Price for Machinery; Parts of the Machinery of Heading No. 8425 in Lithuania - 2023

Contents:

1. Price for Machinery; Parts of the Machinery of Heading No. 8425 in Lithuania (CIF) - 2022
2. Price for Machinery; Parts of the Machinery of Heading No. 8425 in Lithuania (FOB) - 2023
3. Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Lithuania
4. Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Lithuania

Price for Machinery; Parts of the Machinery of Heading No. 8425 in Lithuania (CIF) - 2022

The average import price for machinery; parts of the machinery of heading no. 8425 stood at $5,338 per ton in 2022, dropping by -6.5% against the previous year. Over the period under review, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2016 when the average import price increased by 52%. The import price peaked at $13,040 per ton in 2017; however, from 2018 to 2022, import prices remained at a 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 Germany ($8,563 per ton), while the price for Italy ($3,911 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.5%), while the prices for the other major suppliers experienced a decline.

Price for Machinery; Parts of the Machinery of Heading No. 8425 in Lithuania (FOB) - 2023

In November 2023, the average export price for machinery; parts of the machinery of heading no. 8425 amounted to $22,200 per ton, surging by 320% against the previous month. In general, the export price, however, showed a noticeable decline. The pace of growth was the most pronounced in April 2023 an increase of 521% against the previous month. As a result, the export price attained the peak level of $160K per ton. From May 2023 to November 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Norway ($68,246 per ton), while the average price for exports to Latvia ($14,693 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+26.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Lithuania

In 2022, supplies from abroad of machinery; parts of the machinery of heading no. 8425 decreased by -59.4% to 494 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 174% against the previous year. As a result, imports reached the peak of 1.2K tons, and then shrank significantly in the following year.

In value terms, imports of machinery; parts of the machinery of heading no. 8425 shrank notably to $2.6M in 2022. Over the period under review, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 86% against the previous year. As a result, imports reached the peak of $7M, and then shrank notably in the following year.

Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Lithuania in 2022:

1. Italy (245.8 tons)
2. Sweden (113.0 tons)
3. Poland (60.2 tons)
4. Germany (24.8 tons)
5. Latvia (13.2 tons)
6. Netherlands (12.3 tons)
7. China (9.7 tons)
8. France (1.2 tons)
9. Estonia (0.5 tons)

Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Lithuania

In 2022, overseas shipments of machinery; parts of the machinery of heading no. 8425 decreased by -20.9% to 126 tons, falling for the second year in a row after two years of growth. Overall, exports, however, recorded a mild increase. The pace of growth appeared the most rapid in 2020 with an increase of 93% against the previous year. As a result, the exports attained the peak of 230 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of machinery; parts of the machinery of heading no. 8425 shrank dramatically to $1.7M in 2022. Over the period under review, exports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 32% against the previous year. As a result, the exports reached the peak of $2.5M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Lithuania in 2022:

1. Russia (41.4 tons)
2. Finland (36.2 tons)
3. Spain (16.5 tons)
4. Estonia (7.0 tons)
5. Norway (5.3 tons)
6. New Zealand (4.5 tons)
7. Canada (3.4 tons)
8. Latvia (2.2 tons)
9. United States (2.0 tons)
10. Kazakhstan (1.4 tons)
11. Belarus (0.2 tons)

Source: IndexBox Market Intelligence Platform