Lithuania: Hearing Aid Market 2020

Hearing Aid Market Size in Lithuania

The revenue of the hearing aid market in Lithuania amounted to $X in 2018, rising by X% against the previous year. In general, hearing aid consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the market value increased by X% year-to-year. Lithuania hearing aid consumption peaked at $X in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Hearing Aid Production in Lithuania

In value terms, hearing aid production totaled $X in 2018 estimated in export prices. Over the period under review, hearing aid production continues to indicate a precipitous deduction. The most prominent rate of growth was recorded in 2017 when production volume decreased by -X% year-to-year. Over the period under review, hearing aid production reached its maximum level at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Hearing Aid Exports

Exports from Lithuania

Hearing aid exports from Lithuania amounted to X units in 2018, increasing by X% against the previous year. In general, hearing aid exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, hearing aid exports attained their peak figure at X units in 2015; however, from 2016 to 2018, exports failed to regain their momentum.

In value terms, hearing aid exports totaled $X in 2018. In general, hearing aid exports continue to indicate an outstanding increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Lithuania exports peaked at $X in 2015; however, from 2016 to 2018, exports remained at a lower figure.

Exports by Country

Malaysia dominates hearing aid exports structure, accounting for X units, which was approx. X% of total exports in 2018. China (X units) followed a long way behind the leaders.

Malaysia was also the fastest-growing in terms of the hearing aids (excl. parts and accessories) exports, with a CAGR of +X% from 2007 to 2018. At the same time, China (+X%) displayed positive paces of growth. While the share of Malaysia (+X p.p.) and China (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest hearing aid supplier from Lithuania, comprising X% of global exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of global exports.

In China, hearing aid exports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Lithuania (+X% per year).

Export Prices by Country

The hearing aid export price in Lithuania stood at $X per unit in 2018, increasing by X% against the previous year. In general, the hearing aid export price continues to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2018 when the export price increased by X% y-o-y. In that year, the export prices for hearing aids (excl. parts and accessories) attained their peak level and is likely to continue its growth in the immediate term.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China.

Hearing Aid Imports

Imports into Lithuania

Hearing aid imports into Lithuania amounted to X units in 2018, rising by X% against the previous year. In general, hearing aid imports continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, hearing aid imports attained their maximum at X units in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, hearing aid imports stood at $X in 2018. In general, hearing aid imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Lithuania imports peaked in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

The U.S. represented the key importing country with an import of around X units, which reached X% of total imports. It was distantly followed by Germany (X units), the UK (X units) and the Netherlands (X units), together creating a X% share of total imports. Mexico (X units), Canada (X units), France (X units), Australia (X units), Japan (X units), India (X units), Switzerland (X units) and Poland (X units) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Mexico (+X%), the Netherlands (+X%), India (+X%), Poland (+X%), Australia (+X%), Japan (+X%), France (+X%), Canada (+X%), the UK (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Switzerland (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), the Netherlands (+X p.p.), Mexico (+X p.p.), India (+X p.p.), the UK (+X p.p.), Poland (+X p.p.) and Australia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported hearing aids (excl. parts and accessories) into Lithuania, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the UK (+X% per year).

Import Prices by Country

The hearing aid import price in Lithuania stood at $X per unit in 2018, going up by X% against the previous year. Overall, the hearing aid import price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2014 when the import price increased by X% y-o-y. In that year, the import prices for hearing aids (excl. parts and accessories) attained their peak level of $X per unit. From 2015 to 2018, the growth in terms of the import prices for hearing aids (excl. parts and accessories) 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 France ($X per unit), while Mexico ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform