Lithuania - Generators For Internal Combustion Engines - Market Analysis, Forecast, Size, Trends and Insights
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View PricingEngine Generator Price in Lithuania - 2023
Contents:
- Engine Generator Price in Lithuania (CIF) - 2023
- Engine Generator Price in Lithuania (FOB) - 2022
- Engine Generator Imports in Lithuania
- Engine Generator Exports in Lithuania
Engine Generator Price in Lithuania (CIF) - 2023
In October 2023, the average engine generator import price amounted to $105 per unit, waning by -55.1% against the previous month. Overall, the import price, however, showed a measured expansion. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 108% month-to-month. Over the period under review, average import prices reached the peak figure at $234 per unit in September 2023, and then declined remarkably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Latvia ($297 per unit), while the price for China ($42.9 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 Latvia (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Engine Generator Price in Lithuania (FOB) - 2022
In 2022, the average engine generator export price amounted to $95 per unit, rising by 5% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, engine generator export price increased by +76.1% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 32%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($154 per unit), while the average price for exports to Azerbaijan ($17 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 Romania (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.
Engine Generator Imports in Lithuania
Engine generator imports into Lithuania soared to 49K units in 2022, rising by 17% on 2021 figures. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, engine generator imports soared to $4.5M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
Import of Engine Generator in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 474 | 576 | 1,022 | 1,145 | 34.2% |
Latvia | 70.1 | 69.2 | 144 | 701 | 115.4% |
China | 591 | 459 | 516 | 659 | 3.7% |
Finland | 263 | 183 | 297 | 305 | 5.1% |
Italy | 134 | 128 | 155 | 230 | 19.7% |
Netherlands | 142 | 152 | 488 | 229 | 17.3% |
Germany | 558 | 902 | 200 | 215 | -27.2% |
Belgium | 94.7 | 104 | 69.4 | 165 | 20.3% |
Belarus | 103 | 129 | 105 | 149 | 13.1% |
Romania | 0.3 | 2.1 | 30.7 | 117 | 630.6% |
Turkey | 19.9 | 4.4 | 1.6 | 94.8 | 68.3% |
Others | 485 | 299 | 789 | 511 | 1.8% |
Total | 2,935 | 3,007 | 3,819 | 4,519 | 15.5% |
Top Suppliers of Engine Generator to Lithuania in 2022:
- China (14.3K units)
- Poland (10.4K units)
- Latvia (9.0K units)
- Belarus (2.5K units)
- Italy (2.1K units)
- Netherlands (2.0K units)
- Finland (1.7K units)
- Belgium (1.5K units)
- Germany (1.4K units)
- Romania (1.3K units)
- Turkey (0.8K units)
Engine Generator Exports in Lithuania
In 2022, shipments abroad of generators for internal combustion engines decreased by -8.3% to 30K units, falling for the second year in a row after two years of growth. Overall, exports showed a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by 0.3% against the previous year. As a result, the exports attained the peak of 36K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, engine generator exports declined to $2.8M in 2022. The total export value increased at an average annual rate of +1.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 6.5% against the previous year. Over the period under review, the exports attained the maximum at $2.9M in 2021, and then dropped in the following year.
Export of Engine Generator in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 622 | 633 | 604 | 579 | -2.4% |
United Kingdom | 0.3 | 0.3 | 31.1 | 441 | 1037.0% |
Latvia | 252 | 246 | 406 | 350 | 11.6% |
Estonia | 136 | 136 | 215 | 204 | 14.5% |
Kazakhstan | 7.0 | 11.7 | 30.0 | 179 | 194.6% |
Romania | 73.6 | 89.5 | 112 | 107 | 13.3% |
Ukraine | 51.3 | 33.8 | 33.4 | 74.0 | 13.0% |
Germany | 36.1 | 15.4 | 21.4 | 66.5 | 22.6% |
Belarus | 381 | 322 | 293 | 59.3 | -46.2% |
Kyrgyzstan | 8.5 | 1.2 | 1.6 | 33.4 | 57.8% |
Armenia | N/A | N/A | N/A | 28.4 | 0% |
Uzbekistan | 6.5 | 5.1 | 14.2 | 27.1 | 60.9% |
Azerbaijan | 0.3 | 1.7 | 0.1 | 8.9 | 209.6% |
Others | 1,149 | 1,403 | 1,152 | 647 | -17.4% |
Total | 2,724 | 2,900 | 2,914 | 2,806 | 1.0% |
Top Export Markets for Engine Generator from Lithuania in 2022:
- Poland (7.4K units)
- United Kingdom (5.3K units)
- Latvia (2.9K units)
- Kazakhstan (1.9K units)
- Estonia (1.4K units)
- Ukraine (1.0K units)
- Belarus (1.0K units)
- Armenia (0.9K units)
- Kyrgyzstan (0.8K units)
- Romania (0.7K units)
- Uzbekistan (0.7K units)
- Germany (0.7K units)
- Azerbaijan (0.5K units)
This report provides an in-depth analysis of the engine generator 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 29312250 - Generators for internal combustion engines (including dynamos and alternators) (excluding dual-purpose startergenerators)
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
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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
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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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