Lithuania: Adhesive Bandage Market 2023

Adhesive Bandage Market Size in Lithuania

After three years of growth, the Lithuanian adhesive bandage market decreased by -14.3% to $X in 2022. Overall, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +62.2% against 2018 indices. Adhesive bandage consumption peaked at $X in 2021, and then reduced in the following year.

Adhesive Bandage Exports

Exports from Lithuania

In 2022, approx. X tons of adhesive bandages were exported from Lithuania; picking up by 16% compared with 2021. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 105%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, adhesive bandage exports expanded notably to $X in 2022. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2019 with an increase of 61%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Denmark (X tons), Sweden (X tons) and Estonia (X tons) were the main destinations of adhesive bandage exports from Lithuania, with a combined 58% share of total exports. France, Latvia, Hungary and Russia lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +152.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) remains the key foreign market for adhesive bandages exports from Lithuania, comprising 22% of total exports. The second position in the ranking was held by Latvia ($X), with a 9.8% share of total exports. It was followed by France, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Denmark stood at +66.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+7.5% per year) and France (+133.8% per year).

Export Prices by Country

The average adhesive bandage export price stood at $X per ton in 2022, which is down by -6.9% against the previous year. Over the period under review, the export price recorded a pronounced downturn. The pace of growth was the most pronounced in 2013 when the average export price increased by 24%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Sweden ($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 Hungary (+9.7%), while the prices for the other major destinations experienced a decline.

Adhesive Bandage Imports

Imports into Lithuania

Adhesive bandage imports into Lithuania rose to X tons in 2022, increasing by 4.2% compared with the previous year's figure. Over the period under review, imports posted strong growth. The most prominent rate of growth was recorded in 2019 when imports increased by 51%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, adhesive bandage imports contracted to $X in 2022. In general, imports recorded resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 37%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of adhesive bandage to Lithuania, accounting for a 48% share of total imports. Moreover, adhesive bandage imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. The third position in this ranking was held by Latvia (X tons), with a 9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +30.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+11.8% per year) and Latvia (+17.1% per year).

In value terms, the largest adhesive bandage suppliers to Lithuania were China ($X), Estonia ($X) and Sweden ($X), with a combined 56% share of total imports.

Among the main suppliers, China, with a CAGR of +40.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average adhesive bandage import price stood at $X per ton in 2022, waning by -4.8% against the previous year. In general, the import price saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 10% 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.

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 Estonia ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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