
Lithuania - Trucks - Market Analysis, Forecast, Size, Trends and Insights
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Truck Market Size in Lithuania
The revenue of the truck market in Lithuania amounted to $X in 2018, growing by X% against the previous year. In general, truck consumption, however, continues to indicate an abrupt setback. The pace of growth appeared the most rapid in 2018 when the market value increased by X% y-o-y. Lithuania truck consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.
Truck Production in Lithuania
In value terms, truck production amounted to $X in 2018 estimated in export prices. Overall, truck production, however, continues to indicate a dramatic reduction. The growth pace was the most rapid in 2010 with a decrease of -X% y-o-y. Over the period under review, truck production reached its peak figure level at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.
Truck Exports
Exports from Lithuania
In 2018, the amount of trucks exported from Lithuania amounted to X units, dropping by -X% against the previous year. Over the period under review, truck exports continue to indicate a deep descent. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, truck exports reached their maximum at X units in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.
In value terms, truck exports totaled $X in 2018. In general, truck exports continue to indicate a drastic setback. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, truck exports attained their maximum at $X in 2013; however, from 2014 to 2018, exports remained at a lower figure.
Exports by Country
Thailand was the main exporting country with an export of about X units, which reached X% of total exports. Mexico (X units) ranks second in terms of the total exports with a X% share, followed by the U.S. (X%). Japan (X units), France (X units), Germany (X units), Turkey (X units), Italy (X units), Spain (X units), South Africa (X units), Belgium (X units) and Argentina (X units) took a little share of total exports.
Thailand was also the fastest-growing in terms of the trucks exports, with a CAGR of +X% from 2007 to 2018. At the same time, Argentina (+X%), France (+X%), Turkey (+X%), Belgium (+X%) and South Africa (+X%) displayed positive paces of growth. By contrast, Japan (-X%), Spain (-X%), Mexico (-X%), Italy (-X%), Germany (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. Thailand (+X p.p.) significantly strengthened its position in terms of the global exports, while Germany, the U.S. and Mexico saw its share reduced by -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest truck markets from Lithuania were Mexico ($X), the U.S. ($X) and Germany ($X), together accounting for X% of total exports. Thailand, France, Japan, Spain, Italy, Turkey, Belgium, Argentina, South Africa and Lithuania lagged somewhat behind, together comprising a further X Africa experienced the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2018, the truck export price in Lithuania amounted to $X per unit, picking up by X% against the previous year. Overall, the export price indicated a slight increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of X% year-to-year. Lithuania export price peaked at $X per unit in 2011; however, from 2012 to 2018, export prices failed to regain their momentum.
There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($X per unit), while Thailand ($X per unit) was amongst the lowest.
From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced more modest paces of growth.
Truck Imports
Imports into Lithuania
In 2018, the imports of trucks into Lithuania amounted to X units, picking up by X% against the previous year. Over the period under review, truck imports, however, continue to indicate an abrupt contraction. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Lithuania imports peaked at X units in 2007; however, from 2008 to 2018, imports remained at a lower figure.
In value terms, truck imports stood at $X in 2018. In general, truck imports, however, continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Lithuania imports peaked at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.
Imports by Country
The Philippines was the main importing country with an import of around X units, which amounted to X% of total imports. It was distantly followed by the U.S. (X units) and Canada (X units), together generating a X% share of total imports. The UK (X units), France (X units), Australia (X units), Germany (X units) and Belgium (X units) followed a long way behind the leaders.
The Philippines was also the fastest-growing in terms of the trucks imports, with a CAGR of +X% from 2007 to 2018. At the same time, Canada (+X%), Australia (+X%), the U.S. (+X%) and Belgium (+X%) displayed positive paces of growth. France, the UK and Germany experienced a relatively flat trend pattern. From 2007 to 2018, the share of the Philippines, Canada and the U.S. increased by +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the U.S. ($X), Canada ($X) and the UK ($X) were the countries with the highest levels of imports in 2018, together accounting for X% of total imports. These countries were followed by France, Australia, Germany, Belgium, the Philippines and Lithuania, which together accounted for a further X Philippines experienced the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2018, the truck import price in Lithuania amounted to $X per unit, shrinking by -X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. Lithuania import price peaked at $X per unit in 2009; however, from 2010 to 2018, import prices remained at a lower figure.
Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per unit), while the Philippines ($X per unit) was amongst the lowest.
From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the UK, while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the truck market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29104110 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight . 5 tons (excluding dumpers for off-highway use)
- Prodcom 29104130 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight > 5 tons but . .20 tons (including vans) (excluding dumpers for off-highway use, tractors)
- Prodcom 29104140 - Goods vehicles with compression-ignition internal combustion piston engine (diesel or semi-diesel), of a gross vehicle weight > .20 tons (excluding dumpers designed for offhighway use)
- Prodcom 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new
Country coverage:
- Lithuania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Lithuania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
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