Lithuania: Stone Sawing Machine Market 2024

Stone Sawing Machine Market Size in Lithuania

After two years of decline, the Lithuanian stone sawing machine market increased by X% to $X in 2022. Over the period under review, consumption, however, continues to indicate a deep contraction. Stone sawing machine consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Stone Sawing Machine Production in Lithuania

In value terms, stone sawing machine production surged to $X in 2022 estimated in export price. In general, production, however, recorded a deep reduction. The growth pace was the most rapid in 2020 with an increase of X%. Stone sawing machine production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Stone Sawing Machine Exports

Exports from Lithuania

In 2022, exports of sawing machines for working stone, ceramics and concrete from Lithuania soared to X units, jumping by X% compared with 2021. Overall, exports saw a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, stone sawing machine exports surged to $X in 2022. In general, exports showed resilient growth. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belarus (X units), Estonia (X units) and Russia (X units) were the main destinations of stone sawing machine exports from Lithuania, with a combined X% share of total exports. Sweden, Kazakhstan, Latvia and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for sawing machines for working stone, ceramics and concrete exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with an X% share of total exports. It was followed by Belarus, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2022, the average stone sawing machine export price amounted to $X per unit, picking up by X% against the previous year. Overall, the export price posted mild growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Estonia ($X 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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Sawing Machine Imports

Imports into Lithuania

After two years of decline, supplies from abroad of sawing machines for working stone, ceramics and concrete increased by X% to X units in 2022. In general, imports continue to indicate modest growth. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, stone sawing machine imports surged to $X in 2022. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X units), Italy (X units) and Poland (X units) were the main suppliers of stone sawing machine imports to Lithuania, with a combined X% share of total imports. Austria, Spain, Latvia, Belgium, Germany and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of sawing machines for working stone, ceramics and concrete to Lithuania, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average stone sawing machine import price amounted to $X per unit, rising by X% against the previous year. Overall, the import price continues to indicate significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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