Lithuania: Market for Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials 2024

Market Size for Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials in Lithuania

The Lithuanian market for belt type continuous-action elevators and conveyors for goods or materials was finally on the rise to reach $X in 2022, after five years of decline. Overall, consumption, however, saw a significant curtailment. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials in Lithuania

In value terms, production of belt type continuous-action elevators and conveyors for goods or materials surged to $X in 2022 estimated in export price. Overall, production enjoyed a significant increase. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials

Exports from Lithuania

In 2022, exports of belt type continuous-action elevators and conveyors for goods or materials from Lithuania shrank significantly to X units, which is down by X% against 2021. In general, exports, however, saw a measured increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of belt type continuous-action elevators and conveyors for goods or materials shrank markedly to $X in 2022. Overall, exports, however, enjoyed noticeable growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Latvia (X units), Finland (X units) and the United Arab Emirates (X units) were the main destinations of exports of belt type continuous-action elevators and conveyors for goods or materials from Lithuania, together comprising X% of total exports. Slovakia, Norway, Australia, Poland, Spain, Brazil, Uzbekistan, Germany, Armenia and Kazakhstan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for belt type continuous-action elevator and conveyor exported from Lithuania were Spain ($X), Poland ($X) and Latvia ($X), with a combined X% share of total exports.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to 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 belt type continuous-action elevators and conveyors for goods or materials stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Slovakia ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials

Imports into Lithuania

For the fifth consecutive year, Lithuania recorded decline in purchases abroad of belt type continuous-action elevators and conveyors for goods or materials, which decreased by X% to X units in 2022. Over the period under review, imports, however, showed a measured expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of belt type continuous-action elevators and conveyors for goods or materials plummeted to $X in 2022. Overall, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Latvia (X units) and Ukraine (X units) were the main suppliers of imports of belt type continuous-action elevators and conveyors for goods or materials to Lithuania, with a combined X% share of total imports.

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

In value terms, the largest belt type continuous-action elevator and conveyor suppliers to Lithuania were Denmark ($X), Latvia ($X) and China ($X), together comprising X% of total imports.

In terms of the main suppliers, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 belt type continuous-action elevators and conveyors for goods or materials stood at $X per unit in 2022, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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