Lithuania - Vacuum Pumps - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVacuum Pump Price in Lithuania - 2023
Contents:
- Vacuum Pump Price in Lithuania (CIF) - 2023
- Vacuum Pump Price in Lithuania (FOB) - 2022
- Vacuum Pump Imports in Lithuania
- Vacuum Pump Exports in Lithuania
Vacuum Pump Price in Lithuania (CIF) - 2023
The average vacuum pump import price stood at $163 per unit in October 2023, with an increase of 54% against the previous month. Overall, the import price saw noticeable growth. The pace of growth was the most pronounced in December 2022 an increase of 583% m-o-m. As a result, import price attained the peak level of $1,139 per unit. From January 2023 to October 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Latvia ($1,297 per unit), while the price for China ($224 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 Latvia (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Vacuum Pump Price in Lithuania (FOB) - 2022
In 2022, the average vacuum pump export price amounted to $242 per unit, with a decrease of -37.9% against the previous year. In general, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 144% against the previous year. Over the period under review, the average export prices hit record highs at $819 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($1,123 per unit), while the average price for exports to Serbia ($89 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 Germany (+36.4%), while the prices for the other major destinations experienced more modest paces of growth.
Vacuum Pump Imports in Lithuania
In 2022, imports of vacuum pumps into Lithuania contracted slightly to 24K units, with a decrease of -3.9% compared with the previous year. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +12.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 52%. As a result, imports reached the peak of 25K units, and then dropped modestly in the following year.
In value terms, vacuum pump imports reduced to $4.1M in 2022. Overall, imports recorded a abrupt shrinkage. The smallest decline of -9.2% was in 2021. Over the period under review, imports reached the maximum at $6.5M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Vacuum Pump in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 51.1 | 66.5 | 19.3 | 1,243 | 189.7% |
| Germany | 1,174 | 1,375 | 1,406 | 689 | -16.3% |
| Italy | 350 | 285 | 638 | 399 | 4.5% |
| China | 202 | 178 | 338 | 359 | 21.1% |
| Latvia | 191 | 317 | 575 | 306 | 17.0% |
| Poland | 90.1 | 479 | 302 | 270 | 44.2% |
| Estonia | 161 | 109 | 108 | 121 | -9.1% |
| Taiwan (Chinese) | 2.3 | 1.0 | 3.6 | 29.0 | 132.8% |
| United Kingdom | 1,985 | 388 | 140 | 5.2 | -86.2% |
| Others | 2,261 | 2,000 | 1,192 | 727 | -31.5% |
| Total | 6,468 | 5,198 | 4,722 | 4,149 | -13.8% |
Top Suppliers of Vacuum Pump to Lithuania in 2022:
- China (7.6K units)
- Latvia (3.5K units)
- Poland (2.7K units)
- Netherlands (1.9K units)
- Germany (1.7K units)
- Taiwan (Chinese) (1.5K units)
- Estonia (1.3K units)
- Italy (1.2K units)
Vacuum Pump Exports in Lithuania
After three years of growth, shipments abroad of vacuum pumps decreased by -17.6% to 6.9K units in 2022. Over the period under review, exports recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 6.9%. As a result, the exports reached the peak of 8.4K units, and then dropped remarkably in the following year.
In value terms, vacuum pump exports declined rapidly to $1.7M in 2022. In general, exports saw a precipitous decrease. The smallest decline of -22.8% was in 2021. The exports peaked at $6.4M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Vacuum Pump in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 5,105 | 3,051 | 1,741 | 269 | -62.5% |
| Latvia | 253 | 111 | 189 | 186 | -9.7% |
| Germany | 46.7 | 23.7 | 24.5 | 148 | 46.9% |
| United Arab Emirates | N/A | N/A | 32.2 | 119 | 269.6% |
| Kazakhstan | 103 | 279 | 454 | 109 | 1.9% |
| Estonia | 59.1 | 51.2 | 83.1 | 92.5 | 16.1% |
| Turkey | 0.8 | 0.9 | 3.7 | 80.7 | 365.5% |
| Belarus | 252 | 202 | 205 | 79.3 | -32.0% |
| United Kingdom | 14.7 | 13.9 | 48.7 | 63.3 | 62.7% |
| Kyrgyzstan | 1.7 | 2.6 | 3.3 | 43.1 | 193.8% |
| Serbia | 0.4 | N/A | 0.1 | 36.7 | 351.0% |
| Armenia | N/A | 27.8 | 0.7 | 35.8 | 13.5% |
| Ukraine | 26.9 | 65.1 | 21.1 | 32.0 | 6.0% |
| Others | 496 | 384 | 447 | 369 | -9.4% |
| Total | 6,360 | 4,213 | 3,253 | 1,664 | -36.0% |
Top Export Markets for Vacuum Pump from Lithuania in 2022:
- Latvia (1364.0 units)
- Estonia (840.0 units)
- United Kingdom (650.0 units)
- Germany (604.0 units)
- Belarus (561.0 units)
- Serbia (411.0 units)
- United Arab Emirates (389.0 units)
- Kyrgyzstan (380.0 units)
- Turkey (303.0 units)
- Kazakhstan (275.0 units)
- Russia (240.0 units)
- Ukraine (170.0 units)
- Armenia (145.0 units)
This report provides an in-depth analysis of the vacuum pump 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 28132170 - Rotary piston vacuum pumps, sliding vane rotary pumps, m olecular drag pumps, Roots pumps, diffusion pumps, c ryopumps and adsorption pumps
- Prodcom 28132190 - Liquid ring
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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