Lithuania: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Lithuania

The Lithuanian orthopedic prosthetics market declined to $X in 2022, which is down by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then declined in the following year.

Orthopedic Prosthetics Production in Lithuania

In value terms, orthopedic prosthetics production surged to $X in 2022 estimated in export price. In general, production recorded a pronounced reduction. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Orthopedic Prosthetics Exports

Exports from Lithuania

After two years of decline, shipments abroad of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) increased by X% to X units in 2022. Overall, exports enjoyed strong growth. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, orthopedic prosthetics exports shrank significantly to $X in 2022. In general, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for orthopedic prosthetics exports from Lithuania, with a X% share of total exports. Moreover, orthopedic prosthetics exports to Russia exceeded the volume sent to the second major destination, Belarus (X units), ninefold. The third position in this ranking was taken by Germany (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (X% per year) and Germany (X% per year).

In value terms, Russia ($X) remains the key foreign market for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports. It was followed by Kazakhstan, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The average orthopedic prosthetics export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the export price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then contracted notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced a decline.

Orthopedic Prosthetics Imports

Imports into Lithuania

In 2022, orthopedic prosthetics imports into Lithuania expanded significantly to X units, growing by X% compared with 2021 figures. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, orthopedic prosthetics imports dropped to $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Belgium (X units) and the Netherlands (X units) were the main suppliers of orthopedic prosthetics imports to Lithuania, together comprising X% of total imports. France, the Czech Republic, Latvia and Turkey lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X), the Netherlands ($X) and Belgium ($X) constituted the largest orthopedic prosthetics suppliers to Lithuania, together accounting for X% of total imports. Latvia, France, Turkey and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Latvia, with a CAGR of X%, recorded the highest growth rate of 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 orthopedic prosthetics import price stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per unit in 2021, and then dropped sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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