Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Lithuania - 2023

Contents:

1. Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Lithuania (CIF) - 2022
2. Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Lithuania (FOB) - 2022
3. Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Lithuania
4. Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Lithuania

Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Lithuania (CIF) - 2022

In 2022, the average import price for weighing machines; having a maximum weighing capacity exceeding 5000kgs amounted to $801 per unit, shrinking by -6.6% against the previous year. In general, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 70% against the previous year. As a result, import price attained the peak level of $4,018 per unit. From 2016 to 2022, the average 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 the UK ($2,597 per unit), while the price for Slovakia ($0.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+40.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Lithuania (FOB) - 2022

In 2022, the average export price for weighing machines; having a maximum weighing capacity exceeding 5000kgs amounted to $927 per unit, reducing by -60.7% against the previous year. In general, the export price faced a deep reduction. The pace of growth was the most pronounced in 2014 an increase of 33% against the previous year. As a result, the export price attained the peak level of $8,254 per unit. From 2015 to 2022, the average export prices remained at a somewhat 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 Russia ($3,739 per unit), while the average price for exports to Ukraine ($282 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 Spain (+156.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Lithuania

In 2022, after three years of growth, there was significant decline in overseas purchases of weighing machines; having a maximum weighing capacity exceeding 5000kgs, when their volume decreased by -14.8% to 1.4K units. Overall, imports, however, posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 66%. As a result, imports reached the peak of 1.6K units, and then fell in the following year.

In value terms, imports of weighing machines; having a maximum weighing capacity exceeding 5000kgs declined remarkably to $1.1M in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 44% against the previous year. Over the period under review, imports of hit record highs at $1.5M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg to Lithuania in 2022:

1. Turkey (564.0 units)
2. China (388.0 units)
3. Spain (138.0 units)
4. Italy (95.0 units)
5. United Kingdom (78.0 units)
6. Slovakia (65.0 units)
7. United States (24.0 units)
8. Germany (1.0 units)

Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Lithuania

In 2022, the amount of weighing machines; having a maximum weighing capacity exceeding 5000kgs exported from Lithuania declined rapidly to 177 units, with a decrease of -37% against the previous year's figure. In general, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 160%. As a result, the exports attained the peak of 281 units, and then reduced rapidly in the following year.

In value terms, exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs plummeted to $164K in 2022. Over the period under review, exports continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 63% against the previous year. The exports peaked at $885K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg from Lithuania in 2022:

1. Czech Republic (115.0 units)
2. Russia (20.0 units)
3. Latvia (13.0 units)
4. Ukraine (10.0 units)
5. Kazakhstan (8.0 units)
6. Poland (6.0 units)

Source: IndexBox Market Intelligence Platform