Lithuania: Market for Road Tractors For Semi-Trailers 2024

Market Size for Road Tractors For Semi-Trailers in Lithuania

In 2022, the Lithuanian road tractor for semi-trailer market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, showed a deep slump. Road tractor for semi-trailer consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Road Tractors For Semi-Trailers in Lithuania

In value terms, road tractor for semi-trailer production dropped notably to $X in 2022 estimated in export price. Over the period under review, production enjoyed a remarkable increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Road tractor for semi-trailer production peaked at $X in 2021, and then declined sharply in the following year.

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Exports of Road Tractors For Semi-Trailers

Exports from Lithuania

Road tractor for semi-trailer exports from Lithuania declined significantly to X units in 2022, falling by X% against 2021 figures. Over the period under review, exports, however, recorded strong growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then dropped rapidly in the following year.

In value terms, road tractor for semi-trailer exports dropped sharply to $X in 2022. Overall, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then reduced dramatically in the following year.

Exports by Country

Kazakhstan (X units), Poland (X units) and Uzbekistan (X units) were the main destinations of road tractor for semi-trailer exports from Lithuania, with a combined X% share of total exports. The Netherlands, Turkey, Kyrgyzstan, Germany, Tajikistan, Ukraine, Russia, Latvia, Azerbaijan and Belarus 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 Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the key foreign market for road tractors for semi-trailers exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with an X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Poland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average road tractor for semi-trailer export price amounted to $X per unit, reducing by X% against the previous year. Overall, the export price showed a mild descent. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Tajikistan ($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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Road Tractors For Semi-Trailers

Imports into Lithuania

In 2022, imports of road tractors for semi-trailers into Lithuania shrank markedly to X units, reducing by X% against the previous year. In general, imports, however, recorded tangible growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then dropped remarkably in the following year.

In value terms, road tractor for semi-trailer imports fell markedly to $X in 2022. Over the period under review, imports, however, recorded a pronounced increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then fell notably in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of road tractor for semi-trailer to Lithuania, with a X% share of total imports. Moreover, road tractor for semi-trailer imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. Poland (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 Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Poland (X% per year).

In value terms, Germany ($X) constituted the largest supplier of road tractors for semi-trailers to Lithuania, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total imports. It was followed by Sweden, with an X% share.

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

Import Prices by Country

In 2022, the average road tractor for semi-trailer import price amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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