Lithuania - Drive-Axles with Differential and Non-Driving Axles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Driving and Non-Driving Axle in Lithuania - 2023
Contents:
- Price for Driving and Non-Driving Axle in Lithuania (CIF) - 2022
- Price for Driving and Non-Driving Axle in Lithuania (FOB) - 2022
- Imports of Driving and Non-Driving Axle in Lithuania
- Exports of Driving and Non-Driving Axle in Lithuania
Price for Driving and Non-Driving Axle in Lithuania (CIF) - 2022
In 2022, the average driving and non-driving axle import price amounted to $10,189 per ton, waning by -11.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 34% against the previous year. As a result, import price attained the peak level of $11,597 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
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 Latvia ($19,565 per ton), while the price for Russia ($2,877 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Driving and Non-Driving Axle in Lithuania (FOB) - 2022
In 2022, the average driving and non-driving axle export price amounted to $1,351 per ton, with a decrease of -64.1% against the previous year. In general, the export price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 88%. The export price peaked at $3,768 per ton in 2021, and then declined remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($9,751 per ton), while the average price for exports to Tajikistan ($537 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Driving and Non-Driving Axle in Lithuania
In 2022, the amount of drive-axles with differential and non-driving axles imported into Lithuania expanded markedly to 1.7K tons, growing by 9.8% against the previous year. The total import volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 28%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, driving and non-driving axle imports contracted modestly to $17M in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 35%. As a result, imports reached the peak of $18M, and then declined in the following year.
Import of Driving and Non-Driving Axle in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 1,359 | 768 | 913 | 3,881 | 41.9% |
Poland | 3,178 | 3,071 | 3,463 | 3,880 | 6.9% |
Germany | 3,363 | 1,780 | 2,507 | 2,669 | -7.4% |
Sweden | 1,093 | 1,110 | 1,707 | 2,334 | 28.8% |
Latvia | 583 | 581 | 661 | 685 | 5.5% |
China | 605 | 580 | 538 | 543 | -3.5% |
Turkey | 1,273 | 487 | 260 | 419 | -31.0% |
Spain | 75.1 | 676 | 2,005 | 266 | 52.4% |
Netherlands | 249 | 273 | 240 | 203 | -6.6% |
Belarus | 230 | 332 | 366 | 197 | -5.0% |
Ukraine | 112 | 195 | 173 | 147 | 9.5% |
United Kingdom | 122 | 100 | 197 | 137 | 3.9% |
Russia | 377 | 275 | 380 | 122 | -31.3% |
Others | 3,383 | 3,020 | 4,531 | 1,909 | -17.4% |
Total | 16,002 | 13,247 | 17,940 | 17,394 | 2.8% |
Top Suppliers of Driving and Non-Driving Axle to Lithuania in 2022:
- Italy (456.9 tons)
- Poland (362.9 tons)
- Germany (185.3 tons)
- China (158.8 tons)
- Sweden (149.6 tons)
- Turkey (68.5 tons)
- Russia (42.4 tons)
- United Kingdom (36.6 tons)
- Latvia (35.0 tons)
- Belarus (26.5 tons)
- Spain (26.1 tons)
- Ukraine (21.6 tons)
- Netherlands (18.9 tons)
Exports of Driving and Non-Driving Axle in Lithuania
Driving and non-driving axle exports from Lithuania skyrocketed to 7.6K tons in 2022, rising by 148% against 2021. In general, exports saw a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, driving and non-driving axle exports shrank to $10M in 2022. Over the period under review, exports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 26%.
Export of Driving and Non-Driving Axle in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Uzbekistan | 622 | 52.8 | 416 | 3,060 | 70.1% |
Latvia | 762 | 626 | 929 | 1,142 | 14.4% |
Poland | 1,272 | 924 | 774 | 684 | -18.7% |
Kazakhstan | 355 | 291 | 308 | 683 | 24.4% |
Russia | 4,104 | 3,152 | 5,653 | 221 | -62.2% |
Belarus | 618 | 558 | 293 | 173 | -34.6% |
Tajikistan | 144 | 153 | 142 | 107 | -9.4% |
Egypt | 58.5 | 46.8 | 97.0 | 83.8 | 12.7% |
Others | 4,734 | 3,392 | 2,977 | 4,165 | -4.2% |
Total | 12,670 | 9,194 | 11,589 | 10,319 | -6.6% |
Top Export Markets for Driving and Non-Driving Axle from Lithuania in 2022:
- Uzbekistan (5468.0 tons)
- Kazakhstan (1026.8 tons)
- Tajikistan (198.9 tons)
- Latvia (136.6 tons)
- Poland (86.7 tons)
- Belarus (73.7 tons)
- Egypt (67.0 tons)
- Russia (22.6 tons)
This report provides an in-depth analysis of the market for driving and non-driving axle 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 29323036 - Drive-axles with differential, non-driving axles and their parts
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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