Pumps; Parts Thereof Price in Lithuania - 2023

Contents:

1. Pumps; Parts Thereof Price in Lithuania (CIF) - 2022
2. Pumps; Parts Thereof Price in Lithuania (FOB) - 2022
3. Pumps; Parts Thereof Imports in Lithuania
4. Pumps; Parts Thereof Exports in Lithuania

Pumps; Parts Thereof Price in Lithuania (CIF) - 2022

The average pumps; parts thereof import price stood at $24,210 per ton in 2022, shrinking by -37.2% against the previous year. Over the period under review, the import price recorded a deep downturn. The pace of growth appeared the most rapid in 2019 when the average import price increased by 24%. The import price peaked at $47,452 per ton in 2012; however, from 2013 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 the Netherlands ($57,152 per ton), while the price for Sweden ($9,815 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+14.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Pumps; Parts Thereof Price in Lithuania (FOB) - 2022

In 2022, the average pumps; parts thereof export price amounted to $45,719 per ton, increasing by 22% against the previous year. In general, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pumps; parts thereof export price decreased by -10.1% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 23%. Over the period under review, the average export prices attained the maximum at $50,864 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($158,598 per ton), while the average price for exports to Sweden ($20,704 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 Russia (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Pumps; Parts Thereof Imports in Lithuania

In 2022, approx. 463 tons of pumps; parts thereoves were imported into Lithuania; with an increase of 20% against the previous year's figure. The total import volume increased at an average annual rate of +4.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pumps; parts thereof imports dropped significantly to $11M in 2022. Overall, imports, however, showed a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 0.5%.

Top Suppliers of Pumps; Parts Thereof to Lithuania in 2022:

1. Sweden (135.6 tons)
2. Germany (106.9 tons)
3. Italy (55.6 tons)
4. Poland (32.1 tons)
5. France (23.7 tons)
6. Denmark (22.9 tons)
7. Latvia (15.0 tons)
8. China (11.3 tons)
9. Netherlands (8.5 tons)
10. Bulgaria (7.6 tons)
11. Czech Republic (5.6 tons)
12. Austria (2.0 tons)
13. United Kingdom (1.8 tons)

Pumps; Parts Thereof Exports in Lithuania

In 2022, approx. 187 tons of pumps; parts thereoves were exported from Lithuania; with a decrease of -51.6% against 2021. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 59%. As a result, the exports reached the peak of 386 tons, and then dropped dramatically in the following year.

In value terms, pumps; parts thereof exports contracted markedly to $8.6M in 2022. Overall, exports showed a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year.

Top Export Markets for Pumps; Parts Thereof from Lithuania in 2022:

1. Sweden (81.5 tons)
2. Kazakhstan (20.9 tons)
3. Russia (15.6 tons)
4. Latvia (10.5 tons)
5. Kyrgyzstan (7.1 tons)
6. Estonia (6.0 tons)
7. Netherlands (5.8 tons)
8. New Zealand (4.6 tons)
9. Italy (4.1 tons)
10. Armenia (3.5 tons)
11. Uzbekistan (3.2 tons)
12. Belarus (1.1 tons)

Source: IndexBox Market Intelligence Platform