Lithuania: Endless Machinery Band Market 2024

Endless Machinery Band Market Size in Lithuania

For the third consecutive year, the Lithuanian endless machinery band market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption showed a significant expansion. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Endless Machinery Band Production in Lithuania

In value terms, endless machinery band production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Endless Machinery Band Exports

Exports from Lithuania

In 2022, after two years of growth, there was significant decline in shipments abroad of endless bands for machinery, of stainless steel, when their volume decreased by X% to X square meters. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X square meters, and then shrank rapidly in the following year.

In value terms, endless machinery band exports reduced rapidly to $X in 2022. In general, exports showed a abrupt setback. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

Russia (X square meters) was the main destination for endless machinery band exports from Lithuania, accounting for a X% share of total exports. Moreover, endless machinery band exports to Russia exceeded the volume sent to the second major destination, Latvia (X square meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at X%.

In value terms, Russia ($X) remains the key foreign market for endless bands for machinery, of stainless steel exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Latvia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to X%.

Export Prices by Country

The average endless machinery band export price stood at $X per square meter in 2022, which is down by X% against the previous year. In general, the export price showed a pronounced descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per square meter in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per square meter), while the average price for exports to Latvia stood at $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (X%), while the prices for the other major destinations experienced a decline.

Endless Machinery Band Imports

Imports into Lithuania

In 2022, overseas purchases of endless bands for machinery, of stainless steel decreased by X% to X square meters for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X square meters in 2021, and then reduced dramatically in the following year.

In value terms, endless machinery band imports fell dramatically to $X in 2022. Over the period under review, imports, however, showed pronounced growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X square meters) was the main endless machinery band supplier to Lithuania, with a X% share of total imports. Moreover, endless machinery band imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X square meters), more than tenfold. Germany (X square meters) ranked third in terms of total imports with a X% share.

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

In value terms, Italy ($X) constituted the largest supplier of endless bands for machinery, of stainless steel to Lithuania, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average endless machinery band import price stood at $X per square meter in 2022, declining by X% against the previous year. Over the period under review, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price reached the peak level of $X per square meter. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for Italy ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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