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Lithuania - Tyres For Motor Cars - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPassenger Car Tyre Price in Lithuania - 2023
Contents:
- Passenger Car Tyre Price in Lithuania (CIF) - 2023
- Passenger Car Tyre Price in Lithuania (FOB) - 2023
- Passenger Car Tyre Imports in Lithuania
- Passenger Car Tyre Exports in Lithuania
Passenger Car Tyre Price in Lithuania (CIF) - 2023
In September 2023, the average passenger car tyre import price amounted to $74.9 per unit, growing by 13% against the previous month. Overall, import price indicated moderate growth from September 2022 to September 2023: its price increased at an average monthly rate of +2.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, passenger car tyre import price decreased by -21.6% against June 2023 indices. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 39% m-o-m. Over the period under review, average import prices reached the maximum at $95.5 per unit in June 2023; however, from July 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Poland ($140 per unit), while the price for China ($34.8 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Estonia (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Passenger Car Tyre Price in Lithuania (FOB) - 2023
In September 2023, the average passenger car tyre export price amounted to $140 per unit, rising by 34% against the previous month. Over the period under review, export price indicated notable growth from September 2022 to September 2023: its price increased at an average monthly rate of +3.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, passenger car tyre export price increased by +33.7% against August 2023 indices. The pace of growth appeared the most rapid in April 2023 an increase of 44% m-o-m. The export price peaked in September 2023.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Kyrgyzstan ($329 per unit), while the average price for exports to Latvia ($64.1 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+27.2%), while the prices for the other major destinations experienced more modest paces of growth.
Passenger Car Tyre Imports in Lithuania
In 2022, approx. 1.5M units of tyres for motor cars were imported into Lithuania; falling by -14% compared with 2021. Overall, imports continue to indicate a perceptible decrease. The growth pace was the most rapid in 2021 when imports increased by 16% against the previous year. As a result, imports reached the peak of 1.7M units, and then fell in the following year.
In value terms, passenger car tyre imports reduced modestly to $95M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. As a result, imports attained the peak of $99M, and then reduced slightly in the following year.
Import of Passenger Car Tyre in Lithuania (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 15.6 | 14.6 | 21.0 | 24.3 | 15.9% |
China | 16.8 | 17.2 | 21.4 | 21.9 | 9.2% |
Latvia | 13.9 | 16.5 | 19.4 | 20.5 | 13.8% |
Estonia | 4.7 | 3.7 | 5.0 | 6.5 | 11.4% |
Germany | 3.6 | 2.7 | 4.5 | 4.1 | 4.4% |
South Korea | 5.6 | 3.9 | 6.7 | 4.1 | -9.9% |
Belgium | 2.0 | 2.0 | 3.2 | 3.4 | 19.3% |
Others | 10.1 | 10.2 | 17.8 | 10.1 | 0.0% |
Total | 72.3 | 70.8 | 99.0 | 94.9 | 9.5% |
Top Suppliers of Passenger Car Tyre to Lithuania in 2022:
- China (513.9K units)
- Latvia (280.0K units)
- Poland (273.1K units)
- Estonia (101.5K units)
- South Korea (76.7K units)
- Germany (56.0K units)
- Belgium (49.8K units)
Passenger Car Tyre Exports in Lithuania
After three years of growth, shipments abroad of tyres for motor cars decreased by -28.8% to 329K units in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. The exports peaked at 463K units in 2021, and then declined remarkably in the following year.
In value terms, passenger car tyre exports contracted markedly to $23M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.5% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 41% against the previous year. As a result, the exports attained the peak of $32M, and then dropped sharply in the following year.
Export of Passenger Car Tyre in Lithuania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Latvia | 6.9 | 5.9 | 7.4 | 5.7 | -6.2% |
Russia | 0.3 | 0.1 | 0.1 | 5.0 | 155.4% |
Estonia | 3.5 | 2.8 | 3.7 | 3.3 | -1.9% |
Germany | 3.4 | 3.1 | 5.5 | 2.5 | -9.7% |
Finland | 0.3 | 1.3 | 1.8 | 1.3 | 63.0% |
Poland | 0.6 | 1.0 | 1.3 | 1.1 | 22.4% |
Netherlands | 2.3 | 6.6 | 8.2 | 0.9 | -26.9% |
Others | 1.0 | 1.7 | 3.6 | 3.5 | 51.8% |
Total | 18.4 | 22.5 | 31.6 | 23.3 | 8.2% |
Top Export Markets for Passenger Car Tyre from Lithuania in 2022:
- Latvia (93.6K units)
- Russia (65.0K units)
- Estonia (46.9K units)
- Germany (23.5K units)
- Poland (20.7K units)
- Finland (17.9K units)
- Netherlands (14.9K units)
This report provides an in-depth analysis of the passenger car tyre 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 22111100 - New pneumatic rubber tyres for motor cars (including for racing cars)
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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