Lithuania: Hedge Shear Market 2024

Hedge Shear Market Size in Lithuania

In 2023, the Lithuanian hedge shear market decreased by X% to $X, falling for the fifth consecutive year after three years of growth. Over the period under review, the total consumption indicated a notable increase from 2012 to 2023: its value increased 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 2023 figures, consumption decreased by X% against 2018 indices. Hedge shear consumption peaked at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Hedge Shear Production in Lithuania

In value terms, hedge shear production shrank modestly to $X in 2023 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2023: its value increased 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 2023 figures, production increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Hedge shear production peaked at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Hedge Shear Exports

Exports from Lithuania

In 2023, the amount of hedge shears and two-handed pruning shears exported from Lithuania surged to X tons, rising by X% on the previous year's figure. Overall, exports recorded prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are likely to continue growth in the near future.

In value terms, hedge shear exports skyrocketed to $X in 2023. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for hedge shear exports from Lithuania, with a X% share of total exports. Moreover, hedge shear exports to Russia exceeded the volume sent to the second major destination, Latvia (X tons), twofold. Estonia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Estonia (X% per year).

In value terms, Russia ($X) emerged as the key foreign market for hedge shears and two-handed pruning shears exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Latvia ($X), with a X% share of total exports. It was followed by Estonia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Estonia (X% per year).

Export Prices by Country

The average hedge shear export price stood at $X per ton in 2023, growing by X% against the previous year. Overall, export price indicated strong growth from 2012 to 2023: its price increased 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 2023 figures, hedge shear export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, the average export prices hit record highs in 2023 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Serbia ($X per ton) was amongst the lowest.

From 2012 to 2023, 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 more modest paces of growth.

Hedge Shear Imports

Imports into Lithuania

Hedge shear imports into Lithuania reduced to X tons in 2023, waning by X% against the previous year. Overall, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, hedge shear imports skyrocketed to $X in 2023. Over the period under review, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Finland (X tons) and Poland (X tons) were the main suppliers of hedge shear imports to Lithuania, together accounting for X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Germany ($X) and Poland ($X) appeared to be the largest hedge shear suppliers to Lithuania, with a combined X% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2023, the average hedge shear import price amounted to $X per ton, rising by X% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, hedge shear import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Latvia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform