Lithuania: Mattocks And Rakes Market 2024

Mattocks And Rakes Market Size in Lithuania

The Lithuanian mattocks and rakes market rose slightly to $X in 2022, with an increase of X% against the previous year. In general, consumption enjoyed a remarkable increase. Mattocks and rakes consumption peaked in 2022 and is expected to retain growth in the near future.

Mattocks And Rakes Production in Lithuania

In value terms, mattocks and rakes production contracted to $X in 2022 estimated in export price. In general, production, however, saw a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Mattocks And Rakes Exports

Exports from Lithuania

In 2022, overseas shipments of mattocks, picks, hoes and rakes decreased by X% to X tons, falling for the fourth consecutive year after three years of growth. In general, exports showed a slight decrease. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mattocks and rakes exports contracted rapidly to $X in 2022. Overall, exports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Latvia (X tons) was the main destination for mattocks and rakes exports from Lithuania, accounting for a X% share of total exports. Moreover, mattocks and rakes exports to Latvia exceeded the volume sent to the second major destination, Estonia (X tons), twofold. The third position in this ranking was held by Belarus (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Latvia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Belarus (X% per year).

In value terms, Latvia ($X) remains the key foreign market for mattocks, picks, hoes and rakes exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Estonia ($X), with a X% share of total exports. It was followed by Belarus, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Latvia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Belarus (X% per year).

Export Prices by Country

The average mattocks and rakes export price stood at $X per ton in 2022, declining by X% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mattocks and rakes export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Kyrgyzstan ($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 Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mattocks And Rakes Imports

Imports into Lithuania

In 2022, mattocks and rakes imports into Lithuania expanded modestly to X tons, growing by X% against the year before. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, mattocks and rakes imports rose modestly to $X in 2022. In general, imports recorded a resilient increase. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of mattocks and rakes to Lithuania, with a X% share of total imports. Moreover, mattocks and rakes imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was held by Finland (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Finland (X% per year).

In value terms, Finland ($X), China ($X) and Poland ($X) appeared to be the largest mattocks and rakes suppliers to Lithuania, together comprising X% of total imports. Sweden, Latvia, Germany and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Sweden, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mattocks and rakes import price stood at $X per ton in 2022, dropping by X% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mattocks and rakes import price increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then contracted in the following year.

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 Finland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform