Lithuania: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Lithuania

The Lithuanian sugar-manufacturing industrial machinery market shrank slightly to $X in 2022, leveling off at the previous year. In general, consumption recorded a perceptible reduction. Sugar-manufacturing industrial machinery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sugar-Manufacturing Industrial Machinery Production in Lithuania

In value terms, sugar-manufacturing industrial machinery production reduced to $X in 2022 estimated in export price. Overall, production showed a noticeable downturn. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Sugar-manufacturing industrial machinery production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports from Lithuania

In 2022, approx. X units of industrial machinery for the manufacture or preparation of sugar were exported from Lithuania; therefore, remained relatively stable against 2021. In general, exports saw a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, sugar-manufacturing industrial machinery exports contracted dramatically to $X in 2022. Overall, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Kyrgyzstan (X units) was the main destination for sugar-manufacturing industrial machinery exports from Lithuania, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Kyrgyzstan was relatively modest.

In value terms, Kyrgyzstan ($X) emerged as the key foreign market for industrial machinery for the manufacture or preparation of sugar exports from Lithuania.

From 2012 to 2022, the average annual rate of growth in terms of value to Kyrgyzstan was relatively modest.

Export Prices by Country

In 2022, the average sugar-manufacturing industrial machinery export price amounted to $X per unit, reducing by X% against the previous year. In general, the export price showed a abrupt contraction. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Kyrgyzstan.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to X% per year.

Sugar-Manufacturing Industrial Machinery Imports

Imports into Lithuania

Sugar-manufacturing industrial machinery imports into Lithuania contracted to X units in 2022, falling by X% compared with 2021 figures. In general, imports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery imports declined dramatically to $X in 2022. Overall, imports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest sugar-manufacturing industrial machinery supplier to Lithuania, with a X% share of total imports. Moreover, sugar-manufacturing industrial machinery imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X units), sixfold. The third position in this ranking was taken by Latvia (X units), with an X% share.

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

In value terms, Germany ($X) constituted the largest supplier of industrial machinery for the manufacture or preparation of sugar to Lithuania, comprising X% of total imports. The second position in the ranking was held by Latvia ($X), with a X% share of total imports. It was followed by Sweden, with less than X% share.

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

Import Prices by Country

The average sugar-manufacturing industrial machinery import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average 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 Germany ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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