Lithuania: Market for Self-Propelled Fork-Lift Trucks with Non-Electric Motor 2024

Market Size for Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Lithuania

In 2022, the Lithuanian self-propelled non-electric fork-lift truck market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption continues to indicate modest growth. Self-propelled non-electric fork-lift truck consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Lithuania

In value terms, self-propelled non-electric fork-lift truck production contracted remarkably to $X in 2022 estimated in export price. Overall, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Self-propelled non-electric fork-lift truck production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Exports from Lithuania

In 2022, overseas shipments of self-propelled fork-lift trucks with non-electric motor decreased by X% to X units, falling for the fourth consecutive year after three years of growth. Overall, exports recorded a noticeable setback. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, self-propelled non-electric fork-lift truck exports contracted to $X in 2022. In general, exports, however, posted a mild expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Latvia (X units), Kyrgyzstan (X units) and Ukraine (X units) were the main destinations of self-propelled non-electric fork-lift truck exports from Lithuania, together comprising X% of total exports. Kazakhstan, Poland, Estonia, Germany, Bulgaria, Belarus, the Czech Republic, the Netherlands, Hungary and Italy lagged somewhat behind, together accounting for a further X%.

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

In value terms, Kazakhstan ($X), Latvia ($X) and Poland ($X) constituted the largest markets for self-propelled non-electric fork-lift truck exported from Lithuania worldwide, together accounting for X% of total exports. Estonia, Ukraine, the Netherlands, Germany, Hungary, Italy, Belarus, Kyrgyzstan, the Czech Republic and Bulgaria lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Hungary, with a CAGR of X%, saw the highest growth rate of the value of exports, 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 self-propelled non-electric fork-lift truck export price amounted to $X per unit, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Imports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Imports into Lithuania

In 2022, supplies from abroad of self-propelled fork-lift trucks with non-electric motor increased by X% to X units, rising for the second year in a row after two years of decline. In general, total imports indicated a pronounced 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 2021 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, self-propelled non-electric fork-lift truck imports rose sharply to $X in 2022. Overall, imports showed strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

Japan (X units), the UK (X units) and Germany (X units) were the main suppliers of self-propelled non-electric fork-lift truck imports to Lithuania, together accounting for X% of total imports. France, China, Italy, the Netherlands, Denmark, Poland, Belgium and Latvia lagged somewhat behind, together accounting for a further X%.

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

In value terms, the UK ($X), France ($X) and Italy ($X) were the largest self-propelled non-electric fork-lift truck suppliers to Lithuania, together accounting for X% of total imports. Germany, China, Japan, Latvia, the Netherlands, Belgium, Poland and Denmark lagged somewhat behind, together accounting for a further X%.

Denmark, with a CAGR of X%, recorded 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 self-propelled non-electric fork-lift truck import price stood at $X per unit in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Japan ($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 more modest paces of growth.

Source: IndexBox Platform

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