Report Update: May 8, 2024

Lithuania - Built-In Jacking Systems Of A Type Used In Garages For Raising Vehicles - Market Analysis, Forecast, Size, Trends And Insights

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Built-in Jacking System Price in Lithuania - 2023

Built-in Jacking System Price in Lithuania (CIF) - 2023

The average built-in jacking system import price stood at $1,357 per unit in October 2023, reducing by -11.4% against the previous month. Over the period under review, the import price showed a mild reduction. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 57% m-o-m. The import price peaked at $2,060 per unit in December 2022; afterwards, it flattened through to October 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Estonia ($2,557 per unit), while the price for Poland ($341 per unit) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (-1.9%), while the prices for the other major suppliers experienced a decline.

Built-in Jacking System Price in Lithuania (FOB) - 2022

The average built-in jacking system export price stood at $1,510 per unit in 2022, rising by 97% against the previous year. Overall, the export price, however, showed a mild decline. Over the period under review, the average export prices hit record highs at $1,947 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($3,711 per unit), while the average price for exports to Latvia ($1,199 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 Kazakhstan (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Built-in Jacking System Imports in Lithuania

In 2022, after three years of growth, there was significant decline in supplies from abroad of built-in jacking systems of a type used in garages for raising vehicles, when their volume decreased by -41.4% to 3.1K units. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. As a result, imports attained the peak of 5.2K units, and then fell markedly in the following year.

In value terms, built-in jacking system imports reduced notably to $4.5M in 2022. The total import value increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 34%. As a result, imports reached the peak of $5.4M, and then fell markedly in the following year.

Import of Built-in Jacking System in Lithuania (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2.5	3.1	4.0	3.4	10.8%
Germany	0.7	0.2	0.2	0.4	-17.0%
Italy	0.2	0.2	0.4	0.3	14.5%
Poland	0.3	0.2	0.6	0.2	-12.6%
Others	0.3	0.2	0.2	0.2	-12.6%
Total	4.0	4.0	5.4	4.5	4.0%

Top Suppliers of Built-in Jacking System to Lithuania in 2022:

China (2507.0 units)
Poland (339.0 units)
Germany (204.0 units)
Italy (64.0 units)

Built-in Jacking System Exports in Lithuania

In 2022, after three years of growth, there was significant decline in shipments abroad of built-in jacking systems of a type used in garages for raising vehicles, when their volume decreased by -70.9% to 1.4K units. In general, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 when exports increased by 81%. As a result, the exports attained the peak of 4.6K units, and then contracted markedly in the following year.

In value terms, built-in jacking system exports declined dramatically to $2M in 2022. Overall, exports showed a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 44%. As a result, the exports attained the peak of $3.6M, and then reduced rapidly in the following year.

Export of Built-in Jacking System in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Latvia	898	1,290	1,557	1,109	7.3%
Estonia	333	355	484	372	3.8%
Kazakhstan	N/A	30.2	205	197	155.4%
Poland	57.8	7.5	302	134	32.4%
Germany	599	372	323	51.7	-55.8%
Russia	254	257	530	51.2	-41.4%
Finland	79.0	35.3	24.6	5.2	-59.6%
Others	86.6	124	130	120	11.5%
Total	2,307	2,472	3,555	2,040	-4.0%

Top Export Markets for Built-in Jacking System from Lithuania in 2022:

Latvia (925.0 units)
Estonia (210.0 units)
Poland (60.0 units)
Kazakhstan (53.0 units)
Germany (16.0 units)
Russia (14.0 units)
Finland (4.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the built-in jacking system 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 28221330 - Built-in jacking systems of a type used in garages for raising vehicles

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023