Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Lithuania - 2023

Contents:

1. Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Lithuania (FOB) - 2022
2. Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Lithuania (CIF) - 2022
3. Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Lithuania
4. Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Lithuania

Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Lithuania (FOB) - 2022

The average export price for machine-tools; parts and accessories, for the machines of heading no. 8464 stood at $84,256 per ton in 2022, surging by 7% against the previous year. Overall, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 90% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($248,857 per ton), while the average price for exports to Latvia ($11,816 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 Germany (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Lithuania (CIF) - 2022

In 2022, the average import price for machine-tools; parts and accessories, for the machines of heading no. 8464 amounted to $26,812 per ton, reducing by -24.2% against the previous year. In general, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 41% against the previous year. Over the period under review, average import prices hit record highs at $54,442 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Estonia ($66,964 per ton), while the price for Belgium ($6,690 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Lithuania

In 2022, the amount of machine-tools; parts and accessories, for the machines of heading no. 8464 exported from Lithuania declined sharply to 10 tons, waning by -74.7% against the previous year. Overall, exports continue to indicate a significant curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 102% against the previous year. As a result, the exports attained the peak of 41 tons, and then reduced sharply in the following year.

In value terms, exports of machine-tools; parts and accessories, for the machines of heading no. 8464 fell remarkably to $871K in 2022. In general, exports saw a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 110% against the previous year. As a result, the exports reached the peak of $3.2M, and then contracted remarkably in the following year.

Top Export Markets for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 from Lithuania in 2022:

1. Germany (3.9 tons)
2. Russia (2.6 tons)
3. Poland (1.3 tons)
4. Latvia (1.0 tons)
5. Uzbekistan (0.6 tons)
6. Estonia (0.3 tons)
7. Ukraine (0.2 tons)
8. Belarus (0.2 tons)

Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Lithuania

In 2022, the amount of machine-tools; parts and accessories, for the machines of heading no. 8464 imported into Lithuania fell markedly to 27 tons, which is down by -31.4% compared with 2021. Overall, imports faced a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 45%.

In value terms, imports of machine-tools; parts and accessories, for the machines of heading no. 8464 contracted rapidly to $722K in 2022. In general, imports showed a significant curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 2.6% against the previous year.

Top Suppliers of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 to Lithuania in 2022:

1. Poland (6.1 tons)
2. Germany (5.4 tons)
3. Italy (4.2 tons)
4. Austria (3.9 tons)
5. Belgium (2.9 tons)
6. China (2.0 tons)
7. Sweden (0.6 tons)
8. Latvia (0.2 tons)

Source: IndexBox Market Intelligence Platform