Earlier Report Observations
The milling tools market in Lithuania expanded steadily from 2018 to 2021, with its value rising from 3.3 million USD to 4.6 million USD.
The market then contracted over the following two years, falling to 3.8 million USD in 2022 and 3.4 million USD in 2023. This decline was driven by supply chain disruptions and price pressures from the war in Ukraine in 2022, followed by an economic slowdown and high inflation that suppressed demand in 2023.
A sharp rebound occurred in 2024, with the market volume jumping to 5.6 million USD.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In value
- 4.1.1.1. Production, 2018-2024
- 4.1.1.2. Imports, 2018-2025
- 4.1.1.3. Exports, 2018-2025
- 4.1.1.4. Market size, 2018-2024
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4.1.1. In value
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Lithuania
- 5.1.1. In kind, 2018-2024, kg
- 5.1.2. In value, 2018-2024, K $ US
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5.2. Production in the EU, 2018-2024
- 5.2.1. In kind, 2018-2024, kg
- 5.2.2. In value, 2018-2024, K $ US
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5.1. Production in Lithuania
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, t
- 6.1.2.1. Annual dynamics of product's imports to Lithuania in kind, 2018-2025, t
- 6.1.2.2. Dynamics of product's imports in kind to Lithuania by countries, 2018-2025, t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Lithuania in value, 2018-2025, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Lithuania by countries, 2018-2025, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
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6.1.4. Average price of product's imports, $ US/kg
- 6.1.4.1. Annual dynamics of average price of product's imports to Lithuania, 2018-2025, $ US/kg
- 6.1.4.2. Dynamics of average price of product's imports to Lithuania by countries, 2018-2025, $ US/kg
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, t
- 6.2.2.1. Annual dynamics of product's imports to Lithuania in kind, 2018-2025, t
- 6.2.2.2. Dynamics of product's imports in kind to Lithuania by countries, 2018-2025, t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Lithuania in value, 2018-2025, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Lithuania by countries, 2018-2025, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
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6.2.4. Average price of product's imports, $ US/kg
- 6.2.4.1. Annual dynamics of average price of product's imports to Lithuania, 2018-2025, $ US/kg
- 6.2.4.2. Dynamics of average price of product's imports to Lithuania by countries, 2018-2025, $ US/kg
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, t
- 7.1.2.1. Annual dynamics of product's exports from Lithuania in kind, 2018-2025, t
- 7.1.2.2. Dynamics of product's exports in kind from Lithuania by countries, 2018-2025, t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
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7.1.3. Exports in value, K $ US
- 7.1.3.1. Annual dynamics of product's exports from Lithuania in value, 2018-2025, K $ US
- 7.1.3.2. Dynamics of product's exports in value from Lithuania by countries, 2018-2025, K $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
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7.1.4. Average price of product's exports, $ US/kg
- 7.1.4.1. Annual dynamics of average price of product's exports from Lithuania, 2018-2025, $ US/kg
- 7.1.4.2. Dynamics of average price of product's exports from Lithuania by countries, 2018-2025, $ US/kg
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, t
- 7.2.2.1. Annual dynamics of product's exports from Lithuania in kind, 2018-2025, t
- 7.2.2.2. Dynamics of product's exports in kind from Lithuania by countries, 2018-2025, t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
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7.2.3. Exports in value, K $ US
- 7.2.3.1. Annual dynamics of product's exports from Lithuania in value, 2018-2025, K $ US
- 7.2.3.2. Dynamics of product's exports in value from Lithuania by countries, 2018-2025, K $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
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7.2.4. Average price of product's exports, $ US/kg
- 7.2.4.1. Annual dynamics of average price of product's exports from Lithuania, 2018-2025, $ US/kg
- 7.2.4.2. Dynamics of average price of product's exports from Lithuania by countries, 2018-2025, $ US/kg
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2025
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production milling tools in Lithuania
In value, 2018-2021, K $ US
Lithuania's production of milling tools has grown for the third year in a row. In 2021, output reached 1 381 thousand US dollars, marking a 1.7% increase from the previous year. From 2018 to 2021, production rose by 27.7%, with an average annual growth rate of 8.5%.
Annual dynamics of production in Lithuania in value, 2018-2021, K $ US
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 21.9% | 3.0% | 1.7% | 8.5% |
In kind, 2018-2021, kg
In 2021, Lithuania produced 6 282 kilograms of milling tools, a significant 19.5% increase compared to the year before. Between 2018 and 2021, production grew by 34.2%, translating to an annualized rate of 10.3%. The largest decline occurred in 2020, at 6.4%, while the biggest increase was in 2019, at 20.0%.
Annual dynamics of production in Lithuania in kind, 2018-2021, kg
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 20.0% | (6.4%) | 19.5% | 10.3% |
Exports milling tools from Lithuania
Exports in kind, kg
In 2021, Lithuania's cross-border shipments of milling tools totaled 24 728 kilograms, showing a slight decrease of 0.9% from the previous year. From 2018 to 2021, exports fell by 13.7%, with an average annual decline of 4.8%. The lowest volume was recorded in 2019 at 24 131 kilograms, which also saw the largest drop of 15.8%. In contrast, the biggest increase happened in 2020, at 3.4%.
Annual dynamics of product's exports from Lithuania in kind, 2018-2021, kg
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (15.8%) | 3.4% | (0.9%) | (4.8%) |
Between 2018 and 2021, Russia, Belarus, and Germany were the top contributors to Lithuania's milling tool exports by volume. Russia accounted for 40.4% of exports, Belarus for 17.4%, and Germany for 11.0%. Together, these three countries made up 68.8% 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
In 2021, Lithuania's foreign supplies of milling tools amounted to 3 704 thousand US dollars, up 15.1% from the prior year. Over the period from 2018 to 2021, exports increased by 14.7%, with an average annual growth rate of 4.7%. The lowest value was in 2020 at 3 218 thousand US dollars, which also experienced the largest decline of 7.2%.
Annual dynamics of product's exports from Lithuania in value, 2018-2021, K $ US
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 7.4% | (7.2%) | 15.1% | 4.7% |
From 2018 to 2021, Russia, Belarus, and Latvia were the key destinations for Lithuania's milling tool exports by value. Russia led with 48.6% of exports, followed by Belarus at 20.3%, and Latvia at 9.1%. Combined, these three countries accounted for 78.0% 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 milling tools to Lithuania
Imports in kind, kg
Lithuania's imports of milling tools have risen for the third consecutive year. In 2021, imports reached 95 178 kilograms, a substantial 23.4% increase year-over-year. From 2018 to 2021, imports grew by 43.4%, with an average annual growth rate of 12.8%.
Annual dynamics of product's imports to Lithuania in kind, 2018-2021, kg
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 4.8% | 10.9% | 23.4% | 12.8% |
Between 2018 and 2021, Germany, Poland, and Estonia were the main suppliers of milling tools to Lithuania by volume. Germany contributed 54.7% of imports, Poland 10.9%, and Estonia 7.2%. Together, these three countries comprised 72.8% of total import volumes.
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 milling tools have increased for the third year in a row. In 2021, import volume stood at 6 918 thousand US dollars, which is 13.1% higher than the previous year. From 2018 to 2021, imports rose by 26.8%, with an average annual growth rate of 8.2%.
Annual dynamics of product's imports to Lithuania in value, 2018-2021, K $ US
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 6.4% | 5.4% | 13.1% | 8.2% |
In the period from 2018 to 2021, Germany, Poland, and Italy led the structure of Lithuania's milling tool imports by value. Germany accounted for 44.8% of imports, Poland for 9.2%, and Italy for 8.1%. Collectively, these three countries represented 62.1% of total import flows.
Structure of product's imports in value by countries, 2018-2021
World map of product's imports to Lithuania in value, 2018-2021
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