Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Lithuania - 2023

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Lithuania (FOB) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Lithuania (CIF) - 2022
3. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Lithuania
4. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Lithuania

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Lithuania (FOB) - 2022

In 2022, the average export price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.6 per unit, shrinking by -30.9% against the previous year. In general, the export price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2015 when the average export price increased by 53%. As a result, the export price reached the peak level of $2.1 per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($1.2 per unit), while the average price for exports to Estonia ($0.3 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 France (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Lithuania (CIF) - 2022

In 2022, the average import price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.7 per unit, falling by -29.8% against the previous year. In general, the import price, however, continues to indicate a mild expansion. The most prominent rate of growth was recorded in 2016 an increase of 286% against the previous year. The import price peaked at $1.5 per unit in 2018; however, from 2019 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 Germany ($1 per unit), while the price for China ($0.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.8%), while the prices for the other major suppliers experienced a decline.

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Lithuania

In 2022, exports of millstones, grindstones, grinding wheels and the like; of natural stones from Lithuania contracted dramatically to 44K units, waning by -58.7% against 2021. Over the period under review, exports recorded a deep downturn. The growth pace was the most rapid in 2021 with an increase of 118%. As a result, the exports reached the peak of 105K units, and then declined notably in the following year.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones shrank significantly to $26K in 2022. Overall, exports recorded a precipitous curtailment. The growth pace was the most rapid in 2021 with an increase of 110% against the previous year. As a result, the exports reached the peak of $93K, and then dropped sharply in the following year.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Lithuania in 2022:

1. Estonia (19.1K units)
2. Latvia (9.5K units)
3. Russia (5.6K units)
4. Colombia (5.1K units)
5. Kazakhstan (3.9K units)

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Lithuania

After three years of growth, supplies from abroad of millstones, grindstones, grinding wheels and the like; of natural stones decreased by -72.5% to 25K units in 2022. In general, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 353%. As a result, imports attained the peak of 90K units, and then shrank remarkably in the following year.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones reduced sharply to $17K in 2022. Over the period under review, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 414%. As a result, imports attained the peak of $89K, and then declined dramatically in the following year.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Lithuania in 2022:

1. Poland (22.1K units)
2. Germany (0.6K units)
3. China (0.6K units)

Source: IndexBox Market Intelligence Platform