Benelux: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in Benelux

The Benelux orthopaedic appliances market expanded sharply to $X in 2022, increasing by 5.6% against the previous year. In general, consumption recorded a strong expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the near future.

Orthopaedic Appliances Production in Benelux

In value terms, orthopaedic appliances production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 16%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Orthopaedic Appliances Exports

Exports in Benelux

For the seventh year in a row, Benelux recorded growth in shipments abroad of orthopaedic appliances and splints, which increased by 4.8% to X tons in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 12% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, orthopaedic appliances exports fell to $X in 2022. Over the period under review, exports showed a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 23%. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

The Netherlands represented the main exporter of orthopaedic appliances and splints in Benelux, with the volume of exports amounting to X tons, which was near 65% of total exports in 2022. It was distantly followed by Belgium (X tons), mixing up a 35% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +7.3%).

In value terms, the Netherlands ($X) remains the largest orthopaedic appliances supplier in Benelux, comprising 78% of total exports. The second position in the ranking was held by Belgium ($X), with a 22% share of total exports.

In the Netherlands, orthopaedic appliances exports expanded at an average annual rate of +7.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, reducing by -12.3% against the previous year. Export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the export price increased by 21%. The level of export peaked at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+10.7%).

Orthopaedic Appliances Imports

Imports in Benelux

For the third consecutive year, Benelux recorded growth in purchases abroad of orthopaedic appliances and splints, which increased by 3.5% to X tons in 2022. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.5% 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 +134.7% against 2015 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 41%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, orthopaedic appliances imports rose markedly to $X in 2022. Overall, imports enjoyed a strong expansion. The growth pace was the most rapid in 2013 with an increase of 25%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

In 2022, the Netherlands (X tons) and Belgium (X tons) was the major importer of orthopaedic appliances and splints in Benelux, comprising 99% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Netherlands (with a CAGR of +11.7%).

In value terms, the Netherlands ($X) constitutes the largest market for imported orthopaedic appliances and splints in Benelux, comprising 74% of total imports. The second position in the ranking was taken by Belgium ($X), with a 25% share of total imports.

In the Netherlands, orthopaedic appliances imports expanded at an average annual rate of +13.6% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, growing by 2.2% against the previous year. Over the last decade, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2019 an increase of 21%. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.3%).

Source: IndexBox Platform