Lithuania: Wheelchair Market 2020

Wheelchair Market Size in Lithuania

The revenue of the wheelchair market in Lithuania amounted to $X in 2018, going up by X% against the previous year. Over the period under review, the total market indicated prominent growth from 2007 to 2018: its value 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. Based on 2018 figures, wheelchair consumption increased by +X% against 2015 indices. The growth pace was the most rapid in 2013 when the market value increased by X% y-o-y. Lithuania wheelchair consumption peaked in 2018 and is likely to see steady growth in the near future.

Wheelchair Production in Lithuania

In value terms, wheelchair production amounted to $X in 2018 estimated in export prices. Overall, wheelchair production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when production volume increased by X% year-to-year. Over the period under review, wheelchair production attained its peak figure level at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Wheelchair Exports

Exports from Lithuania

In 2018, the amount of wheelchairs exported from Lithuania stood at X units, coming down by -X% against the previous year. Over the period under review, wheelchair exports continue to indicate a slight deduction. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Lithuania exports peaked at X units in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

In value terms, wheelchair exports amounted to $X in 2018. Over the period under review, wheelchair exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% year-to-year. In that year, wheelchair exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

China dominates wheelchair exports structure, resulting at X units, which was approx. X% of total exports in 2018. Taiwan, Chinese (X units), Germany (X units), the UK (X units), Mexico (X units), India (X units), the Netherlands (X units) and the U.S. (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, India (+X%), the UK (+X%), the Netherlands (+X%), Germany (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Taiwan, Chinese experienced a relatively flat trend pattern. By contrast, Mexico (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), the UK (+X p.p.) and India (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Mexico (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wheelchair supplier from Lithuania, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by Taiwan, Chinese, with a X% share.

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

Export Prices by Country

In 2018, the wheelchair export price in Lithuania amounted to $X per unit, increasing by X% against the previous year. In general, the wheelchair export price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2018 when the export price increased by X% y-o-y. In that year, the export prices for wheelchairs 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 Germany ($X per unit), while China ($X per unit) 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.

Wheelchair Imports

Imports into Lithuania

Wheelchair imports into Lithuania stood at X units in 2018, increasing by X% against the previous year. Overall, wheelchair imports continue to indicate noticeable growth. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, wheelchair imports attained their peak figure at X units in 2014; however, from 2015 to 2018, imports remained at a lower figure.

In value terms, wheelchair imports amounted to $X in 2018. Over the period under review, wheelchair imports continue to indicate a strong expansion. The growth pace was the most rapid in 2018 when imports increased by X% year-to-year. In that year, wheelchair imports attained their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X units) and the UK (X units) were the key importers of wheelchairsacross the globe, together recording approx. X% of total imports. It was distantly followed by Germany (X units), mixing up a X% share of total imports. India (X units), Mexico (X units), Italy (X units), Russia (X units), Taiwan, Chinese (X units), France (X units), the Netherlands (X units), Canada (X units) and Malaysia (X units) followed a long way behind the leaders.

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

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

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

Import Prices by Country

In 2018, the wheelchair import price in Lithuania amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price indicated a significant expansion from 2007 to 2018: its price 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. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. In that year, the import prices for wheelchairs 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 importing countries. In 2018, the country with the highest price was France ($X per unit), while India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform