Lithuania: Market for Hand-Operated Drilling, Threading or Tapping Tools 2024

Market Size for Hand-Operated Drilling, Threading or Tapping Tools in Lithuania

The Lithuanian market for hand-operated drilling, threading or tapping tools surged to $X in 2022, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a strong increase. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Hand-Operated Drilling, Threading or Tapping Tools

Exports from Lithuania

In 2022, approx. X tons of hand-operated drilling, threading or tapping tools were exported from Lithuania; dropping by X% against 2021 figures. Overall, exports recorded a slight downturn. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of hand-operated drilling, threading or tapping tools reduced dramatically to $X in 2022. Over the period under review, exports showed a slight decrease. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports of reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X tons), Russia (X kg) and Poland (X kg) were the main destinations of exports of hand-operated drilling, threading or tapping tools from Lithuania, with a combined X% share of total exports. Kazakhstan, Estonia, Kyrgyzstan and Belarus lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for hand-operated drilling, threading or tapping tool exported from Lithuania were Russia ($X), Latvia ($X) and Kazakhstan ($X), with a combined X% share of total exports. Kyrgyzstan, Estonia, Poland and Belarus lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Kyrgyzstan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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 hand-operated drilling, threading or tapping tools stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

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

Imports of Hand-Operated Drilling, Threading or Tapping Tools

Imports into Lithuania

In 2022, overseas purchases of hand-operated drilling, threading or tapping tools increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a prominent expansion. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of hand-operated drilling, threading or tapping tools reduced modestly to $X in 2022. In general, imports continue to indicate a mild increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Poland (X tons), Germany (X tons) and Estonia (X tons) were the main suppliers of imports of hand-operated drilling, threading or tapping tools to Lithuania, together comprising X% of total imports. China, Latvia, Greece and Denmark lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Estonia ($X) appeared to be the largest hand-operated drilling, threading or tapping tool suppliers to Lithuania, with a combined X% share of total imports.

In terms of the main suppliers, Estonia, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average import price for hand-operated drilling, threading or tapping tools amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Estonia ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :