Lithuania: X-Ray Examination Preparations Market 2024

X-Ray Examination Preparations Market Size in Lithuania

The Lithuanian x-ray examination preparations market declined remarkably to $X in 2022, which is down by -45.1% against the previous year. Over the period under review, consumption continues to indicate a sharp shrinkage. X-ray examination preparations consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

X-Ray Examination Preparations Production in Lithuania

In value terms, x-ray examination preparations production reduced remarkably to $X in 2022 estimated in export price. Over the period under review, production recorded a significant curtailment. The pace of growth was the most pronounced in 2018 with an increase of 7.3%. X-ray examination preparations production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

X-Ray Examination Preparations Exports

Exports from Lithuania

In 2022, approx. X tons of opacifying preparations for x-ray examinations were exported from Lithuania; rising by 66% compared with the year before. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 490% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, x-ray examination preparations exports soared to $X in 2022. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by 47% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Belarus (X tons), Armenia (X tons) and Latvia (X tons) were the main destinations of x-ray examination preparations exports from Lithuania, together comprising 92% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Armenia (with a CAGR of +619.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for x-ray examination preparations exported from Lithuania were Belarus ($X), Latvia ($X) and Estonia ($X), together accounting for 84% of total exports. Armenia and Georgia lagged somewhat behind, together accounting for a further 15%.

In terms of the main countries of destination, Armenia, with a CAGR of +424.6%, recorded the highest rates of growth with regard to 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 x-ray examination preparations export price amounted to $X per ton, waning by -28.1% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 71% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Armenia ($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 (+3.3%), while the prices for the other major destinations experienced a decline.

X-Ray Examination Preparations Imports

Imports into Lithuania

X-ray examination preparations imports into Lithuania amounted to X tons in 2022, picking up by 7.4% compared with 2021. Overall, imports recorded a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 127% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, x-ray examination preparations imports surged to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +10.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.4% against 2014 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 42%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

The Netherlands (X tons), Ireland (X tons) and Slovenia (X tons) were the main suppliers of x-ray examination preparations imports to Lithuania, together accounting for 90% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +140.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), the Netherlands ($X) and Slovenia ($X) appeared to be the largest x-ray examination preparations suppliers to Lithuania, together accounting for 89% of total imports.

The Netherlands, with a CAGR of +121.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average x-ray examination preparations import price stood at $X per ton in 2022, with an increase of 8.5% against the previous year. In general, the import price, however, recorded a slight shrinkage. The pace of growth was the most pronounced in 2015 an increase of 66%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average 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 Slovenia ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform