Seals; Mechanical Price in Lithuania - 2023

Contents:

1. Seals; Mechanical Price in Lithuania (CIF) - 2023
2. Seals; Mechanical Price in Lithuania (FOB) - 2022
3. Seals; Mechanical Imports in Lithuania
4. Seals; Mechanical Exports in Lithuania

Seals; Mechanical Price in Lithuania (CIF) - 2023

The average seals; mechanical import price stood at $5.9 per unit in September 2023, surging by 121% against the previous month. Overall, the import price posted a noticeable increase. The pace of growth appeared the most rapid in November 2022 an increase of 995% month-to-month. Over the period under review, average import prices attained the peak figure at $9.4 per unit in April 2023; however, from May 2023 to September 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Norway ($12.1 per unit), while the price for Belgium ($2.3 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Belgium (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Price in Lithuania (FOB) - 2022

In 2022, the average seals; mechanical export price amounted to $8.2 per unit, waning by -87.9% against the previous year. Over the period under review, the export price recorded a dramatic setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 42%. Over the period under review, the average export prices hit record highs at $121 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($94 per unit), while the average price for exports to Georgia ($3.1 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 Armenia (+173.6%), while the prices for the other major destinations experienced mixed trend patterns.

Seals; Mechanical Imports in Lithuania

In 2022, after three years of growth, there was significant decline in overseas purchases of seals; mechanicals, when their volume decreased by -12.7% to 117K units. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 125%. As a result, imports attained the peak of 134K units, and then contracted in the following year.

In value terms, seals; mechanical imports fell significantly to $2.8M in 2022. The total import value increased at an average annual rate of +4.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 27% against the previous year. As a result, imports attained the peak of $3.4M, and then shrank remarkably in the following year.

Top Suppliers of Seals; Mechanical to Lithuania in 2022:

1. Poland (54.3K units)
2. Germany (33.3K units)
3. Italy (7.3K units)
4. China (2.7K units)
5. Russia (2.7K units)
6. Finland (2.0K units)
7. United Kingdom (1.8K units)
8. Ireland (1.4K units)
9. Netherlands (0.5K units)

Seals; Mechanical Exports in Lithuania

For the fourth consecutive year, Lithuania recorded growth in shipments abroad of seals; mechanicals, which increased by 305% to 167K units in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, seals; mechanical exports fell dramatically to $1.4M in 2022. Overall, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by 26% against the previous year. Over the period under review, the exports hit record highs at $2.8M in 2021, and then fell markedly in the following year.

Top Export Markets for Seals; Mechanical from Lithuania in 2022:

1. Kazakhstan (69.7K units)
2. Kyrgyzstan (34.0K units)
3. Turkey (18.9K units)
4. Armenia (17.5K units)
5. South Korea (8.8K units)
6. Poland (4.9K units)
7. Georgia (2.9K units)
8. Latvia (2.9K units)
9. Russia (1.4K units)

Source: IndexBox Market Intelligence Platform