Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Lithuania - 2023

Contents:

1. Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Lithuania (CIF) - 2022
2. Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Lithuania (FOB) - 2022
3. Imports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Lithuania
4. Exports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Lithuania

Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Lithuania (CIF) - 2022

In 2022, the average import price for calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 amounted to $324,589 per ton, surging by 35% against the previous year. Overall, the import price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2021 an increase of 108%. Over the period under review, average import prices reached the peak figure at $423,375 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($720,593 per ton), while the price for China ($59,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Lithuania (FOB) - 2022

In 2022, the average export price for calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 amounted to $82,100 per ton, waning by -44.8% against the previous year. Over the period under review, the export price continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 64% against the previous year. The export price peaked at $148,677 per ton in 2021, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($201,500 per ton), while the average price for exports to Norway ($8,686 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+28.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Lithuania

In 2022, the amount of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 imported into Lithuania skyrocketed to 713 kg, surging by 43% on 2021 figures. Overall, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 61% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 soared to $231K in 2022. Over the period under review, imports showed strong growth. The pace of growth was the most pronounced in 2021 with an increase of 234%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 to Lithuania in 2022:

1. India (219.0 kg)
2. Netherlands (182.0 kg)
3. Germany (182.0 kg)
4. Latvia (34.0 kg)
5. Finland (33.0 kg)
6. Poland (18.0 kg)
7. Estonia (15.0 kg)
8. Sweden (13.0 kg)

Exports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Lithuania

In 2022, shipments abroad of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 was finally on the rise to reach 130 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a sharp decline.

In value terms, exports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 reduced dramatically to $11K in 2022. Overall, exports, however, showed a dramatic decline. The growth pace was the most rapid in 2021 with an increase of 12%.

Top Export Markets for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 from Lithuania in 2022:

1. Estonia (51.0 kg)
2. Norway (35.0 kg)
3. Poland (15.0 kg)
4. Cyprus (12.0 kg)
5. Latvia (9.0 kg)
6. Finland (4.0 kg)
7. Czech Republic (2.0 kg)

Source: IndexBox Market Intelligence Platform