Lithuania: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Lithuania

The Lithuanian cylindrical roller bearing market fell modestly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Cylindrical Roller Bearing Production in Lithuania

In value terms, cylindrical roller bearing production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated notable growth 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 decreased by X% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Cylindrical Roller Bearing Exports

Exports from Lithuania

In 2022, the amount of cylindrical roller bearings exported from Lithuania shrank to X tons, declining by X% compared with the previous year. Over the period under review, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The Lithuania exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cylindrical roller bearing exports fell sharply to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of cylindrical roller bearings, namely Germany, China and Japan, represented more than half of total export. It was distantly followed by Romania (X tons) and Slovakia (X tons), together comprising a X% share of total exports. Kazakhstan (X tons), Canada (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons), Italy (X tons), India (X tons) and the Netherlands (X tons) held a minor share of total exports.

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

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Lithuania, comprising X% of global exports. The second position in the ranking was held by Japan ($X), with an X% share of global exports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Germany was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and China (X% per year).

Export Prices by Country

The export price in Lithuania stood at $X per ton in 2022, falling by X% against the previous year. Overall, export price indicated resilient 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, cylindrical roller bearing export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while Poland ($X per ton) was amongst the lowest.

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

Cylindrical Roller Bearing Imports

Imports into Lithuania

In 2022, approx. X tons of cylindrical roller bearings were imported into Lithuania; shrinking by X% against the year before. Over the period under review, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, cylindrical roller bearing imports shrank sharply to $X in 2022. In general, imports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Lithuania imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of cylindrical roller bearing imports in 2022 were China (X tons), Russia (X tons) and Germany (X tons), together accounting for X% of total import. It was distantly followed by the United States (X tons), creating a X% share of total imports. Spain (X tons), Mexico (X tons), Italy (X tons), Brazil (X tons), Thailand (X tons), South Korea (X tons), Belgium (X tons), Turkey (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

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

In value terms, the largest cylindrical roller bearing importing markets into Lithuania were China ($X), Germany ($X) and the United States ($X), with a combined X% share of total imports. Russia, Mexico, Italy, Brazil, South Korea, Spain, Belgium, Turkey, the Czech Republic and Thailand lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Lithuania amounted to $X per ton, growing by X% against the previous year. In general, the import price posted a strong increase. The pace of growth was the most pronounced in 2015 when the import price increased by X% against the previous year. Lithuania import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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