Report Update: May 1, 2024

Lithuania - Machinery For Packing Or Wrapping - Market Analysis, Forecast, Size, Trends And Insights

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Machinery for Packing Price in Lithuania - 2023

Machinery for Packing Price in Lithuania (CIF) - 2023

The average machinery for packing import price stood at $2,704 per unit in September 2023, growing by 94% against the previous month. Overall, the import price posted buoyant growth. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 175% m-o-m. The import price peaked in September 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Ireland ($18,456 per unit), while the price for San Marino ($309 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Ireland (+86.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Machinery for Packing Price in Lithuania (FOB) - 2022

The average machinery for packing export price stood at $977 per unit in 2022, with an increase of 4.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2014 an increase of 30%. The export price peaked at $1,095 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($1,968 per unit), while the average price for exports to Germany ($336 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 Switzerland (+81.4%), while the prices for the other major destinations experienced more modest paces of growth.

Machinery for Packing Imports in Lithuania

In 2022, purchases abroad of machinery for packing or wrapping decreased by -30% to 25K units, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 7.1%. As a result, imports attained the peak of 40K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, machinery for packing imports shrank sharply to $19M in 2022. In general, imports saw a dramatic decrease. The pace of growth was the most pronounced in 2020 with an increase of 11% against the previous year. As a result, imports attained the peak of $43M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Machinery for Packing in Lithuania (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	12.4	12.7	10.9	5.6	-23.3%
Germany	6.9	12.8	4.1	5.2	-9.0%
Netherlands	1.0	1.5	2.3	2.1	28.1%
Poland	2.6	0.7	1.2	1.0	-27.3%
Finland	0.7	0.7	0.2	0.9	8.7%
Spain	2.7	1.9	2.1	0.8	-33.3%
China	0.5	0.4	1.3	0.5	0.0%
Denmark	0.2	0.6	5.4	0.4	26.0%
San Marino	N/A	0.1	0.3	0.2	41.4%
Slovenia	0.1	0.3	0.3	0.2	26.0%
Latvia	0.2	0.1	0.3	0.2	0.0%
Ireland	0.1	0.9	0.1	0.2	26.0%
Ukraine	N/A	4.3	N/A	0.1	-84.8%
Others	11.2	5.9	4.4	1.4	-50.0%
Total	38.5	42.7	32.8	18.7	-21.4%

Top Suppliers of Machinery for Packing to Lithuania in 2022:

Italy (10.4K units)
Germany (3.3K units)
Netherlands (2.4K units)
Finland (1.7K units)
Ireland (1.4K units)
China (1.0K units)
Poland (0.6K units)
San Marino (0.6K units)
Latvia (0.5K units)
Spain (0.5K units)
Denmark (0.4K units)
Slovenia (0.4K units)
Ukraine (0.1K units)

Machinery for Packing Exports in Lithuania

In 2022, shipments abroad of machinery for packing or wrapping decreased by -47.5% to 17K units, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 6.4% against the previous year. As a result, the exports reached the peak of 34K units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, machinery for packing exports shrank sharply to $16M in 2022. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 14%. As a result, the exports reached the peak of $35M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Machinery for Packing in Lithuania (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	22.8	26.3	21.0	8.1	-29.2%
Uzbekistan	0.2	0.8	0.6	1.3	86.6%
Kazakhstan	N/A	0.1	0.7	0.9	200.0%
Switzerland	0.1	0.1	0.2	0.6	81.7%
Ukraine	2.0	1.9	1.3	0.3	-46.9%
Estonia	N/A	0.3	0.3	0.3	0.0%
India	0.5	0.1	0.2	0.3	-15.7%
Latvia	0.8	0.4	0.3	0.3	-27.9%
Germany	N/A	0.1	0.5	0.3	73.2%
Belarus	1.3	1.8	1.0	0.2	-46.4%
Others	3.1	3.4	3.4	3.6	5.1%
Total	31.0	35.3	29.5	16.2	-19.5%

Top Export Markets for Machinery for Packing from Lithuania in 2022:

Russia (8.5K units)
Kazakhstan (1.4K units)
Germany (0.9K units)
Uzbekistan (0.6K units)
Latvia (0.6K units)
Belarus (0.4K units)
Estonia (0.4K units)
India (0.4K units)
Switzerland (0.4K units)
Ukraine (0.2K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the machinery for packing 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 28292180 - Machinery for packing or wrapping (excluding for filling, c losing, sealing, capsuling or labelling bottles, cans, boxes, b ags or other containers)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023