Lithuania: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Lithuania

After two years of growth, the Lithuanian market for vacuum pumps and air or gas compressors decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2021, and then fell in the following year.

Production of Vacuum Pumps and Air or Gas Compressors in Lithuania

In value terms, production of vacuum pumps and air or gas compressors reduced remarkably to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt descent. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Production of peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Lithuania

In 2022, overseas shipments of vacuum pumps and air or gas compressors decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a noticeable curtailment. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of vacuum pumps and air or gas compressors contracted rapidly to $X in 2022. In general, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports of attained the peak figure at $X in 2021, and then declined sharply in the following year.

Exports by Country

Latvia (X units), Kazakhstan (X units) and Estonia (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from Lithuania, together accounting for X% of total exports. Kyrgyzstan, Russia, Poland, Finland, Belarus, Ukraine, Germany and Bulgaria lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vacuum pump and air or gas compressor exported from Lithuania were Kazakhstan ($X), Poland ($X) and Russia ($X), with a combined X% share of total exports. Latvia, Estonia, Germany, Kyrgyzstan, Belarus, Ukraine, Finland and Bulgaria lagged somewhat behind, together comprising a further X%.

Kyrgyzstan, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price saw a pronounced slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to Finland ($X 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 Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Lithuania

In 2022, after two years of growth, there was decline in purchases abroad of vacuum pumps and air or gas compressors, when their volume decreased by X% to X units. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports of attained the peak figure at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of vacuum pumps and air or gas compressors fell notably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of vacuum pump and air or gas compressor to Lithuania, with a X% share of total imports. Moreover, imports of vacuum pumps and air or gas compressors from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by Italy (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

In value terms, Germany ($X), Italy ($X) and Poland ($X) appeared to be the largest vacuum pump and air or gas compressor suppliers to Lithuania, together accounting for X% of total imports.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% 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 vacuum pumps and air or gas compressors decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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