Lithuania: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2024

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in Lithuania

The Lithuanian market for pulley tackle and hoists powered by an electric motor declined significantly to $X in 2022, which is down by -47.5% against the previous year. In general, consumption, however, showed a remarkable increase. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Pulley Tackle And Hoists Powered By An Electric Motor in Lithuania

In value terms, production of pulley tackle and hoists powered by an electric motor reduced modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a sharp setback. The pace of growth appeared the most rapid in 2019 with an increase of 6%. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports from Lithuania

In 2022, exports of pulley tackle and hoists powered by an electric motor from Lithuania shrank to X units, waning by -9.1% compared with 2021 figures. Over the period under review, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 133%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of pulley tackle and hoists powered by an electric motor reduced sharply to $X in 2022. Overall, exports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 161% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kyrgyzstan (X units), Russia (X units) and Latvia (X units) were the main destinations of exports of pulley tackle and hoists powered by an electric motor from Lithuania, with a combined 93% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kyrgyzstan (with a CAGR of +68.4%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Kyrgyzstan ($X) and Latvia ($X) were the largest markets for pulley tackle and hoists powered by an electric motor exported from Lithuania worldwide, together accounting for 74% of total exports.

In terms of the main countries of destination, Kyrgyzstan, with a CAGR of +74.3%, recorded the highest rates of growth with regard to 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

In 2022, the average export price for pulley tackle and hoists powered by an electric motor amounted to $X per unit, reducing by -45.3% against the previous year. In general, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 an increase of 71%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per unit), while the average price for exports to Kyrgyzstan ($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 Latvia (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports into Lithuania

In 2022, imports of pulley tackle and hoists powered by an electric motor into Lithuania shrank markedly to X units, with a decrease of -34.7% compared with the year before. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 190% against the previous year. Over the period under review, imports of hit record highs at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of pulley tackle and hoists powered by an electric motor dropped significantly to $X in 2022. In general, imports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2013 when imports increased by 156%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Poland (X units), Germany (X units) and China (X units) were the main suppliers of imports of pulley tackle and hoists powered by an electric motor to Lithuania, together comprising 70% of total imports. Belgium, Italy, Estonia, Finland, Bulgaria, Latvia and France lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +81.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Lithuania, comprising 41% of total imports. The second position in the ranking was taken by Finland ($X), with a 16% share of total imports. It was followed by Poland, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+49.3% per year) and Poland (+21.0% per year).

Import Prices by Country

The average import price for pulley tackle and hoists powered by an electric motor stood at $X per unit in 2022, declining by -32% against the previous year. Over the period under review, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 152%. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Finland ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform