Lithuania: Construction Equipment Blade Market 2024

Construction Equipment Blade Market Size in Lithuania

The Lithuanian construction equipment blade market skyrocketed to $X in 2022, growing by X% against the previous year. Overall, consumption, however, continues to indicate a noticeable curtailment. Construction equipment blade consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Construction Equipment Blade Production in Lithuania

In value terms, construction equipment blade production rose slightly to $X in 2022 estimated in export price. In general, the total production indicated a notable increase from 2012 to 2022: its value 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, production increased by X% against 2019 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Construction equipment blade production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Construction Equipment Blade Exports

Exports from Lithuania

In 2022, approx. X units of blades for construction equipment were exported from Lithuania; growing by X% compared with 2021 figures. Overall, exports saw a remarkable increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, construction equipment blade exports fell sharply to $X in 2022. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then declined sharply in the following year.

Exports by Country

Norway (X units) was the main destination for construction equipment blade exports from Lithuania, with a X% share of total exports. Moreover, construction equipment blade exports to Norway exceeded the volume sent to the second major destination, Sweden (X units), twofold. The third position in this ranking was taken by Latvia (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Latvia (X% per year).

In value terms, Norway ($X) emerged as the key foreign market for blades for construction equipment exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by Sweden, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Norway amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Sweden (X% per year).

Export Prices by Country

In 2022, the average construction equipment blade export price amounted to $X per unit, shrinking by X% against the previous year. In general, the export price, however, showed a noticeable increase. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 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 ($X per unit), while the average price for exports to Sweden ($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 Norway (X%), while the prices for the other major destinations experienced more modest paces of growth.

Construction Equipment Blade Imports

Imports into Lithuania

In 2022, the amount of blades for construction equipment imported into Lithuania expanded notably to X units, surging by X% compared with the previous year. Overall, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, construction equipment blade imports soared to $X in 2022. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Poland (X units) constituted the largest supplier of construction equipment blade to Lithuania, accounting for a X% share of total imports. Moreover, construction equipment blade imports from Poland exceeded the figures recorded by the second-largest supplier, Latvia (X units), threefold. The third position in this ranking was taken by Sweden (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Poland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (X% per year) and Sweden (X% per year).

In value terms, Poland ($X), Sweden ($X) and Latvia ($X) constituted the largest construction equipment blade suppliers to Lithuania, with a combined X% share of total imports.

Latvia, with a CAGR of X%, recorded the highest growth rate of 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 construction equipment blade import price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, import price indicated a noticeable expansion 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, construction equipment blade import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, 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 Sweden ($X per unit), while the price for Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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