Lithuania - Hearing Aids (Excl. Parts And Accessories) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHearing Aid Price in Lithuania - 2023
Contents:
- Hearing Aid Price in Lithuania (CIF) - 2022
- Hearing Aid Price in Lithuania (FOB) - 2022
- Hearing Aid Imports in Lithuania
- Hearing Aid Exports in Lithuania
Hearing Aid Price in Lithuania (CIF) - 2022
The average hearing aid import price stood at $157 per unit in 2022, reducing by -28.2% against the previous year. Overall, the import price, however, enjoyed a mild expansion. The growth pace was the most rapid in 2017 an increase of 53% against the previous year. As a result, import price attained the peak level of $514 per unit. From 2018 to 2022, the average 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 France ($499 per unit), while the price for Germany ($101 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+101.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Hearing Aid Price in Lithuania (FOB) - 2022
The average hearing aid export price stood at $213 per unit in 2022, with a decrease of -39.1% against the previous year. Over the period under review, the export price, however, saw temperate growth. The pace of growth was the most pronounced in 2017 an increase of 161% against the previous year. As a result, the export price reached the peak level of $758 per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($244 per unit), while the average price for exports to Latvia totaled $181 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+5.5%).
Hearing Aid Imports in Lithuania
In 2022, hearing aid imports into Lithuania skyrocketed to 30K units, rising by 89% against the year before. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, hearing aid imports soared to $4.8M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.4% 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 +75.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Hearing Aid in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 600 | 677 | 1,261 | 1,796 | 44.1% |
| Netherlands | N/A | 151 | 619 | 1,010 | 158.6% |
| Czech Republic | 1.3 | N/A | N/A | 810 | 754.1% |
| Poland | 479 | 445 | 627 | 590 | 7.2% |
| Denmark | 249 | 98.2 | 365 | 157 | -14.3% |
| Mexico | 0.5 | N/A | 68.4 | 143 | 558.9% |
| France | 955 | 361 | 285 | 135 | -47.9% |
| China | 185 | 175 | 2.0 | 23.3 | -49.9% |
| Latvia | 781 | 553 | 185 | N/A | -51.3% |
| Others | 292 | 254 | 92.9 | 100 | -30.0% |
| Total | 3,544 | 2,714 | 3,505 | 4,764 | 10.4% |
Top Suppliers of Hearing Aid to Lithuania in 2022:
- Germany (17.8K units)
- Netherlands (4.6K units)
- Poland (2.8K units)
- Czech Republic (2.4K units)
- Denmark (1.3K units)
- Mexico (0.8K units)
- France (0.3K units)
- China (0.1K units)
Hearing Aid Exports in Lithuania
In 2022, approx. 8.2K units of hearing aids (excl. parts and accessories) were exported from Lithuania; jumping by 274% compared with the previous year. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, hearing aid exports soared to $1.7M in 2022. Over the period under review, exports continue to indicate a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Hearing Aid in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 809 | 735 | 452 | 849 | 1.6% |
| Latvia | 3.3 | 206 | 40.9 | 821 | 528.9% |
| Russia | 611 | 34.3 | 146 | N/A | -51.1% |
| Others | 22.4 | 47.8 | 125 | 71.6 | 47.3% |
| Total | 1,446 | 1,023 | 764 | 1,742 | 6.4% |
Top Export Markets for Hearing Aid from Lithuania in 2022:
- Latvia (4.5K units)
- Belarus (3.5K units)
This report provides an in-depth analysis of the hearing aid market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26601433 - Appliances for overcoming deafness (excluding parts and accessories)
Country coverage:
- Lithuania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Lithuania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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