Lithuania: Gouges And Chisels Market 2024

Gouges And Chisels Market Size in Lithuania

The Lithuanian gouges and chisels market soared to $X in 2022, picking up 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, the total consumption indicated prominent growth from 2012 to 2022: its value 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, consumption increased by X% against 2019 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the near future.

Gouges And Chisels Exports

Exports from Lithuania

In 2022, gouges and chisels exports from Lithuania declined dramatically to X tons, with a decrease of X% against the previous year. Overall, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then contracted dramatically in the following year.

In value terms, gouges and chisels exports expanded rapidly to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Latvia (X tons), Russia (X tons) and Belarus (X kg) were the main destinations of gouges and chisels exports from Lithuania, with a combined X% share of total exports. Estonia, Germany, Sweden, the Netherlands and Spain lagged somewhat behind, together accounting for 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 Germany (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for planes, chisels and gouges for working wood exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Latvia ($X), with an 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 Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Belarus (X% per year).

Export Prices by Country

The average gouges and chisels export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price saw a buoyant increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

Gouges And Chisels Imports

Imports into Lithuania

In 2022, supplies from abroad of planes, chisels and gouges for working wood increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated a prominent increase 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 2016 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, gouges and chisels imports rose notably to $X in 2022. In general, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Poland (X tons), China (X tons) and Latvia (X tons) were the main suppliers of gouges and chisels imports to Lithuania, together accounting for X% of total imports.

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

In value terms, the largest gouges and chisels suppliers to Lithuania were Poland ($X), China ($X) and the Czech Republic ($X), with a combined X% share of total imports. Germany, Estonia and Latvia lagged somewhat behind, together accounting for a further X%.

Latvia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 gouges and chisels import price amounted to $X per ton, declining by X% against the previous year. In general, import price indicated a modest 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, gouges and chisels import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average 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 Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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