Price for Tools, Hand; Other than Household Tools in Lithuania - 2023
Contents:
- Price for Tools, Hand; Other than Household Tools in Lithuania (CIF) - 2022
- Price for Tools, Hand; Other than Household Tools in Lithuania (FOB) - 2023
- Imports of Tools, Hand; Other than Household Tools in Lithuania
- Exports of Tools, Hand; Other than Household Tools in Lithuania
Price for Tools, Hand; Other than Household Tools in Lithuania (CIF) - 2022
In 2022, the average import price for tools, hand; other than household toolses amounted to $10,477 per ton, rising by 7.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2020 an increase of 19% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($26,692 per ton), while the price for Latvia ($7,125 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in Lithuania (FOB) - 2023
In October 2023, the average export price for tools, hand; other than household toolses amounted to $15,383 per ton, waning by -21.1% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 148% m-o-m. As a result, the export price reached the peak level of $40,805 per ton. From May 2023 to October 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($91,213 per ton), while the average price for exports to Hong Kong SAR ($5,765 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools, Hand; Other than Household Tools in Lithuania
In 2022, imports of tools, hand; other than household toolses into Lithuania dropped to 1.1K tons, which is down by -12.5% against 2021 figures. Overall, imports showed a perceptible curtailment. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. As a result, imports attained the peak of 1.3K tons, and then shrank in the following year.
In value terms, imports of tools, hand; other than household toolses fell to $12M in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 13%. As a result, imports reached the peak of $12M, and then fell in the following year.
| Import of Tools, Hand; Other than Household Tools in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 2.0 | 2.4 | 2.8 | 2.9 | 13.2% |
| Germany | 1.9 | 2.8 | 2.2 | 2.1 | 3.4% |
| China | 1.7 | 1.8 | 1.8 | 1.9 | 3.8% |
| Estonia | 0.5 | 0.6 | 1.6 | 1.2 | 33.9% |
| Latvia | 0.4 | 0.5 | 0.8 | 0.9 | 31.0% |
| Italy | 0.3 | 0.5 | 0.4 | 0.6 | 26.0% |
| Taiwan (Chinese) | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Others | 3.3 | 2.1 | 2.4 | 1.8 | -18.3% |
| Total | 10.4 | 10.9 | 12.3 | 11.6 | 3.7% |
Top Suppliers of Tools, Hand; Other than Household Tools to Lithuania in 2022:
- Poland (358.9 tons)
- China (262.2 tons)
- Germany (170.5 tons)
- Latvia (130.9 tons)
- Estonia (84.9 tons)
- Italy (21.5 tons)
- Taiwan (Chinese) (17.3 tons)
Exports of Tools, Hand; Other than Household Tools in Lithuania
In 2022, approx. 292 tons of tools, hand; other than household toolses were exported from Lithuania; which is down by -21.5% on the year before. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 30%. As a result, the exports reached the peak of 372 tons, and then dropped remarkably in the following year.
In value terms, exports of tools, hand; other than household toolses dropped remarkably to $4M in 2022. Overall, exports recorded a deep reduction. The growth pace was the most rapid in 2021 with an increase of 24%. As a result, the exports reached the peak of $4.9M, and then contracted significantly in the following year.
| Export of Tools, Hand; Other than Household Tools in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 550 | 624 | 798 | 839 | 15.1% |
| Russia | 2,583 | 1,772 | 2,035 | 820 | -31.8% |
| Kazakhstan | 41.4 | 46.1 | 26.1 | 288 | 90.9% |
| Estonia | 263 | 228 | 286 | 244 | -2.5% |
| Germany | 147 | 84.9 | 434 | 203 | 11.4% |
| Belarus | 315 | 601 | 386 | 184 | -16.4% |
| Poland | 67.3 | 101 | 206 | 182 | 39.3% |
| Czech Republic | 2.1 | 0.8 | 56.7 | 110 | 274.2% |
| Kyrgyzstan | 0.1 | 0.3 | 2.0 | 64.0 | 761.8% |
| Denmark | 9.6 | 7.4 | 35.4 | 52.2 | 75.8% |
| Belgium | 13.2 | 15.0 | 18.8 | 37.0 | 41.0% |
| Others | 694 | 442 | 602 | 932 | 10.3% |
| Total | 4,685 | 3,923 | 4,884 | 3,955 | -5.5% |
Top Export Markets for Tools, Hand; Other than Household Tools from Lithuania in 2022:
- Latvia (102.8 tons)
- Russia (29.3 tons)
- Estonia (24.5 tons)
- Kazakhstan (22.4 tons)
- Germany (19.6 tons)
- Poland (17.3 tons)
- Belarus (17.2 tons)
- Czech Republic (12.4 tons)
- Denmark (5.2 tons)
- Kyrgyzstan (4.5 tons)
- Belgium (4.5 tons)
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