Lithuania - Ball Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBall Bearing Price in Lithuania - 2023
Contents:
- Ball Bearing Price in Lithuania (CIF) - 2023
- Ball Bearing Price in Lithuania (FOB) - 2023
- Ball Bearing Imports in Lithuania
- Ball Bearing Exports in Lithuania
Ball Bearing Price in Lithuania (CIF) - 2023
In November 2023, the import price in Lithuania amounted to $13,873 per ton, with an increase of 8.9% against the previous month. Overall, the import price, however, recorded a mild downturn. The growth pace was the most rapid in April 2023 an increase of 26% month-to-month. Over the period under review, import prices attained the peak figure at $17,870 per ton in July 2023; however, from August 2023 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In November 2023, the country with the highest price was Germany ($44,872 per ton), while Malaysia ($4,163 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Poland (+4.0%), while the other leaders experienced more modest paces of growth.
Ball Bearing Price in Lithuania (FOB) - 2023
In November 2023, the export price in Lithuania amounted to $7,828 per ton, declining by -4.7% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 45% m-o-m. The Lithuania export price peaked at $13,957 per ton in January 2023; however, from February 2023 to November 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($40,414 per ton), while the Czech Republic ($3,993 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Poland (+8.8%), while the other leaders experienced more modest paces of growth.
Ball Bearing Imports in Lithuania
In 2022, approx. 1.3K tons of ball bearings were imported into Lithuania; which is down by -3.7% on the previous year. The total import volume increased at an average annual rate of +4.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 22%. As a result, imports reached the peak of 1.4K tons, and then declined slightly in the following year.
In value terms, ball bearing imports reduced to $16M in 2022. The total import value increased at an average annual rate of +6.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 22%. As a result, imports attained the peak of $17M, and then contracted in the following year.
| Import of Ball Bearing in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,837 | 1,453 | 1,903 | 1,974 | 2.4% |
| China | 1,410 | 1,574 | 2,142 | 1,929 | 11.0% |
| United States | 1,254 | 1,000 | 1,289 | 1,375 | 3.1% |
| Italy | 527 | 418 | 563 | 602 | 4.5% |
| Mexico | 518 | 433 | 583 | 595 | 4.7% |
| Netherlands | 445 | 432 | 519 | 518 | 5.2% |
| India | 435 | 343 | 533 | 499 | 4.7% |
| France | 514 | 380 | 460 | 467 | -3.1% |
| South Korea | 348 | 302 | 401 | 395 | 4.3% |
| Brazil | 244 | 226 | 333 | 393 | 17.2% |
| Russia | 246 | 219 | 331 | 340 | 11.4% |
| Belgium | 147 | 242 | 318 | 292 | 25.7% |
| Indonesia | 246 | 178 | 237 | 239 | -1.0% |
| Others | -8,157.8 | -7,185.9 | -9,595.1 | -9,600.9 | 5.6% |
| Total | 13.5 | 13.8 | 16.8 | 16.4 | 6.7% |
Top Suppliers of Ball Bearing to Lithuania in 2022:
- Germany (127.9K tons)
- United States (94.5K tons)
- China (73.8K tons)
- Italy (46.1K tons)
- Mexico (45.1K tons)
- Netherlands (44.1K tons)
- Brazil (42.5K tons)
- France (32.5K tons)
- Indonesia (30.6K tons)
- Russia (29.3K tons)
- Belgium (27.8K tons)
- South Korea (25.7K tons)
- India (22.4K tons)
Ball Bearing Exports in Lithuania
In 2022, approx. 752 tons of ball bearings were exported from Lithuania; with a decrease of -11.2% against the year before. The total export volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. As a result, the exports attained the peak of 847 tons, and then shrank in the following year.
In value terms, ball bearing exports fell remarkably to $8.5M in 2022. The total export value increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 39% against the previous year. As a result, the exports attained the peak of $10M, and then declined rapidly in the following year.
| Export of Ball Bearing in Lithuania (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.6 | 2.5 | 3.5 | 3.6 | 11.5% |
| Japan | 1.8 | 1.5 | 2.0 | 1.9 | 1.8% |
| Germany | 1.7 | 1.6 | 2.0 | 1.9 | 3.8% |
| Italy | 0.9 | 0.7 | 0.9 | 0.9 | 0.0% |
| France | 0.8 | 0.6 | 0.8 | 0.7 | -4.4% |
| Netherlands | 0.4 | 0.4 | 0.5 | 0.6 | 14.5% |
| South Korea | 0.5 | 0.4 | 0.5 | 0.5 | 0.0% |
| Thailand | 0.4 | 0.4 | 0.5 | 0.5 | 7.7% |
| Singapore | 0.5 | 0.4 | 0.4 | 0.3 | -15.7% |
| Poland | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | -9.8 | -8.6 | -11.2 | -11.1 | 4.2% |
| Total | N/A | N/A | N/A | N/A | 0% |
Top Export Markets for Ball Bearing from Lithuania in 2022:
- China (532.2K tons)
- Japan (106.6K tons)
- Germany (70.9K tons)
- Italy (61.2K tons)
- South Korea (41.5K tons)
- France (35.9K tons)
- Netherlands (35.2K tons)
- Poland (24.6K tons)
- Thailand (19.3K tons)
- Singapore (16.5K tons)
This report provides an in-depth analysis of the ball bearing 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 28151030 - Ball bearings
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- 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
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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