Lithuania: Vehicle-Mounted Lifting Equipment Market 2024

Vehicle-Mounted Lifting Equipment Market Size in Lithuania

The Lithuanian vehicle-mounted lifting equipment market soared to $X in 2023, surging by X% against the previous year. Overall, consumption, however, recorded resilient growth. Over the period under review, the market attained the maximum level in 2023 and is expected to retain growth in the immediate term.

Vehicle-Mounted Lifting Equipment Production in Lithuania

In value terms, vehicle-mounted lifting equipment production declined to $X in 2023 estimated in export price. In general, production showed a notable increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Vehicle-Mounted Lifting Equipment Exports

Exports from Lithuania

In 2023, approx. X units of lifting equipment designed for mounting on road vehicles were exported from Lithuania; declining by X% against the previous year's figure. Overall, exports showed a drastic downturn. The growth pace was the most rapid in 2018 when exports increased by X%. The exports peaked at X units in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, vehicle-mounted lifting equipment exports shrank sharply to $X in 2023. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X units) was the main destination for vehicle-mounted lifting equipment exports from Lithuania, with a X% share of total exports. Moreover, vehicle-mounted lifting equipment exports to Kazakhstan exceeded the volume sent to the second major destination, Poland (X units), ninefold. Kyrgyzstan (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Kazakhstan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Kyrgyzstan (X% per year).

In value terms, Kazakhstan ($X) emerged as the key foreign market for lifting equipment designed for mounting on road vehicles exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Kazakhstan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (X% per year) and Poland (X% per year).

Export Prices by Country

In 2023, the average vehicle-mounted lifting equipment export price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price saw a abrupt contraction. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per unit), while the average price for exports to Azerbaijan ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vehicle-Mounted Lifting Equipment Imports

Imports into Lithuania

In 2023, imports of lifting equipment designed for mounting on road vehicles into Lithuania dropped to X units, waning by X% compared with the previous year. Overall, imports, however, showed noticeable growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at X units in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, vehicle-mounted lifting equipment imports soared to $X in 2023. In general, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

Austria (X units), Poland (X units) and Latvia (X units) were the main suppliers of vehicle-mounted lifting equipment imports to Lithuania, together accounting for X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) constituted the largest supplier of lifting equipment designed for mounting on road vehicles to Lithuania, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by Finland, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Austria totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Finland (X% per year).

Import Prices by Country

The average vehicle-mounted lifting equipment import price stood at $X per unit in 2023, with an increase of X% against the previous year. Over the period under review, the import price showed resilient growth. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Slovenia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform