Latest Report Update: Dec 27, 2019

Lithuania - Derricks, Cranes, Mobile Lifting Frames, Straddle Carriers And Work Trucks Fitted With A Crane - Market Analysis, Forecast, Size, Trends and Insights
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Lithuania: Crane Market Overview 2020

Crane Market Size in Lithuania

The revenue of the crane market in Lithuania amounted to $X in 2018, rising by X% against the previous year. Overall, the total market indicated remarkable growth from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, crane consumption increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Over the period under review, the crane market attained its maximum level in 2018 and is expected to retain its growth in the near future.

Crane Production in Lithuania

In value terms, crane production stood at $X in 2018 estimated in export prices. Overall, crane production continues to indicate an outstanding expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Lithuania crane production peaked in 2018 and is likely to see steady growth in the immediate term.

Crane Exports

Exports from Lithuania

In 2018, approx. X units of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane were exported from Lithuania; growing by X% against the previous year. Overall, crane exports continue to indicate conspicuous growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. Over the period under review, crane exports attained their peak figure at X units in 2013; however, from 2014 to 2018, exports remained at a lower figure.

In value terms, crane exports totaled $X in 2018. Overall, crane exports continue to indicate a remarkable expansion. The growth pace was the most rapid in 2018 when exports increased by X% y-o-y. In that year, crane exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

The exports of the five major exporters of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane, namely Sierra Leone, Saint Vincent and the Grenadines, Italy, China and Uganda, represented more than half of total export. Madagascar (X units) ranks next in terms of the total exports with a X% share, followed by Austria (X%). Japan (X units), Germany (X units), the U.S. (X units) and Poland (X units) took a little share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Sierra Leone (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Italy ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports. Japan, Austria, Poland, the U.S., Lithuania, Uganda, Sierra Leone, Saint Vincent and the Grenadines and Madagascar lagged somewhat behind, together comprising a further X Vincent and the Grenadines recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The crane export price in Lithuania stood at $X per unit in 2018, picking up by X% against the previous year. Over the period under review, the crane export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. Lithuania export price peaked at $X per unit in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($X per unit), while Madagascar ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced mixed trends in the export price figures.

Crane Imports

Imports into Lithuania

Crane imports into Lithuania stood at X units in 2018, growing by X% against the previous year. Over the period under review, crane imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Lithuania imports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, crane imports stood at $X in 2018. Overall, crane imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. In that year, crane imports attained their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, the United Arab Emirates (X units) was the largest importer of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane, generating X% of total imports. Luxembourg (X units) ranks second in terms of the total imports with a X% share, followed by Qatar (X%), Free Zones (X%) and Ethiopia (X%). Saudi Arabia (X units), Trinidad and Tobago (X units), Lao People's Democratic Republic (X units) and Iraq (X units) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of +X% from 2007 to 2018. At the same time, Luxembourg (+X%), Ethiopia (+X%), Lao People's Democratic Republic (+X%), Trinidad and Tobago (+X%), Qatar (+X%), Saudi Arabia (+X%), Iraq (+X%) and Free Zones (+X%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. While the share of the United Arab Emirates (+X p.p.), Luxembourg (+X p.p.), Qatar (+X p.p.), Ethiopia (+X p.p.), Free Zones (+X p.p.), Saudi Arabia (+X p.p.), Trinidad and Tobago (+X p.p.) and Lao People's Democratic Republic (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane into Lithuania, comprising X% of global imports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of global imports. It was followed by Qatar, with a X% share.

In the United Arab Emirates, crane imports plunged by an average annual rate of -X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Saudi Arabia (-X% per year) and Qatar (-X% per year).

Import Prices by Country

In 2018, the crane import price in Lithuania amounted to $X per unit, going up by X% against the previous year. Overall, the crane import price, however, continues to indicate an abrupt shrinkage. The growth pace was the most rapid in 2014 an increase of X% against the previous year. In that year, the import prices for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane reached their peak level of $X per unit. From 2015 to 2018, the growth in terms of the import prices for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Saudi Arabia ($X per unit), while Free Zones ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Iraq, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 28221420 - Overhead travelling cranes on fixed support
• Prodcom 28221433 - Mobile lifting frames on tyres and straddle carriers
• Prodcom 28221435 - Transporter cranes, gantry cranes and bridge cranes
• Prodcom 28221440 - Tower cranes and portal or pedestal jib cranes
• Prodcom 28221450 - Self-propelled lifting equipment, of a kind mounted to run on rails in servicing building sites, quarries and the like
• Prodcom 28221460 - Lifting equipment designed for mounting on road vehicles
• Prodcom 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)

This report provides an in-depth analysis of the crane 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.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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