Report Update: May 1, 2024

Lithuania - Winches And Capstans - Market Analysis, Forecast, Size, Trends And Insights

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Winch and Capstan Price in Lithuania - 2023

Winch and Capstan Price in Lithuania (FOB) - 2023

In September 2023, the average winch and capstan export price amounted to $963 per unit, falling by -3.7% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in July 2023 an increase of 393% m-o-m. As a result, the export price attained the peak level of $4,182 per unit. From August 2023 to September 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Canada ($991 per unit), while the average price for exports to Latvia ($640 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Winch and Capstan Price in Lithuania (CIF) - 2023

In September 2023, the average winch and capstan import price amounted to $874 per unit, jumping by 19% against the previous month. In general, the import price, however, continues to indicate a pronounced descent. The growth pace was the most rapid in December 2022 when the average import price increased by 224% m-o-m. Over the period under review, average import prices reached the peak figure at $4,493 per unit in January 2023; however, from February 2023 to September 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($3,926 per unit), while the price for Latvia ($183 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 Spain (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Winch and Capstan Exports in Lithuania

In 2022, overseas shipments of winches and capstans decreased by -6.9% to 3K units, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +9.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 49% against the previous year. As a result, the exports attained the peak of 3.3K units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, winch and capstan exports reduced to $3.5M in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 17%. Over the period under review, the exports reached the maximum at $4M in 2021, and then fell in the following year.

Export of Winch and Capstan in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	1,621	1,987	1,368	1,067	-13.0%
Canada	223	271	858	827	54.8%
United States	151	254	435	480	47.0%
Belarus	368	471	585	365	-0.3%
Iceland	332	0.1	0.2	200	-15.5%
Kazakhstan	105	38.9	7.2	99.9	-1.6%
Kyrgyzstan	0.7	N/A	N/A	90.0	404.7%
Latvia	42.7	51.2	81.5	73.2	19.7%
Norway	42.4	92.0	75.4	45.3	2.2%
Estonia	12.6	19.2	22.6	22.4	21.1%
Others	350	608	536	199	-17.2%
Total	3,247	3,791	3,970	3,469	2.2%

Top Export Markets for Winch and Capstan from Lithuania in 2022:

Russia (839.0 units)
Latvia (637.0 units)
United States (320.0 units)
Canada (316.0 units)
Estonia (223.0 units)
Belarus (132.0 units)
Norway (106.0 units)
Iceland (78.0 units)
Kyrgyzstan (74.0 units)
Kazakhstan (60.0 units)

Winch and Capstan Imports in Lithuania

For the third consecutive year, Lithuania recorded decline in supplies from abroad of winches and capstans, which decreased by -31.4% to 2.7K units in 2022. Over the period under review, imports faced a abrupt downturn. The smallest decline of -0.1% was in 2021. Over the period under review, imports reached the maximum at 4.8K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, winch and capstan imports surged to $2.9M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Winch and Capstan in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Norway	168	12.4	3.7	705	61.3%
Italy	254	739	304	582	31.8%
China	267	319	380	463	20.1%
Netherlands	20.8	153	258	459	180.5%
Germany	153	150	126	233	15.1%
Spain	260	260	441	232	-3.7%
Estonia	71.8	1.3	34.5	36.3	-20.3%
Latvia	44.5	97.4	21.4	32.6	-9.9%
Poland	30.2	36.8	73.5	22.9	-8.8%
France	287	208	85.2	4.6	-74.8%
Austria	21.0	5.2	20.8	1.5	-58.5%
Others	330	679	204	177	-18.8%
Total	1,908	2,662	1,953	2,948	15.6%

Top Suppliers of Winch and Capstan to Lithuania in 2022:

China (1220.0 units)
Poland (657.0 units)
Netherlands (186.0 units)
Norway (152.0 units)
Estonia (148.0 units)
Italy (85.0 units)
Latvia (50.0 units)
Germany (29.0 units)
Spain (25.0 units)
Austria (5.0 units)
France (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the winche and capstan 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 28221200 - Winches and capstans (excluding those for raising vehicles)

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