Radio Navigation Apparatus Price in Lithuania - 2023
Contents:
- Radio Navigation Apparatus Price in Lithuania (FOB) - 2023
- Radio Navigation Apparatus Price in Lithuania (CIF) - 2023
- Radio Navigation Apparatus Exports in Lithuania
- Radio Navigation Apparatus Imports in Lithuania
Radio Navigation Apparatus Price in Lithuania (FOB) - 2023
The average radio navigation apparatus export price stood at $359 per unit in October 2023, approximately mirroring the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 5.4% against the previous month. The export price peaked at $364 per unit in July 2023; however, from August 2023 to October 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Romania ($508 per unit), while the average price for exports to Japan ($126 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Radio Navigation Apparatus Price in Lithuania (CIF) - 2023
In October 2023, the average radio navigation apparatus import price amounted to $649 per unit, rising by 116% against the previous month. Over the period under review, import price indicated a pronounced expansion from October 2022 to October 2023: its price increased at an average monthly rate of +3.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, radio navigation apparatus import price increased by +123.9% against August 2023 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($2,337 per unit), while the price for the Netherlands ($62.6 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Radio Navigation Apparatus Exports in Lithuania
In 2022, exports of radio navigational aid apparatus from Lithuania expanded significantly to 496K units, rising by 6.2% against the year before. Overall, total exports indicated a modest increase from 2019 to 2022: its volume increased at an average annual rate of +1.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 51% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, radio navigation apparatus exports expanded to $164M in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 92%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Radio Navigation Apparatus in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 10.6 | 4.7 | 9.1 | 16.0 | 14.7% |
| United Kingdom | 5.7 | 6.8 | 12.7 | 10.6 | 23.0% |
| France | 2.3 | 3.1 | 6.8 | 8.2 | 52.8% |
| Germany | 3.9 | 3.4 | 6.3 | 8.1 | 27.6% |
| Italy | 2.0 | 2.8 | 5.1 | 6.9 | 51.1% |
| Brazil | 1.6 | 2.0 | 2.4 | 6.5 | 59.6% |
| Spain | 3.2 | 3.5 | 5.5 | 6.1 | 24.0% |
| Netherlands | 2.2 | 2.3 | 3.8 | 5.7 | 37.3% |
| India | 0.1 | 1.2 | 3.2 | 4.8 | 263.4% |
| Mexico | 1.6 | 2.1 | 3.5 | 4.7 | 43.2% |
| Norway | 1.6 | 1.7 | 3.8 | 4.1 | 36.8% |
| Singapore | 1.7 | 2.5 | 3.4 | 3.9 | 31.9% |
| Turkey | 0.4 | 0.8 | 1.1 | 3.5 | 106.1% |
| Others | 41.2 | 46.4 | 93.0 | 75.6 | 22.4% |
| Total | 78.4 | 83.2 | 160 | 164 | 27.9% |
Top Export Markets for Radio Navigation Apparatus from Lithuania in 2022:
- United Arab Emirates (59.8K units)
- United Kingdom (30.0K units)
- France (21.2K units)
- Brazil (20.4K units)
- Italy (19.4K units)
- Germany (19.2K units)
- India (19.1K units)
- Norway (16.1K units)
- Spain (15.3K units)
- Mexico (14.9K units)
- Netherlands (14.3K units)
- Singapore (13.5K units)
- Turkey (13.0K units)
Radio Navigation Apparatus Imports in Lithuania
In 2022, the amount of radio navigational aid apparatus imported into Lithuania shrank to 36K units, with a decrease of -8.9% against 2021 figures. Overall, imports saw a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. Over the period under review, imports attained the peak figure at 54K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, radio navigation apparatus imports expanded notably to $12M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 65%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Radio Navigation Apparatus in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 746 | 1,498 | 2,467 | 2,338 | 46.3% |
| China | 924 | 758 | 2,069 | 1,582 | 19.6% |
| Latvia | 838 | 509 | 725 | 1,179 | 12.1% |
| Malaysia | 30.6 | 347 | 686 | 1,125 | 232.5% |
| United States | 1,164 | 541 | 959 | 1,044 | -3.6% |
| Poland | 814 | 497 | 559 | 914 | 3.9% |
| Italy | 81.5 | 102 | 12.4 | 776 | 112.0% |
| Estonia | 80.3 | 286 | 488 | 531 | 87.7% |
| Norway | 1,034 | 145 | 123 | 375 | -28.7% |
| Denmark | 202 | 296 | 324 | 287 | 12.4% |
| United Kingdom | 241 | 66.6 | 431 | 256 | 2.0% |
| Netherlands | 88.7 | 91.4 | 261 | 175 | 25.4% |
| Switzerland | 2.4 | 7.7 | 29.0 | 92.5 | 237.8% |
| Others | 1,477 | 1,416 | 1,694 | 1,616 | 3.0% |
| Total | 7,724 | 6,559 | 10,827 | 12,291 | 16.7% |
Top Suppliers of Radio Navigation Apparatus to Lithuania in 2022:
- China (7.4K units)
- Latvia (5.0K units)
- Germany (4.5K units)
- Malaysia (3.5K units)
- Italy (3.0K units)
- Norway (1.7K units)
- Estonia (1.6K units)
- Poland (1.4K units)
- Denmark (1.3K units)
- Switzerland (0.9K units)
- United States (0.8K units)
- United Kingdom (0.7K units)
- Netherlands (0.6K units)
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