volume sent to the second major destination, France (X units), threefold. The third position in this ranking was held by Kazakhstan (X units), with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled +16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+104.2% per year) and Kazakhstan (0.0% per year).

In value terms, Russia ($X) remains the key foreign market for printing presses exports from Lithuania, comprising 62% of total exports. The second position in the ranking was held by France ($X), with a 13% share of total exports. It was followed by Uzbekistan, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+35.1% per year) and Uzbekistan (+107.8% per year).

Export Prices by Country

In 2022, the average printing press export price amounted to $X per unit, waning by -66.3% against the previous year. Over the period under review, the export price saw a abrupt decrease. The growth pace was the most rapid in 2017 an increase of 76% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to North Macedonia ($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 Uzbekistan (+58.5%), while the prices for the other major destinations experienced more modest paces of growth.

Printing Press Imports

Imports into Lithuania

In 2022, the amount of printing presses imported into Lithuania shrank sharply to X units, with a decrease of -85.9% compared with the previous year's figure. Overall, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 1,122%. As a result, imports reached the peak of X units, and then reduced markedly in the following year.

In value terms, printing press imports contracted to $X in 2022. Over the period under review, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 312% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest printing press supplier to Lithuania, with a 34% share of total imports. Moreover, printing press imports from Japan exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. Germany (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+48.7% per year) and Germany (+19.6% per year).

In value terms, Germany ($X), Italy ($X) and Latvia ($X) appeared to be the largest printing press suppliers to Lithuania, together comprising 73% of total imports.

Italy, with a CAGR of +83.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average printing press import price stood at $X per unit in 2022, with an increase of 530% against the previous year. Over the period under review, the import price recorded mild growth. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+33.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform