Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Lithuania - 2023

Contents:

1. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Lithuania (CIF) - 2022
2. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Lithuania (FOB) - 2022
3. Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Lithuania
4. Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Lithuania

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Lithuania (CIF) - 2022

In 2022, the average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $1,551 per unit, waning by -43.2% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The pace of growth was the most pronounced in 2018 an increase of 114% against the previous year. Over the period under review, average import prices hit record highs at $3,634 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($12,892 per unit), while the price for China ($254 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.3%), while the prices for the other major suppliers experienced a decline.

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Lithuania (FOB) - 2022

In 2022, the average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $833 per unit, surging by 22% against the previous year. Overall, the export price, however, showed a pronounced descent. The growth pace was the most rapid in 2021 an increase of 50%. The export price peaked at $1,070 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($10,951 per unit), while the average price for exports to Tajikistan ($133 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 Kyrgyzstan (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Lithuania

In 2022, the amount of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) imported into Lithuania skyrocketed to 12K units, increasing by 69% on 2021. Overall, imports posted significant growth. The growth pace was the most rapid in 2021 with an increase of 77% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) contracted to $19M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.6% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 33%. As a result, imports reached the peak of $19M, and then declined slightly in the following year.

Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to Lithuania in 2022:

1. United Kingdom (3552.0 units)
2. Finland (2816.0 units)
3. Norway (1452.0 units)
4. Denmark (1043.0 units)
5. China (908.0 units)
6. Poland (514.0 units)
7. Sweden (411.0 units)
8. Japan (373.0 units)
9. Germany (161.0 units)
10. Russia (93.0 units)
11. Belarus (63.0 units)
12. United States (11.0 units)

Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Lithuania

In 2022, overseas shipments of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) decreased by -12.4% to 18K units, falling for the second year in a row after two years of growth. Overall, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of 1.2%. As a result, the exports attained the peak of 29K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $15M in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 8.4% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from Lithuania in 2022:

1. Kazakhstan (4.0K units)
2. Belarus (3.3K units)
3. Armenia (3.0K units)
4. Georgia (2.0K units)
5. Germany (1.1K units)
6. Uzbekistan (0.7K units)
7. France (0.6K units)
8. Tajikistan (0.6K units)
9. Russia (0.6K units)
10. Turkey (0.4K units)
11. United Kingdom (0.3K units)
12. Kyrgyzstan (0.3K units)

Source: IndexBox Market Intelligence Platform