Lithuania - Lifts And Hoists - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLift and Hoist Price in Lithuania - 2023
Contents:
- Lift and Hoist Price in Lithuania (FOB) - 2023
- Lift and Hoist Price in Lithuania (CIF) - 2023
- Lift and Hoist Exports in Lithuania
- Lift and Hoist Imports in Lithuania
Lift and Hoist Price in Lithuania (FOB) - 2023
In October 2023, the average lift and hoist export price amounted to $22,305 per unit, dropping by -5.1% against the previous month. In general, the export price, however, saw modest growth. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 70% month-to-month. Over the period under review, the average export prices reached the maximum at $55,942 per unit in August 2023; however, from September 2023 to October 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Russia ($56,201 per unit), while the average price for exports to Sweden ($12,887 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.
Lift and Hoist Price in Lithuania (CIF) - 2023
The average lift and hoist import price stood at $24,339 per unit in October 2023, with a decrease of -7.4% against the previous month. Overall, import price indicated a noticeable increase from October 2022 to October 2023: its price increased at an average monthly rate of +4.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, lift and hoist import price increased by +63.1% against August 2023 indices. The most prominent rate of growth was recorded in September 2023 an increase of 76% month-to-month. As a result, import price attained the peak level of $26,295 per unit, and then contracted in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($70,477 per unit), while the price for Finland ($2,739 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Greece (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Lift and Hoist Exports in Lithuania
In 2022, shipments abroad of lifts and hoists increased by 71% to 666 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a drastic downturn. The exports peaked at 1.1K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, lift and hoist exports soared to $17M in 2022. Overall, exports showed a relatively flat trend pattern. The exports peaked at $18M in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
Export of Lift and Hoist in Lithuania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 3.6 | 3.8 | 3.9 | 3.5 | -0.9% |
Sweden | 0.1 | N/A | 0.1 | 2.7 | 200.0% |
France | 1.6 | 1.6 | 2.4 | 2.0 | 7.7% |
Netherlands | 1.0 | 1.0 | 1.2 | 1.6 | 17.0% |
Russia | 4.5 | 6.6 | 1.8 | 1.5 | -30.7% |
Belgium | 0.8 | 0.8 | 1.0 | 1.3 | 17.6% |
United Kingdom | 0.7 | 0.7 | 0.6 | 0.9 | 8.7% |
Australia | 0.4 | 0.6 | 0.4 | 0.5 | 7.7% |
Estonia | 0.5 | 0.6 | 0.8 | 0.5 | 0.0% |
Spain | 0.1 | 0.3 | 0.6 | 0.5 | 71.0% |
Latvia | 0.1 | 0.2 | 0.1 | 0.4 | 58.7% |
Ireland | 0.4 | 0.5 | 0.4 | 0.3 | -9.1% |
Others | 2.9 | 1.8 | 1.7 | 1.7 | -16.3% |
Total | 16.9 | 18.4 | 15.0 | 17.4 | 1.0% |
Top Export Markets for Lift and Hoist from Lithuania in 2022:
- Germany (205.0 units)
- Sweden (159.0 units)
- France (115.0 units)
- Netherlands (91.0 units)
- Russia (86.0 units)
- Belgium (77.0 units)
- United Kingdom (51.0 units)
- Australia (30.0 units)
- Spain (28.0 units)
- Estonia (27.0 units)
- Latvia (21.0 units)
- Ireland (20.0 units)
Lift and Hoist Imports in Lithuania
In 2022, the amount of lifts and hoists imported into Lithuania shrank notably to 734 units, dropping by -21.2% compared with the previous year's figure. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 1.9%. Imports peaked at 1K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, lift and hoist imports declined significantly to $13M in 2022. Over the period under review, imports recorded a deep contraction. The smallest decline of -10.6% was in 2020. Imports peaked at $20M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Lift and Hoist in Lithuania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Slovakia | 6.6 | 5.4 | 5.1 | 3.9 | -16.1% |
Spain | 4.1 | 2.8 | 3.0 | 3.5 | -5.1% |
Germany | 0.9 | 1.3 | 1.0 | 1.4 | 15.9% |
Austria | 0.8 | 1.1 | 1.4 | 0.9 | 4.0% |
Greece | 0.4 | 0.3 | 0.7 | 0.7 | 20.5% |
Poland | 0.9 | 1.1 | 1.1 | 0.6 | -12.6% |
Sweden | 1.5 | 1.0 | 1.1 | 0.6 | -26.3% |
Italy | 1.1 | 0.6 | 0.3 | 0.4 | -28.6% |
Finland | 2.1 | 0.8 | 1.0 | 0.1 | -63.8% |
Others | 1.4 | 3.1 | 0.9 | 0.6 | -24.6% |
Total | 19.7 | 17.6 | 15.6 | 12.7 | -13.6% |
Top Suppliers of Lift and Hoist to Lithuania in 2022:
- Slovakia (204.0 units)
- Spain (185.0 units)
- Germany (71.0 units)
- Austria (48.0 units)
- Greece (38.0 units)
- Poland (34.0 units)
- Sweden (29.0 units)
- Italy (19.0 units)
- Finland (7.0 units)
This report provides an in-depth analysis of the lift and hoist 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 2030.
Product coverage:
- Prodcom 28221630 - Electrically operated lifts and skip hoists
- Prodcom 28221650 - Lifts and skip hoists (excluding electrically operated)
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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