Lithuania - Ball and Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingBearing Price in Lithuania - 2023
Contents:
- Bearing Price in Lithuania (CIF) - 2023
- Bearing Price in Lithuania (FOB) - 2023
- Bearing Imports in Lithuania
- Bearing Exports in Lithuania
Bearing Price in Lithuania (CIF) - 2023
The average bearing import price stood at $15,370 per ton in November 2023, rising by 2.2% against the previous month. In general, the import price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 16% month-to-month. Over the period under review, average import prices attained the maximum at $19,784 per ton in November 2022; however, from December 2022 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($42,030 per ton), while the price for Malaysia ($4,061 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 Sweden (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Bearing Price in Lithuania (FOB) - 2023
The average bearing export price stood at $9,431 per ton in November 2023, falling by -5.4% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 23% against the previous month. Over the period under review, the average export prices attained the peak figure at $14,639 per ton in March 2023; however, from April 2023 to November 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Kazakhstan ($302K per ton), while the average price for exports to Bulgaria ($4,605 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.
Bearing Imports in Lithuania
In 2022, the amount of ball and roller bearings imported into Lithuania shrank slightly to 2.2K tons, falling by -4% compared with the previous year. The total import volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 23%. As a result, imports attained the peak of 2.3K tons, and then reduced slightly in the following year.
In value terms, bearing imports expanded rapidly to $36M in 2022. The total import value increased at an average annual rate of +10.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Bearing in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 5.4 | 5.7 | 7.2 | 8.4 | 15.9% |
| Germany | 4.0 | 5.4 | 5.3 | 5.8 | 13.2% |
| Sweden | 3.7 | 3.4 | 4.3 | 3.7 | 0.0% |
| China | 2.0 | 1.6 | 1.8 | 3.5 | 20.5% |
| France | 1.9 | 2.0 | 2.2 | 3.1 | 17.7% |
| Czech Republic | 0.5 | 0.2 | 0.4 | 2.3 | 66.3% |
| Italy | 1.7 | 2.3 | 2.1 | 2.0 | 5.6% |
| Malaysia | 0.1 | 0.7 | 1.2 | 0.8 | 100.0% |
| Latvia | 0.9 | 0.7 | 1.3 | 0.8 | -3.9% |
| India | 0.9 | 0.8 | 0.4 | 0.2 | -39.4% |
| Others | 5.3 | 5.8 | 5.6 | 5.4 | 0.6% |
| Total | 26.4 | 28.7 | 31.7 | 36.0 | 10.9% |
Top Suppliers of Bearing to Lithuania in 2022:
- China (597.9 tons)
- Poland (420.8 tons)
- Malaysia (181.8 tons)
- Sweden (165.6 tons)
- Germany (155.4 tons)
- France (122.6 tons)
- Latvia (110.3 tons)
- Czech Republic (103.9 tons)
- Italy (93.6 tons)
- India (30.3 tons)
Bearing Exports in Lithuania
In 2022, exports of ball and roller bearings from Lithuania contracted to 1.3K tons, falling by -4.1% against the previous year. The total export volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 19% against the previous year. As a result, the exports reached the peak of 1.4K tons, and then fell slightly in the following year.
In value terms, bearing exports dropped to $17M in 2022. The total export value increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year. As a result, the exports reached the peak of $19M, and then fell in the following year.
| Export of Bearing in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 277 | 207 | 262 | 2,468 | 107.3% |
| Latvia | 2,210 | 1,785 | 2,061 | 1,975 | -3.7% |
| Poland | 1,181 | 967 | 1,208 | 1,524 | 8.9% |
| Russia | 5,327 | 5,604 | 6,902 | 1,346 | -36.8% |
| Kyrgyzstan | 122 | 4.2 | 10.0 | 1,052 | 105.1% |
| Estonia | 804 | 909 | 971 | 901 | 3.9% |
| Bulgaria | 311 | 297 | 427 | 535 | 19.8% |
| Ukraine | 205 | 251 | 528 | 487 | 33.4% |
| Italy | 54.3 | 184 | 347 | 476 | 106.2% |
| Romania | 597 | 528 | 473 | 395 | -12.9% |
| Hungary | 600 | 417 | 442 | 347 | -16.7% |
| France | 55.9 | 77.2 | 170 | 341 | 82.7% |
| Czech Republic | 77.8 | 84.8 | 119 | 329 | 61.7% |
| Others | 4,014 | 4,685 | 4,803 | 5,292 | 9.7% |
| Total | 15,834 | 15,999 | 18,723 | 17,469 | 3.3% |
Top Export Markets for Bearing from Lithuania in 2022:
- Poland (163.5 tons)
- Latvia (121.0 tons)
- Kazakhstan (109.0 tons)
- Italy (81.5 tons)
- Kyrgyzstan (75.9 tons)
- Russia (60.8 tons)
- Romania (60.3 tons)
- Estonia (57.5 tons)
- Bulgaria (56.5 tons)
- Czech Republic (50.5 tons)
- Hungary (45.6 tons)
- France (44.2 tons)
- Ukraine (40.1 tons)
This report provides an in-depth analysis of the 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
- Prodcom 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
- Prodcom 28151055 - Spherical roller bearings
- Prodcom 28151057 - Cylindrical roller bearings (excluding roller bearings, needle roller bearings)
- Prodcom 28151070 - Needle roller bearings
- Prodcom 28151090 - Roller bearings (including combined ball/roller bearings) (excluding tapered roller bearings, spherical roller bearings, n eedle roller 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.
-
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
-
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
-
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
-
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
-
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
79
This report provides an in-depth analysis of the bearing market in Lithuania.
62
This report provides an in-depth analysis of the ball bearing market in Lithuania.
109
This report provides an in-depth analysis of the tools for bearing market in Lithuania.
88
This report provides an in-depth analysis of the cylindrical roller bearing market in Lithuania.
35
This report provides an in-depth analysis of the needle roller bearing market in Lithuania.
27
This report provides an in-depth analysis of the ball bearing parts market in Lithuania.
119
This report provides an in-depth analysis of the roller bearing market in Lithuania.
18
This report provides an in-depth analysis of the spherical roller bearing market in Lithuania.
36
This report provides an in-depth analysis of the tapered roller bearing market in Lithuania.
84
This report provides an in-depth analysis of the bearing market in Lithuania.
176
Explore the top import markets for ball bearings, including Germany, China, the United States, and more. Find key statistics and data on the global demand for ball bearings.
82
Discover the leading import markets for cylindrical roller bearings and their impact on the global industry. From China to South Korea, learn about the key players driving the demand for these essential components.
158
Explore the top import markets for bearings, including China, Germany, and the United States. Discover key statistics and figures that highlight the growth and demand in this thriving industry.
3214
In value terms, candles and tapers imports totaled $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern remained consistent,...
852
In value terms, candles and tapers exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern remained consistent, with so...
919
In 2016, approx. X tons of bearing were imported worldwide- standing approx. at the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- th...
1756
In 2016, approx. X tons of bearing were imported worldwide- standing approx. at the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- th...
1840
Germany continued to dominate in the global ball or roller bearing trade. In 2014, Germany exported X thousand tons of ball or roller bearings totaling X million USD, X% over the previous year. Its primary trading partner was China, where it su
176
Explore the top import markets for ball bearings, including Germany, China, the United States, and more. Find key statistics and data on the global demand for ball bearings.
82
Discover the leading import markets for cylindrical roller bearings and their impact on the global industry. From China to South Korea, learn about the key players driving the demand for these essential components.
