Price for Tractors; (Other than Tractors of Heading No 8709) in Lithuania - 2023
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in Lithuania (CIF) - 2022
- Price for Tractors; (Other than Tractors of Heading No 8709) in Lithuania (FOB) - 2023
- Imports of Tractors; (Other than Tractors of Heading No 8709) in Lithuania
- Exports of Tractors; (Other than Tractors of Heading No 8709) in Lithuania
Price for Tractors; (Other than Tractors of Heading No 8709) in Lithuania (CIF) - 2022
In 2022, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $41,729 per unit, reducing by -6.8% against the previous year. Over the period under review, the import price recorded a mild decline. The growth pace was the most rapid in 2021 an increase of 41%. The import price peaked at $49,498 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($75,835 per unit), while the price for Russia ($1,222 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tractors; (Other than Tractors of Heading No 8709) in Lithuania (FOB) - 2023
In November 2023, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $42,042 per unit, rising by 29% against the previous month. Over the period from December 2022 to November 2023, it increased at an average monthly rate of +1.3%. The export price peaked at $43,927 per unit in September 2023; afterwards, it flattened through to November 2023.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Turkey ($72,736 per unit), while the average price for exports to France ($4,989 per unit) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tractors; (Other than Tractors of Heading No 8709) in Lithuania
In 2022, imports of tractors; (other than tractors of heading no 8709)s into Lithuania expanded markedly to 24K units, picking up by 13% against 2021. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +16.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 63% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of tractors; (other than tractors of heading no 8709)s rose remarkably to $1B in 2022. Over the period under review, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 131% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Tractors; (Other than Tractors of Heading No 8709) in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 244 | 94.4 | 418 | 471 | 24.5% |
| Sweden | 67.8 | 41.2 | 68.8 | 118 | 20.3% |
| France | 26.3 | 36.0 | 61.4 | 68.6 | 37.7% |
| Netherlands | 110 | 50.0 | 130 | 62.7 | -17.1% |
| Poland | 24.4 | 29.2 | 43.0 | 51.8 | 28.5% |
| Belgium | 60.2 | 59.9 | 59.9 | 46.3 | -8.4% |
| Latvia | 4.5 | 7.4 | 24.1 | 27.0 | 81.7% |
| Austria | 14.2 | 21.9 | 32.3 | 26.8 | 23.6% |
| Belarus | 3.5 | 5.5 | 8.8 | 17.0 | 69.4% |
| Czech Republic | 3.1 | 3.9 | 3.8 | 11.5 | 54.8% |
| Japan | 6.6 | 7.0 | 9.4 | 9.8 | 14.1% |
| China | 2.9 | 2.6 | 7.7 | 9.0 | 45.9% |
| Estonia | 7.5 | 8.2 | 16.5 | 8.1 | 2.6% |
| Others | 30.6 | 47.0 | 72.0 | 77.1 | 36.1% |
| Total | 606 | 414 | 956 | 1,005 | 18.4% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Lithuania in 2022:
- Germany (7.2K units)
- Japan (3.4K units)
- Poland (2.4K units)
- Sweden (1.8K units)
- China (1.5K units)
- France (1.2K units)
- Netherlands (1.0K units)
- Belarus (0.9K units)
- Latvia (0.7K units)
- Belgium (0.6K units)
- Czech Republic (0.4K units)
- Estonia (0.3K units)
- Austria (0.3K units)
Exports of Tractors; (Other than Tractors of Heading No 8709) in Lithuania
In 2022, approx. 16K units of tractors; (other than tractors of heading no 8709)s were exported from Lithuania; rising by 20% on the previous year. Overall, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, exports of tractors; (other than tractors of heading no 8709)s soared to $497M in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 130% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Tractors; (Other than Tractors of Heading No 8709) in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 57.1 | 23.2 | 102 | 130 | 31.6% |
| Turkey | N/A | 1.3 | 41.2 | 70.3 | 635.4% |
| Germany | 3.8 | 6.3 | 24.5 | 48.4 | 133.5% |
| Latvia | 23.4 | 19.3 | 36.4 | 37.6 | 17.1% |
| Uzbekistan | 20.6 | 3.7 | 25.7 | 35.7 | 20.1% |
| Kazakhstan | 22.4 | 30.3 | 22.7 | 34.4 | 15.4% |
| Netherlands | 11.9 | 16.3 | 34.7 | 28.4 | 33.6% |
| Ukraine | 8.7 | 9.3 | 12.2 | 9.3 | 2.2% |
| Kyrgyzstan | 14.3 | 7.9 | 6.3 | 8.4 | -16.3% |
| Estonia | 14.0 | 4.5 | 8.9 | 7.2 | -19.9% |
| Azerbaijan | 1.1 | 1.2 | 1.7 | 5.2 | 67.8% |
| Tajikistan | 1.4 | 1.3 | 2.3 | 4.4 | 46.5% |
| France | 1.2 | 1.7 | 7.7 | 3.5 | 42.9% |
| Others | 53.4 | 53.9 | 89.1 | 74.0 | 11.5% |
| Total | 233 | 180 | 415 | 497 | 28.7% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Lithuania in 2022:
- Kazakhstan (3.2K units)
- Poland (2.8K units)
- Uzbekistan (1.5K units)
- Latvia (1.1K units)
- Turkey (0.9K units)
- Germany (0.9K units)
- Ukraine (0.7K units)
- Azerbaijan (0.6K units)
- Tajikistan (0.6K units)
- Netherlands (0.5K units)
- Kyrgyzstan (0.4K units)
- Estonia (0.4K units)
- France (0.3K units)
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