Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Lithuania - 2023

Contents:

1. Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Lithuania (FOB) - 2023
2. Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Lithuania (CIF) - 2022
3. Exports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Lithuania
4. Imports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Lithuania

Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Lithuania (FOB) - 2023

The average export price for pharmaceutical goods; appliances identifiable for ostomy uses stood at $101K per ton in November 2023, growing by 69% against the previous month. Over the period under review, export price indicated tangible growth from November 2022 to November 2023: its price increased at an average monthly rate of +4.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for pharmaceutical goods; appliances identifiable for ostomy uses increased by +93.6% against July 2023 indices. The growth pace was the most rapid in January 2023 an increase of 84% m-o-m. Over the period under review, the average export prices hit record highs in November 2023.

Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($113K per ton), while the average price for exports to the United States ($55,307 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Lithuania (CIF) - 2022

The average import price for pharmaceutical goods; appliances identifiable for ostomy uses stood at $78,176 per ton in 2022, rising by 9.8% against the previous year. In general, the import price, however, saw a mild decrease. The pace of growth was the most pronounced in 2013 when the average import price increased by 69% against the previous year. As a result, import price attained the peak level of $153,670 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($359,640 per ton), while the price for Spain ($17,743 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+109.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Lithuania

For the fourth year in a row, Lithuania recorded growth in shipments abroad of pharmaceutical goods; appliances identifiable for ostomy uses, which increased by 32% to 1.4K tons in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 636%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of pharmaceutical goods; appliances identifiable for ostomy uses surged to $84M in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 729% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use from Lithuania in 2022:

1. Netherlands (1089.1 tons)
2. United States (199.7 tons)
3. Ireland (52.9 tons)

Imports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Lithuania

In 2022, after three years of growth, there was significant decline in purchases abroad of pharmaceutical goods; appliances identifiable for ostomy uses, when their volume decreased by -30.2% to 49 tons. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +5.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +17.2% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 47%. As a result, imports attained the peak of 71 tons, and then fell sharply in the following year.

In value terms, imports of pharmaceutical goods; appliances identifiable for ostomy uses dropped sharply to $3.9M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 41%. As a result, imports attained the peak of $5M, and then declined sharply in the following year.

Top Suppliers of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use to Lithuania in 2022:

1. Estonia (14.9 tons)
2. Latvia (13.5 tons)
3. Poland (5.5 tons)
4. Spain (5.1 tons)
5. United Kingdom (4.2 tons)
6. Ireland (2.5 tons)
7. Netherlands (1.0 tons)
8. United States (0.6 tons)
9. Czech Republic (0.5 tons)
10. Germany (0.2 tons)

Source: IndexBox Market Intelligence Platform