Lifts and skip hoists market in Lithuania

Earlier Report Observations

The market for lifts and skip hoists in Lithuania expanded to USD 23.7 million in 2019, building on developments from the previous year. In 2018, UAB 'Nirlita' became the official distributor of Snorkel lift parts in the country, strengthening the supply chain for maintenance and components. Additionally, the company 'Domus Lumina' received the 'Strongest in Lithuania 2018' certification, highlighting its reliability and contribution to product quality. These developments supported market growth, which then stabilized at USD 23.3 million in 2020.

From 2021 onward, the market experienced a downward trend, falling to USD 21.4 million in 2021 and then sharply to USD 17.5 million in 2022. A modest recovery to USD 18.0 million occurred in 2023, but the market contracted again to USD 15.3 million in 2024. During this period, several market developments were noted, such as the rapid growth of the student housing and co-living segment in 2022, which influenced demand patterns for lifts in new residential projects. The construction sector faced a significant shortage of skilled labor in 2023, affecting equipment utilization, while investments in electric charging infrastructure and enhanced AI regulation in 4 pointed to evolving technological demands for lift systems.

Production lifts and skip hoists in Lithuania

In value, 2018-2021, K $ US

Following two years of growth, Lithuania's production of lifts and skip hoists declined in value terms. In 2021, output was valued at 20 801 thousand US dollars, marking a significant decrease of 13.6% compared to 2020. Over the period from 2018 to 2021, production increased by 5.9%, with an average annual growth rate of 1.9%. The peak value was recorded in 2020 at 24 080 thousand US dollars, which also saw the largest annual increase of 15.2%.

Annual dynamics of production in Lithuania in value, 2018-2021, K $ US

In kind, 2018-2021, unit

After two years of expansion, Lithuania's production volume of lifts and skip hoists declined in physical terms. In 2021, 1 239 units were produced, representing a 6.8% decrease from the previous year. From 2018 to 2021, production grew by 8.6%, corresponding to an average annual rate of 2.8%. The highest output was achieved in 2020 with 1 330 units, while the largest annual increase occurred in 2019 at 9.8%.

Annual dynamics of production in Lithuania in kind, 2018-2021, unit

Exports lifts and skip hoists from Lithuania

Exports in kind, unit

Following two years of growth, Lithuania's exports of lifts and skip hoists declined in volume. In 2021, export volume totaled 874 units, a reduction of 23.6% compared to 2020. Over the 2018-2021 period, exports decreased by 2.5%, with an average annual decline of 0.8%. The peak volume was recorded in 2020 at 1 144 units, and the largest annual increase was in 2019 at 20.1%.

Annual dynamics of product's exports from Lithuania in kind, 2018-2021, unit

From 2018 to 2021, Russia, Germany, and France were the top destinations for Lithuania's exports of lifts and skip hoists in volume terms. Russia accounted for 27.4% of exports, Germany for 21.9%, and France for 10.3%. Together, these three countries represented 59.6% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Lithuania in kind, 2018-2021

Exports in value, K $ US

After two years of improvement, Lithuania's exports of lifts and skip hoists declined in value. In 2021, exports totaled 14 995 thousand US dollars, which is 18.3% lower than in 2020. Between 2018 and 2021, exports decreased by 3.5%, equating to an average annual decline of 1.2%. The highest value was recorded in 2020 at 18 363 thousand US dollars, and the largest annual increase occurred in 2019 at 8.8%.

Annual dynamics of product's exports from Lithuania in value, 2018-2021, K $ US

Throughout 2018-2021, Russia, Germany, and France remained the leading markets for Lithuania's exports of lifts and skip hoists in value terms. Russia contributed 27.3% of export value, Germany 21.9%, and France 10.3%. Collectively, these three countries accounted for 59.5% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Lithuania in value, 2018-2021

Imports lifts and skip hoists to Lithuania

Imports in kind, unit

Lithuania's imports of lifts and skip hoists declined in volume for the second consecutive year. In 2021, imports stood at 780 units, a significant reduction of 18.0% from 2020. Between 2018 and 2021, imports decreased by 7.3%, corresponding to an average annual decline of 2.5%. The peak volume was recorded in 2019 at 1 014 units, which also saw the largest annual increase of 20.6%.

Annual dynamics of product's imports to Lithuania in kind, 2018-2021, unit

From 2018 to 2021, Slovakia, Spain, and Sweden formed the core of Lithuania's imports of lifts and skip hoists in volume terms. Slovakia accounted for 31.9% of imports, Spain for 20.0%, and Sweden for 7.3%. Together, these three suppliers represented 59.3% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Lithuania in kind, 2018-2021

Imports in value, K $ US

Lithuania's imports of lifts and skip hoists declined in value for the second year in a row. In 2021, imports registered 15 586 thousand US dollars, down by 11.5% compared to 2020. Over the 2018-2021 period, imports decreased by 5.9%, with an average annual decline of 2.0%. The highest value was recorded in 2019 at 19 706 thousand US dollars, and the largest annual increase occurred in 2019 at 19.0%.

Annual dynamics of product's imports to Lithuania in value, 2018-2021, K $ US

Over 2018-2021, Slovakia, Spain, and Sweden led as the top suppliers of lifts and skip hoists to Lithuania in value terms. Slovakia accounted for 32.0% of import value, Spain for 20.1%, and Sweden for 7.3%. Their combined share reached 59.4% of total imports in value terms.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Lithuania in value, 2018-2021