Lithuania - Sparking Plugs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpark Plug Price in Lithuania - 2023
Contents:
- Spark Plug Price in Lithuania (CIF) - 2023
- Spark Plug Price in Lithuania (FOB) - 2022
- Spark Plug Imports in Lithuania
- Spark Plug Exports in Lithuania
Spark Plug Price in Lithuania (CIF) - 2023
In November 2023, the average spark plug import price amounted to $10.9 per unit, falling by -12.3% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 91% month-to-month. The import price peaked at $15.3 per unit in July 2023; however, from August 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Estonia ($37.3 per unit), while the price for Belgium ($1.7 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Spark Plug Price in Lithuania (FOB) - 2022
The average spark plug export price stood at $8.9 per unit in 2022, growing by 35% against the previous year. Overall, the export price showed a significant expansion. The pace of growth appeared the most rapid in 2020 an increase of 201%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($16 per unit), while the average price for exports to Uzbekistan ($2.5 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 Kazakhstan (+33.2%), while the prices for the other major destinations experienced more modest paces of growth.
Spark Plug Imports in Lithuania
In 2022, spark plug imports into Lithuania contracted to 731K units, with a decrease of -3.1% against the previous year. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. Imports peaked at 999K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, spark plug imports surged to $5.8M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.0% 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 +90.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 45% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
Import of Spark Plug in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 661 | 750 | 1,156 | 1,214 | 22.5% |
Austria | 199 | 253 | 230 | 1,208 | 82.4% |
Germany | 509 | 599 | 828 | 882 | 20.1% |
Finland | 242 | 240 | 367 | 688 | 41.7% |
United States | 334 | 139 | 160 | 388 | 5.1% |
Czech Republic | 33.4 | 56.6 | 482 | 239 | 92.7% |
Estonia | 115 | 103 | 162 | 209 | 22.0% |
Latvia | 217 | 180 | 158 | 208 | -1.4% |
Belgium | 158 | 70.6 | 73.4 | 66.1 | -25.2% |
France | 756 | 167 | 16.1 | 61.8 | -56.6% |
Others | 571 | 474 | 757 | 599 | 1.6% |
Total | 3,794 | 3,032 | 4,391 | 5,763 | 15.0% |
Top Suppliers of Spark Plug to Lithuania in 2022:
- Poland (141.8K units)
- Germany (114.2K units)
- Czech Republic (97.3K units)
- Austria (75.2K units)
- United States (74.3K units)
- Finland (58.4K units)
- Latvia (41.1K units)
- Belgium (37.3K units)
- Estonia (16.4K units)
- France (9.6K units)
Spark Plug Exports in Lithuania
In 2022, approx. 503K units of sparking plugs were exported from Lithuania; rising by 27% against the previous year's figure. Overall, exports, however, recorded a precipitous setback. Over the period under review, the exports reached the maximum at 1.1M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, spark plug exports skyrocketed to $4.5M in 2022. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Spark Plug in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Kazakhstan | 2.6 | 14.3 | 60.4 | 1,195 | 671.7% |
Latvia | 380 | 398 | 445 | 735 | 24.6% |
Russia | 442 | 375 | 978 | 328 | -9.5% |
Kyrgyzstan | N/A | N/A | N/A | 308 | 0% |
Estonia | 168 | 206 | 291 | 303 | 21.7% |
United Arab Emirates | 10.8 | 1.1 | 26.7 | 260 | 188.7% |
Germany | 135 | 200 | 234 | 254 | 23.5% |
Turkey | 6.0 | 6.3 | 37.8 | 128 | 177.3% |
Uzbekistan | 2.9 | 21.0 | 6.7 | 85.7 | 209.2% |
Georgia | N/A | N/A | 3.7 | 66.0 | 1683.8% |
United States | 175 | 16.7 | 16.6 | 60.4 | -29.9% |
Belarus | 205 | 212 | 122 | 24.7 | -50.6% |
Ukraine | 72.8 | 3.0 | 4.4 | 4.6 | -60.2% |
Others | 231 | 362 | 365 | 714 | 45.7% |
Total | 1,831 | 1,814 | 2,592 | 4,465 | 34.6% |
Top Export Markets for Spark Plug from Lithuania in 2022:
- Kazakhstan (76.3K units)
- Latvia (56.9K units)
- Russia (51.0K units)
- Kyrgyzstan (50.5K units)
- United Arab Emirates (47.8K units)
- Germany (41.9K units)
- Uzbekistan (34.2K units)
- Turkey (32.5K units)
- Georgia (25.7K units)
- Estonia (23.7K units)
- United States (4.4K units)
- Belarus (2.0K units)
- Ukraine (1.2K units)
This report provides an in-depth analysis of the spark plug market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29312130 - Sparking plugs
Country coverage:
- Lithuania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Lithuania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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