Belarus: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Belarus

The Belarusian orthopedic prosthetics market surged to $X in 2022, growing by 27% against the previous year. Overall, consumption, however, showed a perceptible decline. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Orthopedic Prosthetics Production in Belarus

In value terms, orthopedic prosthetics production declined to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when the production volume increased by 12%. Orthopedic prosthetics production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Orthopedic Prosthetics Exports

Exports from Belarus

In 2022, overseas shipments of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) were finally on the rise to reach X units after two years of decline. Overall, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 902% against the previous year. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, orthopedic prosthetics exports soared to $X in 2022. In general, exports showed a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 2,475% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X units) was the main destination for orthopedic prosthetics exports from Belarus, accounting for a 89% share of total exports. Moreover, orthopedic prosthetics exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled +15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-0.2% per year) and Ukraine (-16.3% per year).

In value terms, Russia ($X) emerged as the key foreign market for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exports from Belarus, comprising 94% of total exports. The second position in the ranking was held by Ukraine ($X), with a 3.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at +18.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-15.3% per year) and Kazakhstan (-5.1% per year).

Export Prices by Country

The average orthopedic prosthetics export price stood at $X per unit in 2022, with an increase of 28% against the previous year. Overall, the export price enjoyed moderate growth. The pace of growth was the most pronounced in 2016 an increase of 157% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Kazakhstan ($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 (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.

Orthopedic Prosthetics Imports

Imports into Belarus

In 2022, supplies from abroad of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) was finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 54% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, orthopedic prosthetics imports surged to $X in 2022. Overall, imports enjoyed a modest expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 87%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Russia (X units), Germany (X units) and Ireland (X units) were the main suppliers of orthopedic prosthetics imports to Belarus, with a combined 79% share of total imports. The UK, the United States, Costa Rica and China lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +46.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and Russia ($X) were the largest orthopedic prosthetics suppliers to Belarus, together accounting for 72% of total imports.

Among the main suppliers, the UK, with a CAGR of +50.9%, 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 orthopedic prosthetics import price stood at $X per unit in 2022, picking up by 27% against the previous year. In general, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, orthopedic prosthetics import price increased by +84.4% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 58%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 the UK ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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