Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Lithuania - 2023

Contents:

1. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Lithuania (FOB) - 2023
2. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Lithuania (CIF) - 2022
3. Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Lithuania
4. Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Lithuania

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Lithuania (FOB) - 2023

In December 2023, the average export price for machines and mechanical appliances; parts, of those having individual functionses amounted to $13,617 per ton, approximately equating the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The growth pace was the most rapid in January 2023 when the average export price increased by 22% m-o-m. Over the period under review, the average export prices attained the peak figure at $17,759 per ton in July 2023; however, from August 2023 to December 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Italy ($113K per ton), while the average price for exports to Ukraine ($4,188 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Lithuania (CIF) - 2022

The average import price for machines and mechanical appliances; parts, of those having individual functionses stood at $32,818 per ton in 2022, with an increase of 43% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for machines and mechanical appliances; parts, of those having individual functionses increased by +104.3% against 2017 indices. The growth pace was the most rapid in 2020 an increase of 48% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($63,370 per ton), while the price for China ($9,800 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Lithuania

In 2022, after three years of growth, there was significant decline in shipments abroad of machines and mechanical appliances; parts, of those having individual functionses, when their volume decreased by -6.9% to 3.6K tons. The total export volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 8.7% against the previous year.

In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses fell to $44M in 2022. The total export value increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 13% against the previous year.

Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Lithuania in 2022:

1. Finland (1500.7 tons)
2. Sweden (1086.0 tons)
3. Germany (523.4 tons)
4. Italy (80.8 tons)
5. Russia (64.3 tons)
6. Netherlands (54.6 tons)
7. Latvia (41.2 tons)

Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Lithuania

In 2022, imports of machines and mechanical appliances; parts, of those having individual functionses into Lithuania reduced markedly to 884 tons, falling by -32.4% compared with the previous year. In general, imports faced a abrupt descent. The pace of growth was the most pronounced in 2021 when imports increased by 22%.

In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses fell to $29M in 2022. The total import value increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 19% against the previous year.

Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Lithuania in 2022:

1. Germany (209.0 tons)
2. Italy (120.8 tons)
3. Finland (93.6 tons)
4. Ireland (69.8 tons)
5. Latvia (57.0 tons)
6. Poland (51.0 tons)
7. France (49.7 tons)
8. Czech Republic (47.2 tons)
9. China (43.5 tons)
10. Sweden (27.4 tons)
11. Netherlands (25.1 tons)
12. Estonia (9.8 tons)
13. Hungary (0.3 tons)

Source: IndexBox Market Intelligence Platform