Belgium: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in Belgium

In 2022, after two years of growth, there was significant decline in the Belgian orthopaedic appliances market, when its value decreased by -13.3% to $X. In general, consumption, however, continues to indicate a buoyant increase. Over the period under review, the market attained the peak level at $X in 2021, and then shrank in the following year.

Orthopaedic Appliances Production in Belgium

In value terms, orthopaedic appliances production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 25%. Over the period under review, production reached the maximum level in 2022 and is likely to continue growth in years to come.

Orthopaedic Appliances Exports

Exports from Belgium

In 2022, overseas shipments of orthopaedic appliances and splints decreased by -16.9% to X tons, falling for the second consecutive year after two years of growth. Overall, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2016 when exports increased by 18%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, orthopaedic appliances exports fell sharply to $X in 2022. In general, exports, however, posted moderate growth. The pace of growth was the most pronounced in 2018 when exports increased by 46%. The exports peaked at $X in 2021, and then contracted sharply in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for orthopaedic appliances exports from Belgium, accounting for a 42% share of total exports. Moreover, orthopaedic appliances exports to the Netherlands exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at -4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-5.6% per year) and Germany (-10.2% per year).

In value terms, the United States ($X), France ($X) and the Netherlands ($X) were the largest markets for orthopaedic appliances exported from Belgium worldwide, with a combined 37% share of total exports.

The United States, with a CAGR of +11.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average orthopaedic appliances export price stood at $X per ton in 2022, falling by -15.8% against the previous year. Overall, the export price, however, showed a resilient increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 55%. The export price peaked at $X per ton in 2021, and then contracted rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the Netherlands ($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 the United States (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopaedic Appliances Imports

Imports into Belgium

In 2022, the amount of orthopaedic appliances and splints imported into Belgium plummeted to X tons, waning by -17.4% compared with 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 61% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, orthopaedic appliances imports fell rapidly to $X in 2022. Overall, imports, however, posted a temperate expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 56%. Imports peaked at $X in 2021, and then reduced notably in the following year.

Imports by Country

The Netherlands (X tons), China (X tons) and Spain (X tons) were the main suppliers of orthopaedic appliances imports to Belgium, together comprising 80% of total imports. Germany, Switzerland, the United States, France and the UK lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +10.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) constituted the largest supplier of orthopaedic appliances and splints to Belgium, comprising 54% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 19% share of total imports. It was followed by the United States, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from Switzerland stood at +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-0.5% per year) and the United States (+0.6% per year).

Import Prices by Country

In 2022, the average orthopaedic appliances import price amounted to $X per ton, reducing by -1.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2019 when the average import price increased by 29% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then contracted modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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