Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Lithuania - 2023

Contents:

  1. Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Lithuania (CIF) - 2022
  2. Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Lithuania (FOB) - 2022
  3. Imports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Lithuania
  4. Exports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Lithuania

Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Lithuania (CIF) - 2022

In 2022, the average import price for knitting machines; circular, with cylinder diameter exceeding 165mms amounted to $2,900 per unit, surging by 102% against the previous year. Over the period under review, the import price, however, continues to indicate a sharp descent. Over the period under review, average import prices reached the maximum at $56,198 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($9,505 per unit), while the price for Japan ($1,899 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-11.7%), while the prices for the other major suppliers experienced a decline.

Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Lithuania (FOB) - 2022

The average export price for knitting machines; circular, with cylinder diameter exceeding 165mms stood at $2,471 per unit in 2022, dropping by -68.8% against the previous year. Overall, the export price showed a deep contraction. The growth pace was the most rapid in 2018 an increase of 175%. Over the period under review, the average export prices attained the peak figure at $89,261 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 the United States ($2,551 per unit), while the average price for exports to Kyrgyzstan ($983 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 Latvia (+69.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Lithuania

In 2022, purchases abroad of knitting machines; circular, with cylinder diameter exceeding 165mms decreased by -19.8% to 158 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 240%. As a result, imports attained the peak of 197 units, and then plummeted in the following year.

In value terms, imports of knitting machines; circular, with cylinder diameter exceeding 165mms skyrocketed to $458K in 2022. In general, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 189%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Import of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
JapanN/AN/A79.6254219.1%
Germany2.35.314.9137290.5%
Taiwan (Chinese)N/AN/AN/A66.50%
Poland178N/AN/AN/A0%
PortugalN/AN/A27.9N/A0%
Czech Republic18.517.2N/AN/A-7.0%
ItalyN/A75.551.2N/A-32.2%
TurkeyN/AN/A39.4N/A0%
OthersN/AN/A70.0N/A0%
Total19998.028345832.0%

Top Suppliers of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm to Lithuania in 2022:

  1. Japan (134.0 units)
  2. Germany (17.0 units)
  3. Taiwan (Chinese) (7.0 units)

Exports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Lithuania

For the fourth year in a row, Lithuania recorded growth in shipments abroad of knitting machines; circular, with cylinder diameter exceeding 165mms, which increased by 278% to 34 units in 2022. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of knitting machines; circular, with cylinder diameter exceeding 165mms skyrocketed to $84K in 2022. Over the period under review, exports, however, recorded a sharp descent. Over the period under review, the exports of reached the peak figure at $179K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/AN/AN/A79.10%
Latvia0.50.81.02.468.7%
SwitzerlandN/AN/AN/A1.60%
KyrgyzstanN/AN/AN/A1.00%
RussiaN/A75.5N/AN/A0%
NorwayN/AN/A0.2N/A0%
BelarusN/AN/A70.0N/A0%
Others178N/AN/AN/A0%
Total17976.371.284.0-22.3%

Top Export Markets for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm from Lithuania in 2022:

  1. United States (31.0 units)
  2. Switzerland (1.0 units)
  3. Kyrgyzstan (1.0 units)
  4. Latvia (1.0 units)

Source: IndexBox Market Intelligence Platform

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