Lithuania: Medical Instruments Market 2024

Medical Instruments Market Size in Lithuania

In 2022, the Lithuanian medical instruments market decreased by -40.8% to $X, falling for the second consecutive year after five years of growth. Overall, consumption recorded a abrupt descent. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Medical Instruments Production in Lithuania

In value terms, medical instruments production reduced to $X in 2022 estimated in export price. In general, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +28.2% against 2017 indices. The growth pace was the most rapid in 2016 when the production volume increased by 40%. Medical instruments production peaked at $X in 2021, and then contracted in the following year.

Medical Instruments Exports

Exports from Lithuania

In 2022, after three years of growth, there was significant decline in overseas shipments of instruments used in medical sciences, when their volume decreased by -7.5% to X tons. Overall, total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 13%. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, medical instruments exports dropped modestly to $X in 2022. In general, total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 20% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced slightly in the following year.

Exports by Country

France (X tons), the UK (X tons) and Germany (X tons) were the main destinations of medical instruments exports from Lithuania, with a combined 38% share of total exports. Spain, Japan, the United States, the Netherlands, Italy, Russia, Portugal, South Africa, Sweden and Taiwan (Chinese) lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +20.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for medical instruments exported from Lithuania were Russia ($X), the UK ($X) and France ($X), with a combined 31% share of total exports. The United States, Germany, Japan, Spain, Italy, the Netherlands, Sweden, South Africa, Portugal and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 31%.

Among the main countries of destination, the United States, with a CAGR of +20.8%, saw 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

In 2022, the average medical instruments export price amounted to $X per ton, growing by 4.5% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 15%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Taiwan (Chinese) (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Instruments Imports

Imports into Lithuania

In 2022, supplies from abroad of instruments used in medical sciences decreased by -24% to X tons, falling for the third consecutive year after three years of growth. In general, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -37.0% against 2019 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 66%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, medical instruments imports shrank to $X in 2022. Overall, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -20.6% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 76% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and Germany (X tons) were the main suppliers of medical instruments imports to Lithuania, together accounting for 61% of total imports. The UK, Italy, Poland, Belgium and Sweden lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +31.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and China ($X) constituted the largest medical instruments suppliers to Lithuania, together accounting for 44% of total imports.

Belgium, with a CAGR of +20.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average medical instruments import price amounted to $X per ton, rising by 28% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform