Lithuania: Mower Market 2024

Mower Market Size in Lithuania

For the third consecutive year, the Lithuanian mower market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption recorded a prominent expansion. Mower consumption peaked in 2022 and is expected to retain growth in the immediate term.

Mower Production in Lithuania

In value terms, mower production plummeted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate significant growth. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X, and then contracted dramatically in the following year.

Mower Exports

Exports from Lithuania

In 2022, after six years of growth, there was significant decline in shipments abroad of mowers, when their volume decreased by X% to X units. Over the period under review, exports, however, showed a strong increase. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked at X units in 2021, and then shrank in the following year.

In value terms, mower exports dropped to $X in 2022. Overall, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Poland (X units), Latvia (X units) and Germany (X units) were the main destinations of mower exports from Lithuania, together comprising X% of total exports. Kazakhstan, the Czech Republic, Estonia, Slovenia, France, Russia, Slovakia, Finland, Hungary and Portugal lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mower exported from Lithuania were Poland ($X), Latvia ($X) and Germany ($X), together comprising X% of total exports. Estonia, Russia, France, the Czech Republic, Slovenia, Finland, Slovakia, Hungary, Portugal and Kazakhstan lagged somewhat behind, together accounting for a further X%.

Hungary, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average mower export price amounted to $X per unit, rising by X% against the previous year. In general, the export price, however, showed a noticeable curtailment. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Kazakhstan ($X per unit) was amongst the lowest.

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

Mower Imports

Imports into Lithuania

Mower imports into Lithuania rose rapidly to X units in 2022, increasing by X% on the previous year. Over the period under review, imports showed a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, mower imports expanded notably to $X in 2022. Overall, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mower to Lithuania, accounting for a X% share of total imports. Moreover, mower imports from China exceeded the figures recorded by the second-largest supplier, Austria (X units), sixfold. Estonia (X units) 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 China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Estonia (X% per year).

In value terms, China ($X) constituted the largest supplier of mowers to Lithuania, comprising X% of total imports. The second position in the ranking was held by Austria ($X), with an X% share of total imports. It was followed by Sweden, with an X% share.

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

Import Prices by Country

The average mower import price stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. In general, the import price, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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