Lithuania: Market for Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes 2024

Market Size for Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes in Lithuania

After two years of growth, the Lithuanian market for buckets, shovels, grabs and grips for ships derricks and cranes decreased by X% to $X in 2023. In general, consumption, however, saw noticeable growth. Ship derrick buckets and shovels consumption peaked at $X in 2022, and then declined sharply in the following year.

Production of Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes in Lithuania

In value terms, ship derrick buckets and shovels production rose notably to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a remarkable increase. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes

Exports from Lithuania

In 2023, ship derrick buckets and shovels exports from Lithuania soared to X units, picking up by X% compared with 2022. In general, exports enjoyed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ship derrick buckets and shovels exports skyrocketed to $X in 2023. Over the period under review, exports posted a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X units) was the main destination for ship derrick buckets and shovels exports from Lithuania, accounting for a X% share of total exports. Moreover, ship derrick buckets and shovels exports to Sweden exceeded the volume sent to the second major destination, Finland (X units), fourfold. The third position in this ranking was taken by the United States (X units), with an X% share.

From 2012 to 2023, the average annual growth rate of volume to Sweden amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and the United States (X% per year).

In value terms, Sweden ($X) emerged as the key foreign market for buckets, shovels, grabs and grips for ships derricks and cranes exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Finland, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Finland (X% per year).

Export Prices by Country

The average export price for buckets, shovels, grabs and grips for ships derricks and cranes stood at $X per unit in 2023, declining by X% against the previous year. Over the period under review, the export price showed a perceptible shrinkage. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2023, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Kazakhstan ($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 Norway (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes

Imports into Lithuania

In 2023, purchases abroad of buckets, shovels, grabs and grips for ships derricks and cranes decreased by X% to X units, falling for the second consecutive year after two years of growth. Overall, imports, however, recorded perceptible growth. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

In value terms, ship derrick buckets and shovels imports rose to $X in 2023. In general, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Poland (X units), the UK (X units) and the Netherlands (X units) were the main suppliers of ship derrick buckets and shovels 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 the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ship derrick buckets and shovels suppliers to Lithuania were Germany ($X), the Netherlands ($X) and Poland ($X), with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for buckets, shovels, grabs and grips for ships derricks and cranes amounted to $X per unit, surging by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2022 to 2023, the average import prices remained at a lower figure.

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 Germany ($X per unit), while the price for Norway ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform