Lithuania - Truck Cranes - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Lithuania - Truck Cranes - Market Analysis, Forecast, Size, Trends and Insights

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Truck Crane Price in Lithuania - 2023

Contents:

  1. Truck Crane Price in Lithuania (CIF) - 2022
  2. Truck Crane Price in Lithuania (FOB) - 2022
  3. Truck Crane Imports in Lithuania
  4. Truck Crane Exports in Lithuania

Truck Crane Price in Lithuania (CIF) - 2022

The average truck crane import price stood at $244,175 per unit in 2022, dropping by -12.3% against the previous year. In general, the import price showed a slight curtailment. The growth pace was the most rapid in 2017 when the average import price increased by 55% against the previous year. As a result, import price reached the peak level of $637,464 per unit. From 2018 to 2022, the average import prices failed to regain momentum.

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 ($39,092 per unit), while the price for Denmark ($785 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+27.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Truck Crane Price in Lithuania (FOB) - 2022

The average truck crane export price stood at $180,257 per unit in 2022, which is down by -26.1% against the previous year. In general, the export price, however, showed strong growth. The most prominent rate of growth was recorded in 2013 an increase of 132%. Over the period under review, the average export prices attained the peak figure at $981,277 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($29,418 per unit), while the average price for exports to Nigeria ($2,630 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 Serbia (+72.1%), while the prices for the other major destinations experienced more modest paces of growth.

Truck Crane Imports in Lithuania

In 2022, the amount of truck cranes imported into Lithuania skyrocketed to 42 units, increasing by 91% against the previous year's figure. Over the period under review, imports showed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, truck crane imports skyrocketed to $10M in 2022. In general, imports, however, showed a abrupt downturn. Over the period under review, imports reached the peak figure at $16M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Truck Crane in Lithuania (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany15.59.35.110.6-11.9%
Netherlands0.30.30.10.410.1%
Poland0.2N/A0.10.314.5%
NorwayN/AN/A0.30.2-33.3%
Russia0.10.3N/A0.226.0%
HungaryN/AN/AN/AN/A0%
United Kingdom0.1N/AN/AN/A0%
FranceN/A0.1N/AN/A0%
Finland0.2N/A0.4N/A41.4%
DenmarkN/AN/AN/AN/A0%
ItalyN/AN/AN/AN/A0%
OthersN/AN/A0.1-1.4-1500.0%
Total16.310.16.110.3-14.2%

Top Suppliers of Truck Crane to Lithuania in 2022:

  1. Germany (270.0 units)
  2. Norway (41.0 units)
  3. Poland (39.0 units)
  4. United Kingdom (30.0 units)
  5. Netherlands (29.0 units)
  6. Italy (10.0 units)
  7. Denmark (10.0 units)
  8. Russia (10.0 units)

Truck Crane Exports in Lithuania

Truck crane exports from Lithuania surged to 37 units in 2022, jumping by 640% on 2021 figures. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, truck crane exports surged to $6.7M in 2022. Over the period under review, exports, however, continue to indicate a abrupt decrease. The exports peaked at $12M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Truck Crane in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Kazakhstan1,0652,7218374,06056.2%
Mongolia1201,351N/A78286.8%
Poland19.8165115160100.7%
SerbiaN/A178N/A139-11.6%
SlovakiaN/AN/AN/A43.10%
LatviaN/AN/AN/A39.70%
NigeriaN/AN/AN/A13.20%
Azerbaijan536712N/AN/A32.8%
OmanN/A24.0N/AN/A0%
Taiwan (Chinese)N/A135N/AN/A0%
Czech RepublicN/A226N/AN/A0%
BelarusN/A1,866N/AN/A0%
RomaniaN/A5.6N/AN/A0%
Others9,9602,2252661,432-47.6%
Total11,7009,6101,2196,670-17.1%

Top Export Markets for Truck Crane from Lithuania in 2022:

  1. Kazakhstan (138.0 units)
  2. Mongolia (75.0 units)
  3. Poland (15.0 units)
  4. Latvia (10.0 units)
  5. Serbia (5.0 units)
  6. Slovakia (5.0 units)
  7. Nigeria (5.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the truck crane market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 29105100 - Crane lorries

Country coverage:

  • Lithuania

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Lithuania
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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