Price for Reciprocating or Rotary Internal Combustion Piston Engines in Lithuania - 2024
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Lithuania (CIF) - 2022
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Lithuania (FOB) - 2022
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Lithuania
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Lithuania
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Lithuania (CIF) - 2022
The average import price for reciprocating or rotary internal combustion piston engineses stood at $528 per unit in 2022, growing by 44% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 reciprocating or rotary internal combustion piston engineses increased by +145.8% against 2018 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 67% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.
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 Hungary ($4,013 per unit), while the price for China ($109 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+33.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Lithuania (FOB) - 2022
The average export price for reciprocating or rotary internal combustion piston engineses stood at $150 per unit in 2022, surging by 26% against the previous year. Overall, the export price, however, recorded a slight decline. The export price peaked at $173 per unit in 2013; however, from 2014 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 Turkey ($504 per unit), while the average price for exports to Tajikistan ($25 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 Kyrgyzstan (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Lithuania
After three years of growth, overseas purchases of reciprocating or rotary internal combustion piston engineses decreased by -12.3% to 17K units in 2022. Over the period under review, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 57% against the previous year. As a result, imports attained the peak of 20K units, and then reduced in the following year.
In value terms, imports of reciprocating or rotary internal combustion piston engineses surged to $9.2M in 2022. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 71% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Reciprocating or Rotary Internal Combustion Piston Engines in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 218 | 1,794 | 488 | 2,016 | 109.9% |
| Belgium | 884 | 1,139 | 1,722 | 1,774 | 26.1% |
| Hungary | 331 | 550 | 1,119 | 1,637 | 70.4% |
| Finland | 579 | 472 | 627 | 816 | 12.1% |
| United Kingdom | 152 | 463 | 1,116 | 681 | 64.9% |
| China | 248 | 266 | 478 | 517 | 27.7% |
| United States | 161 | 33.9 | 151 | 339 | 28.2% |
| Norway | 78.5 | 189 | 135 | 181 | 32.1% |
| Netherlands | 44.1 | 105 | 23.9 | 143 | 48.0% |
| Italy | 80.3 | 84.6 | 40.0 | 112 | 11.7% |
| United Arab Emirates | 21.7 | 44.6 | 62.4 | 29.2 | 10.4% |
| Others | 567 | 619 | 1,283 | 955 | 19.0% |
| Total | 3,364 | 5,761 | 7,245 | 9,202 | 39.9% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to Lithuania in 2022:
- China (4.8K units)
- Belgium (4.1K units)
- United Kingdom (4.0K units)
- United States (0.6K units)
- Netherlands (0.6K units)
- Germany (0.6K units)
- Hungary (0.4K units)
- Italy (0.4K units)
- Finland (0.4K units)
- Norway (0.4K units)
- United Arab Emirates (0.2K units)
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Lithuania
In 2022, overseas shipments of reciprocating or rotary internal combustion piston engineses were finally on the rise to reach 66K units for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of reciprocating or rotary internal combustion piston engineses skyrocketed to $9M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.4% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Reciprocating or Rotary Internal Combustion Piston Engines in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 905 | 773 | 856 | 2,322 | 36.9% |
| Kyrgyzstan | 304 | 274 | 315 | 1,565 | 72.7% |
| Turkey | N/A | 24.5 | 18.8 | 869 | 495.6% |
| Belarus | 2,437 | 2,261 | 1,627 | 570 | -38.4% |
| Tajikistan | 445 | 471 | 466 | 427 | -1.4% |
| Georgia | 2.3 | 0.8 | 0.7 | 256 | 381.0% |
| Uzbekistan | 14.1 | 5.3 | 11.0 | 225 | 151.8% |
| Russia | 785 | 665 | 772 | 134 | -44.5% |
| Others | 1,488 | 1,382 | 2,657 | 2,618 | 20.7% |
| Total | 6,380 | 5,857 | 6,724 | 8,985 | 12.1% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from Lithuania in 2022:
- Kazakhstan (27.0K units)
- Tajikistan (16.8K units)
- Kyrgyzstan (10.4K units)
- Belarus (2.7K units)
- Georgia (2.2K units)
- Turkey (1.7K units)
- Uzbekistan (1.6K units)
- Russia (0.6K units)
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