Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Lithuania - 2023

Contents:

  1. Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Lithuania (CIF) - 2022
  2. Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Lithuania (FOB) - 2022
  3. Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Lithuania
  4. Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Lithuania

Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Lithuania (CIF) - 2022

In 2022, the average import price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) amounted to $107 per unit, which is down by -8.8% against the previous year. Over the period under review, the import price recorded a abrupt downturn. The import price peaked at $152 per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 Denmark ($499 per unit), while the price for China ($50 per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Lithuania (FOB) - 2022

The average export price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) stood at $329 per unit in 2022, dropping by -28.3% against the previous year. Over the period under review, the export price, however, saw noticeable growth. The pace of growth was the most pronounced in 2021 an increase of 52%. As a result, the export price attained the peak level of $459 per unit, and then fell markedly in the following year.

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 Kyrgyzstan ($990 per unit), while the average price for exports to Poland ($156 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 (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Lithuania

In 2022, after three years of growth, there was significant decline in supplies from abroad of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion), when their volume decreased by -20% to 21K units. Overall, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 107% against the previous year. As a result, imports attained the peak of 27K units, and then shrank rapidly in the following year.

In value terms, imports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) dropped remarkably to $2.3M in 2022. Over the period under review, total imports indicated a noticeable increase from 2019 to 2022: its value increased at an average annual rate of +2.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +16.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 59%. As a result, imports attained the peak of $3.1M, and then fell dramatically in the following year.

Import of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Lithuania (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
Poland28863254637.7%
Germany21483741038.4%
Denmark225307210-3.4%
China10718918631.8%
Ireland150243145-1.7%
Estonia86.210113123.3%
Taiwan (Chinese)13257.9105-10.8%
Latvia14315198.9-16.8%
Italy70.044.442.2-22.4%
Others561585423-13.2%
Total1,9763,1462,2977.8%

Top Suppliers of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) to Lithuania in 2022:

  1. Poland (9.6K units)
  2. Germany (4.3K units)
  3. China (3.7K units)
  4. Taiwan (Chinese) (0.7K units)
  5. Estonia (0.6K units)
  6. Latvia (0.5K units)
  7. Denmark (0.4K units)
  8. Ireland (0.4K units)
  9. Italy (0.3K units)

Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Lithuania

In 2022, approx. 2.2K units of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) were exported from Lithuania; dropping by -18% on 2021 figures. In general, exports showed a precipitous decrease. The smallest decline of -7.2% was in 2020. The exports peaked at 4.4K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) contracted markedly to $739K in 2022. Overall, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 3.3% against the previous year. Over the period under review, the exports of tools; for working in hand, pneumatic, rotary type (including combined rotary-percussion) attained the maximum at $1.3M in 2021, and then reduced dramatically in the following year.

Export of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia427598536237-17.8%
Latvia69.068.412518639.2%
Belarus25221432449.0-42.1%
KyrgyzstanN/AN/AN/A35.60%
Estonia20.315.125.231.315.5%
Kazakhstan17438.913524.1-48.3%
Sweden1.55.25.319.1133.5%
Germany0.583.89.214.8209.3%
France6.465.55.111.722.3%
Poland17.013.217.610.1-15.9%
Denmark17943.23.21.8-78.4%
United Kingdom1.834.47.20.1-61.8%
Uzbekistan14.523.60.1N/A-91.7%
Others32.130.963.711954.8%
Total1,1951,2351,257739-14.8%

Top Export Markets for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) from Lithuania in 2022:

  1. Latvia (1035.0 units)
  2. Russia (313.0 units)
  3. Estonia (169.0 units)
  4. Belarus (132.0 units)
  5. Kazakhstan (110.0 units)
  6. Sweden (72.0 units)
  7. Poland (65.0 units)
  8. Kyrgyzstan (36.0 units)
  9. Germany (25.0 units)
  10. France (17.0 units)
  11. Denmark (7.0 units)
  12. United Kingdom (1.0 units)

Source: IndexBox Market Intelligence Platform

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