Price for Compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion in Lithuania - 2023

Contents:

1. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Lithuania (CIF) - 2023
2. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Lithuania (FOB) - 2022
3. Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Lithuania
4. Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Lithuania

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Lithuania (CIF) - 2023

In October 2023, the average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion amounted to $49,935 per unit, surging by 53% against the previous month. Overall, the import price recorded prominent growth. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 117% month-to-month. The import price peaked in October 2023.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Sweden ($167K per unit), while the price for Japan ($18,424 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 Sweden (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Lithuania (FOB) - 2022

The average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion stood at $19,808 per unit in 2022, falling by -39.3% against the previous year. Over the period under review, the export price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 an increase of 84%. Over the period under review, the average export prices attained the peak figure at $35,145 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($28,463 per unit), while the average price for exports to Estonia ($2,079 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 Kazakhstan (+65.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Lithuania

After three years of growth, supplies from abroad of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion decreased by -13% to 268 units in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +18.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. As a result, imports reached the peak of 308 units, and then dropped in the following year.

In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion shrank to $6.7M in 2022. The total import value increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 31%. As a result, imports attained the peak of $7.2M, and then fell in the following year.

Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion to Lithuania in 2022:

1. Sweden (143.0 units)
2. Belgium (44.0 units)
3. Finland (32.0 units)
4. Japan (24.0 units)
5. Denmark (10.0 units)
6. France (5.0 units)

Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Lithuania

In 2022, the amount of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion exported from Lithuania reached 54 units, increasing by 3.8% on the previous year's figure. Overall, exports, however, showed a abrupt decrease. The growth pace was the most rapid in 2020 when exports increased by 13%. As a result, the exports reached the peak of 78 units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion fell dramatically to $1.1M in 2022. Over the period under review, exports, however, showed a precipitous slump. The smallest decline of -9.8% was in 2021. The exports peaked at $2.2M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion from Lithuania in 2022:

1. Uzbekistan (14.0 units)
2. Kazakhstan (13.0 units)
3. Estonia (11.0 units)
4. United Arab Emirates (8.0 units)
5. South Africa (3.0 units)
6. Saudi Arabia (2.0 units)
7. Angola (1.0 units)
8. Armenia (1.0 units)

Source: IndexBox Market Intelligence Platform