Lithuania: Medical Gel Preparations Market 2025

Medical Gel Preparations Market Size in Lithuania

For the fourth consecutive year, the Lithuanian medical gel preparations market recorded growth in sales value, which increased by 1.2% to $X in 2022. Over the period under review, consumption recorded a buoyant expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Medical Gel Preparations Exports

Exports from Lithuania

In 2022, approx. X tons of gel preparations for human or veterinary medicine were exported from Lithuania; which is down by -2.6% against 2021 figures. In general, exports recorded a perceptible decline. The pace of growth was the most pronounced in 2018 when exports increased by 109% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, medical gel preparations exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a resilient expansion. The growth pace was the most rapid in 2015 when exports increased by 203% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons), Latvia (X tons) and Estonia (X tons) were the main destinations of medical gel preparations exports from Lithuania, together comprising 77% of total exports. Poland, the UK and Belarus lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +177.4%), while the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Poland ($X) and Estonia ($X) appeared to be the largest markets for medical gel preparations exported from Lithuania worldwide, together comprising 64% of total exports.

Among the main countries of destination, Poland, with a CAGR of +145.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average medical gel preparations export price stood at $X per ton in 2022, rising by 42% against the previous year. In general, the export price recorded a prominent expansion. The growth pace was the most rapid in 2017 when the average export price increased by 110%. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Gel Preparations Imports

Imports into Lithuania

In 2022, overseas purchases of gel preparations for human or veterinary medicine increased by 14% to X tons, rising for the third consecutive year after two years of decline. In general, imports recorded prominent growth. The growth pace was the most rapid in 2020 with an increase of 44% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, medical gel preparations imports contracted notably to $X in 2022. Overall, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 when imports increased by 114% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest medical gel preparations supplier to Lithuania, accounting for a 53% share of total imports. Moreover, medical gel preparations imports from Italy exceeded the figures recorded by the second-largest supplier, Finland (X tons), threefold. Hungary (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to +25.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+6.3% per year) and Hungary (+0.8% per year).

In value terms, Italy ($X) constituted the largest supplier of gel preparations for human or veterinary medicine to Lithuania, comprising 41% of total imports. The second position in the ranking was held by Finland ($X), with a 15% share of total imports. It was followed by France, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +23.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-12.7% per year) and France (+105.5% per year).

Import Prices by Country

In 2022, the average medical gel preparations import price amounted to $X per ton, dropping by -43.8% against the previous year. In general, the import price continues to indicate a abrupt setback. The growth pace was the most rapid in 2017 when the average import price increased by 87% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform