Lithuania - Machinery For The Preparation Or Manufacture Of Food Or Drink - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFood Manufacture Machinery Price in Lithuania - 2023
Contents:
- Food Manufacture Machinery Price in Lithuania (FOB) - 2023
- Food Manufacture Machinery Price in Lithuania (CIF) - 2022
- Food Manufacture Machinery Exports in Lithuania
- Food Manufacture Machinery Imports in Lithuania
Food Manufacture Machinery Price in Lithuania (FOB) - 2023
In August 2023, the average food manufacture machinery export price amounted to $8,380 per unit, increasing by 14% against the previous month. Over the period under review, the export price showed a notable expansion. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 54% month-to-month. Over the period under review, the average export prices hit record highs at $10,058 per unit in June 2023; afterwards, it flattened through to August 2023.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Faroe Islands ($5,143 per unit), while the average price for exports to Norway ($1,946 per unit) was amongst the lowest.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Faroe Islands (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Food Manufacture Machinery Price in Lithuania (CIF) - 2022
The average food manufacture machinery import price stood at $6,284 per unit in 2022, almost unchanged from the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 114%. The import price peaked at $7,873 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($11,654 per unit), while the price for China ($2,029 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Food Manufacture Machinery Exports in Lithuania
After two years of decline, shipments abroad of machinery for the preparation or manufacture of food or drink increased by 34% to 5K units in 2022. Over the period under review, exports, however, continue to indicate a precipitous decline. The exports peaked at 15K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, food manufacture machinery exports rose sharply to $26M in 2022. Overall, exports, however, recorded a abrupt contraction. Over the period under review, the exports hit record highs at $48M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Food Manufacture Machinery in Lithuania (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 42.5 | 34.2 | 17.6 | 20.0 | -22.2% |
United States | N/A | N/A | N/A | 1.2 | 0% |
Norway | 2.1 | 2.0 | 0.1 | 1.2 | -17.0% |
Faroe Islands | 0.7 | 0.2 | 0.5 | 0.5 | -10.6% |
Others | 2.9 | 4.6 | 6.3 | 3.4 | 5.4% |
Total | 48.2 | 41.0 | 24.5 | 26.5 | -18.1% |
Top Export Markets for Food Manufacture Machinery from Lithuania in 2022:
- Russia (3886.0 units)
- Norway (339.0 units)
- Faroe Islands (128.0 units)
- United States (86.0 units)
Food Manufacture Machinery Imports in Lithuania
For the third year in a row, Lithuania recorded decline in overseas purchases of machinery for the preparation or manufacture of food or drink, which decreased by -39% to 1.9K units in 2022. In general, imports faced a significant contraction. Imports peaked at 24K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, food manufacture machinery imports declined rapidly to $12M in 2022. Overall, imports faced a dramatic curtailment. The smallest decline of -16.5% was in 2020. Imports peaked at $44M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Food Manufacture Machinery in Lithuania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 2.1 | 3.1 | 3.0 | 3.6 | 19.7% |
France | 2.7 | 1.7 | 4.5 | 3.5 | 9.0% |
Hungary | 0.1 | 1.0 | 1.8 | 0.9 | 108.0% |
Spain | 0.6 | 0.2 | 0.6 | 0.8 | 10.1% |
Germany | 2.2 | 1.7 | 1.3 | 0.6 | -35.2% |
Latvia | 0.1 | 0.2 | 1.0 | 0.5 | 71.0% |
Netherlands | 31.0 | 18.9 | 2.2 | 0.2 | -81.4% |
China | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
Others | 5.1 | 9.6 | 5.2 | 1.9 | -28.0% |
Total | 43.9 | 36.7 | 19.9 | 12.2 | -34.7% |
Top Suppliers of Food Manufacture Machinery to Lithuania in 2022:
- Italy (753.0 units)
- France (304.0 units)
- Spain (183.0 units)
- Latvia (136.0 units)
- Hungary (118.0 units)
- China (90.0 units)
- Germany (71.0 units)
- Netherlands (60.0 units)
This report provides an in-depth analysis of the food manufacture machinery 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 28931770 - Machinery for the preparation or manufacture of food or drink, n .e.c.
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
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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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