Latvia: Pacemaker Market 2020

Pacemaker Market Size in Latvia

The revenue of the pacemaker market in Latvia amounted to $X in 2018, waning by -X% against the previous year. In general, pacemaker consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, the pacemaker market attained its maximum level at $X in 2012; however, from 2013 to 2018, consumption remained at a lower figure.

Pacemaker Production in Latvia

In value terms, pacemaker production amounted to $X in 2018 estimated in export prices. Over the period under review, pacemaker production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when production volume increased by X% year-to-year. Over the period under review, pacemaker production attained its peak figure level at $X in 2010; however, from 2011 to 2018, production remained at a lower figure.

Pacemaker Exports

Exports from Latvia

Pacemaker exports from Latvia totaled X units in 2018, increasing by X% against the previous year. In general, pacemaker exports continue to indicate an extraordinary increase. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, pacemaker exports reached their peak figure in 2018 and are likely to continue its growth in the near future.

In value terms, pacemaker exports stood at $X in 2018. Over the period under review, pacemaker exports continue to indicate an outstanding increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, pacemaker exports attained their maximum in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

The exports of the eleven major exporters of pacemakers for stimulating heart muscles (excl. parts and accessories), namely Ireland, Germany, the U.S., Malaysia, Belgium, Switzerland, Sweden, the Netherlands, France, Singapore and Italy, represented more than two-thirds of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Belgium, while the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), Germany ($X) and Belgium ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports.

In terms of the main exporting countries, Belgium recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The pacemaker export price in Latvia stood at $X per unit in 2018, growing by X% against the previous year. In general, the pacemaker export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the export price increased by X% year-to-year. In that year, the export prices for pacemakers for stimulating heart muscles (excl. parts and accessories) attained their peak level of $X per unit. From 2014 to 2018, the growth in terms of the export prices for pacemakers for stimulating heart muscles (excl. parts and accessories) failed to regain its momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was France ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Singapore, while the other leaders experienced more modest paces of growth.

Pacemaker Imports

Imports into Latvia

In 2018, the imports of pacemakers for stimulating heart muscles (excl. parts and accessories) into Latvia stood at X units, rising by X% against the previous year. Over the period under review, pacemaker imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. Over the period under review, pacemaker imports reached their peak figure in 2018 and are expected to retain its growth in the near future.

In value terms, pacemaker imports totaled $X in 2018. In general, pacemaker imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2012 when imports increased by X% y-o-y. Over the period under review, pacemaker imports reached their maximum at $X in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

Imports by Country

The imports of the six major importers of pacemakers for stimulating heart muscles (excl. parts and accessories), namely France, the U.S., Germany, Japan, the Netherlands and Sweden, represented more than half of total import. Australia (X units), Spain (X units), Italy (X units), China (X units), the UK (X units) and India (X units) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Latvia, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), France ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by the Netherlands, Japan, Italy, the UK, China, Spain, Australia, India, Sweden and Latvia, which together accounted for a further X experienced the highest growth rate of imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the pacemaker import price in Latvia amounted to $X per unit, shrinking by -X% against the previous year. Over the period under review, the pacemaker import price continues to indicate a drastic decline. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. Over the period under review, the import prices for pacemakers for stimulating heart muscles (excl. parts and accessories) reached their maximum at $X per unit in 2008; however, from 2009 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Italy ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform