Lithuania: Diagnostic Equipment Market 2020

Diagnostic Equipment Market Size in Lithuania

The revenue of the diagnostic equipment market in Lithuania amounted to $X in 2018, remaining relatively unchanged against the previous year. Overall, diagnostic equipment consumption, however, continues to indicate a resilient increase. The growth pace was the most rapid in 2011 when the market value increased by X% year-to-year. Lithuania diagnostic equipment consumption peaked at $X in 2015; however, from 2016 to 2018, consumption remained at a lower figure.

Diagnostic Equipment Production in Lithuania

In value terms, diagnostic equipment production amounted to $X in 2018 estimated in export prices. Overall, diagnostic equipment production continues to indicate an abrupt setback. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. In that year, diagnostic equipment production reached its peak level of $X. From 2009 to 2018, diagnostic equipment production growth remained at a somewhat lower figure.

Diagnostic Equipment Exports

Exports from Lithuania

In 2018, the amount of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus exported from Lithuania stood at X tons, rising by X% against the previous year. Over the period under review, diagnostic equipment exports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Lithuania exports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, diagnostic equipment exports amounted to $X in 2018. Overall, diagnostic equipment exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, diagnostic equipment exports attained their maximum in 2018 and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, Germany (X tons), the U.S. (X tons) and China (X tons) represented the largest exporters of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus in the world, making up X% of total export. The Netherlands (X tons) occupied the next position in the ranking, followed by the UK (X tons) and Japan (X tons). All these countries together held near X% share of total exports. Italy (X tons), South Korea (X tons), Mexico (X tons), France (X tons) and Austria (X tons) followed a long way behind the leaders.

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

In value terms, the largest diagnostic equipment markets from Lithuania were the U.S. ($X), Germany ($X) and China ($X), with a combined X% share of total exports.

Among the main exporting countries, China experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The diagnostic equipment export price in Lithuania stood at $X per ton in 2018, jumping by X% against the previous year. Overall, the export price indicated moderate growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. Over the period under review, the export prices for electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus attained their maximum at $X per ton in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per ton), while the UK ($X per ton) was amongst the lowest.

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

Diagnostic Equipment Imports

Imports into Lithuania

In 2018, the amount of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus imported into Lithuania totaled X tons, lowering by -X% against the previous year. In general, diagnostic equipment imports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Lithuania imports peaked at X tons in 2015; however, from 2016 to 2018, imports remained at a lower figure.

In value terms, diagnostic equipment imports amounted to $X in 2018. In general, the total imports indicated pronounced growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, diagnostic equipment imports increased by +X% against 2014 indices. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, diagnostic equipment imports attained their maximum in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons), China (X tons), the Netherlands (X tons) and Japan (X tons) were the main importers of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, together creating X% of total imports. France (X tons), Italy (X tons), the UK (X tons), Russia (X tons), Austria (X tons), India (X tons) and South Korea (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to diagnostic equipment imports into the U.S. stood at +X%. At the same time, Austria (+X%), China (+X%), India (+X%), Italy (+X%), Germany (+X%), Japan (+X%), the UK (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. South Korea and France experienced a relatively flat trend pattern. By contrast, Russia (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), China (+X p.p.) and Germany (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus into Lithuania, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. stood at +X%. In the other countries, the average annual rates were as follows: China (+X% per year) and Germany (+X% per year).

Import Prices by Country

The diagnostic equipment import price in Lithuania stood at $X per ton in 2018, going up by X% against the previous year. Over the period under review, the diagnostic equipment import price, however, continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2018 when the import price increased by X% year-to-year. Over the period under review, the import prices for electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus attained their maximum at $X per ton in 2007; however, from 2008 to 2018, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform