Lithuania: Scrapers Excavator Market 2024

Scrapers Excavator Market Size in Lithuania

The Lithuanian scrapers excavator market was finally on the rise to reach $X in 2022, after six years of decline. Over the period under review, consumption, however, recorded a sharp descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Scrapers Excavator Production in Lithuania

In value terms, scrapers excavator production shrank markedly to $X in 2022 estimated in export price. In general, production posted a significant increase. The growth pace was the most rapid in 2020 when the production volume increased by 587% against the previous year. Scrapers excavator production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Scrapers Excavator Exports

Exports from Lithuania

In 2022, scrapers excavator exports from Lithuania declined sharply to X units, dropping by -25.4% against 2021 figures. In general, exports recorded a deep slump. The pace of growth appeared the most rapid in 2018 when exports increased by 132%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, scrapers excavator exports reduced markedly to $X in 2022. Over the period under review, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of 222%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units), Kazakhstan (X units) and Russia (X units) were the main destinations of scrapers excavator exports from Lithuania, with a combined 59% 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 Kazakhstan (with a CAGR of +36.2%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) emerged as the key foreign market for scrapers earth moving, excavating, extracting machinery (not self-propelled) exports from Lithuania, comprising 37% of total exports. The second position in the ranking was held by Russia ($X), with an 18% share of total exports. It was followed by the Netherlands, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan amounted to +39.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-26.3% per year) and the Netherlands (+276.8% per year).

Export Prices by Country

The average scrapers excavator export price stood at $X per unit in 2022, waning by -15% against the previous year. Over the period under review, the export price recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Kyrgyzstan ($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 the Netherlands (+38.1%), while the prices for the other major destinations experienced more modest paces of growth.

Scrapers Excavator Imports

Imports into Lithuania

In 2022, after two years of growth, there was significant decline in supplies from abroad of scrapers earth moving, excavating, extracting machinery (not self-propelled), when their volume decreased by -25.2% to X units. Over the period under review, imports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 133%. Imports peaked at X units in 2021, and then dropped markedly in the following year.

In value terms, scrapers excavator imports contracted rapidly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 231% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and Finland (X units) were the main suppliers of scrapers excavator imports to Lithuania, with a combined 78% share of total imports. The Netherlands, Latvia, Poland, France, Bulgaria, Italy, Japan and Croatia lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +30.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest scrapers excavator suppliers to Lithuania were China ($X), Germany ($X) and Finland ($X), with a combined 63% share of total imports. Bulgaria, the Netherlands, France, Italy, Latvia, Poland, Croatia, Japan, Denmark and Norway lagged somewhat behind, together comprising a further 27%.

France, with a CAGR of +26.9%, recorded the highest growth rate of the value of imports, in terms of 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 scrapers excavator import price stood at $X per unit in 2022, declining by -10.5% against the previous year. Overall, the import price showed a abrupt shrinkage. The growth pace was the most rapid in 2018 when the average import price increased by 41% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform