Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Lithuania - 2023

Contents:

1. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Lithuania (CIF) - 2022
2. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Lithuania (FOB) - 2022
3. Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Lithuania
4. Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Lithuania

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Lithuania (CIF) - 2022

The average import price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses stood at $2,669 per unit in 2022, which is down by -8.5% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses increased by +2.0% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the peak figure at $4,021 per unit in 2018; however, from 2019 to 2022, import prices remained at a 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 Germany ($5,674 per unit), while the price for Romania ($1,233 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Lithuania (FOB) - 2022

In 2022, the average export price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses amounted to $2,331 per unit, increasing by 13% against the previous year. Over the period under review, the export price, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2015 an increase of 75%. The export price peaked at $3,642 per unit in 2016; however, from 2017 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 Latvia ($3,896 per unit), while the average price for exports to Georgia ($411 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 Belarus (+15.5%), while the prices for the other major destinations experienced a decline.

Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Lithuania

In 2022, the amount of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses imported into Lithuania rose to 568 units, growing by 2.2% compared with 2021. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 173% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses dropped to $1.5M in 2022. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2021 with an increase of 204% against the previous year. As a result, imports attained the peak of $1.6M, and then dropped in the following year.

Top Suppliers of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices to Lithuania in 2022:

1. Italy (489.0 units)
2. Poland (50.0 units)
3. Romania (20.0 units)

Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Lithuania

In 2022, exports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses from Lithuania dropped remarkably to 357 units, with a decrease of -35.1% compared with 2021 figures. Overall, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 162% against the previous year. As a result, the exports reached the peak of 550 units, and then contracted sharply in the following year.

In value terms, exports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses dropped markedly to $832K in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 210%. As a result, the exports attained the peak of $1.1M, and then contracted dramatically in the following year.

Top Export Markets for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices from Lithuania in 2022:

1. Russia (288.0 units)
2. Kazakhstan (30.0 units)
3. Georgia (18.0 units)
4. Latvia (10.0 units)
5. Estonia (6.0 units)

Source: IndexBox Market Intelligence Platform