Feb 1, 2019

Lithuania - Trucks - Market Analysis, Forecast, Size, Trends and Insights

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Lithuania: Truck Market Overview 2019

Truck Market Size in Lithuania

The revenue of the truck market in Lithuania amounted to $X in 2018, jumping by X% against the previous year. Overall, truck consumption, however, continues to indicate an abrupt slump. The pace of growth was the most pronounced in 2011, when the market value increased by X% year-to-year. Over the period under review, the truck market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Truck Production in Lithuania

In value terms, truck production stood at $X in 2018 estimated in export prices. Over the period under review, truck production continues to indicate a dramatic drop. The pace of growth appeared the most rapid in 2018, with a decrease of -X% against the previous year. Lithuania truck production peaked at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Truck Exports

Exports from Lithuania

In 2018, the amount of trucks exported from Lithuania stood at X units, coming down by -X% against the previous year. Over the period under review, truck exports continue to indicate a deep contraction. The growth pace was the most rapid in 2016, with an increase of X% against the previous year. Lithuania exports peaked at X units in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, truck exports stood at $X in 2018. Overall, truck exports continue to indicate a drastic decrease. The pace of growth was the most pronounced in 2016, when exports increased by X% year-to-year. Over the period under review, truck exports reached their maximum at $X in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, Thailand (X units) represented the largest exporter for trucks, creating X% of total exports. Mexico (X units) occupied the second position in the ranking, distantly followed by the U.S. (X units) and Germany (X units). All these countries together took approx. X% share of total exports. The following exporters - France (X units), Turkey (X units), Italy (X units), Spain (X units), Japan (X units), South Africa (X units), Belgium (X units) and Argentina (X units) - together made up X% of total exports.

Thailand was also the fastest growing in terms of the trucks exports, with a CAGR of +X% from 2007 to 2018. At the same time, Argentina (+X%), South Africa (+X%), Belgium (+X%), Turkey (+X%) and France (+X%) displayed positive paces of growth. The U.S. experienced a relatively flat trend pattern. By contrast, Mexico (-X%), Spain (-X%), Italy (-X%), Germany (-X%) and Japan (-X%) illustrated a downward trend over the same period. Mexico (X%), Germany (X%) and Japan (X%) significantly strengthened its position in terms of the global exports, while Thailand saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), the U.S. ($X) and Germany ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. Thailand, France, Spain, Italy, Japan, Turkey, Belgium, Argentina, South Africa and Lithuania lagged somewhat behind, together comprising a further X the main exporting countries, South Africa experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The truck export price in Lithuania stood at $X thousand per unit in 2018, reducing by -X% against the previous year. Overall, the truck export price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2016, when the export price increased by X% against the previous year. Over the period under review, the export prices for trucks attained their peak figure at $X thousand per unit in 2011; however, from 2012 to 2018, export prices remained at a lower figure.

Export prices varied noticeably by the country of origin; the country with the highest export price was Germany ($X thousand per unit), while Thailand ($X thousand per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by Mexico, while the other leaders experienced more modest paces of growth.

Truck Imports

Imports into Lithuania

In 2018, truck imports into Lithuania amounted to X units, rising by X% against the previous year. In general, truck imports, however, continue to indicate an abrupt descent. The pace of growth appeared the most rapid in 2011, when imports increased by X% against the previous year. Lithuania imports peaked at X units in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, truck imports totaled $X in 2018. Over the period under review, truck imports, however, continue to indicate a drastic decline. The most prominent rate of growth was recorded in 2011, with an increase of X% year-to-year. Over the period under review, truck imports reached their peak figure at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the Philippines (X units) was the major importer for trucks, committing X% of total imports. It was distantly followed by the U.S. (X units) and Canada (X units), together creating X% share of total imports. The following importers - the UK (X units), Germany (X units), Australia (X units) and France (X units) - each amounted to a X% share of total imports.

The Philippines was also the fastest growing in terms of the trucks imports, with a CAGR of +X% from 2007 to 2018. At the same time, Canada (+X%), Australia (+X%) and the U.S. (+X%) displayed positive paces of growth. Germany experienced a relatively flat trend pattern. By contrast, the UK (-X%) and France (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Canada, the U.S. and the Philippines decreased by -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X), Canada ($X) and the UK ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports. Germany, France, Australia, the Philippines and Lithuania lagged somewhat behind, together accounting for a further X Philippines experienced the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The truck import price in Lithuania stood at $X thousand per unit in 2018, lowering by -X% against the previous year. Over the period under review, the truck import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, an increase of X% y-o-y. Over the period under review, the import prices for trucks reached their maximum at $X thousand per unit in 2017, and then declined slightly in the following year.

There were significant differences in the average import prices amongst the major importing countries. In 2018, the country with the highest import price was the UK ($X thousand per unit), while the Philippines ($X thousand per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by the UK, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 29104110 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight . 5 tonnes (excluding dumpers for off-highway use)
• Prodcom 29104130 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight > 5 tonnes but . .20 tonnes (including vans) (excluding dumpers for off-highway use, tractors)
• Prodcom 29104140 - Goods vehicles with compression-ignition internal combustion piston engine (diesel or semi-diesel), of a gross vehicle weight > .20 tonnes (excluding dumpers designed for offhighway use)
• Prodcom 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new

This report provides an in-depth analysis of the truck market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Lithuania

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Lithuania
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2018
Figure 21:
Production, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, 2007–2018
Figure 23:
Imports, In Value Terms, 2007–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2007–2018
Figure 26:
Imports, In Value Terms, By Country, 2007–2018
Figure 27:
Import Prices, By Country Of Origin, 2007–2018
Figure 28:
Exports, In Physical Terms, 2007–2018
Figure 29:
Exports, In Value Terms, 2007–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2007–2018
Figure 32:
Exports, In Value Terms, By Country, 2007–2018
Figure 33:
Export Prices, By Country Of Destination, 2007–2018
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