Brazil: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in Brazil

The Brazilian orthopaedic appliances market totaled $X in 2022, growing by 9.1% against the previous year. Overall, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.7% against 2020 indices. Orthopaedic appliances consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Orthopaedic Appliances Production in Brazil

In value terms, orthopaedic appliances production rose remarkably to $X in 2022 estimated in export price. Over the period under review, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.0% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 56%. Orthopaedic appliances production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Orthopaedic Appliances Exports

Exports from Brazil

In 2022, orthopaedic appliances exports from Brazil was estimated at X tons, picking up by 14% compared with 2021. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 31%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, orthopaedic appliances exports soared to $X in 2022. Overall, total exports indicated resilient growth from 2012 to 2022: its value 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. Based on 2022 figures, exports increased by +110.2% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X tons), Switzerland (X tons) and the United States (X tons) were the main destinations of orthopaedic appliances exports from Brazil, with a combined 58% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +123.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for orthopaedic appliances exported from Brazil were the United States ($X), Switzerland ($X) and Turkey ($X), with a combined 54% share of total exports.

In terms of the main countries of destination, Switzerland, with a CAGR of +124.4%, saw the highest rates of growth with regard to the value of exports, 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, growing by 17% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, orthopaedic appliances export price increased by +35.7% against 2018 indices. The pace of growth appeared the most rapid in 2020 an increase of 32% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Mexico ($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 Bolivia (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopaedic Appliances Imports

Imports into Brazil

In 2022, imports of orthopaedic appliances and splints into Brazil soared to X tons, picking up by 30% against the previous year's figure. In general, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, orthopaedic appliances imports skyrocketed to $X in 2022. Overall, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 +71.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 42%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Mexico (X tons) constituted the largest orthopaedic appliances supplier to Brazil, accounting for a 61% share of total imports. Moreover, orthopaedic appliances imports from Mexico exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. China (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from Mexico totaled +48.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.2% per year) and China (+8.0% per year).

In value terms, Mexico ($X), the United States ($X) and Switzerland ($X) appeared to be the largest orthopaedic appliances suppliers to Brazil, together accounting for 70% of total imports. China, France, Germany, South Korea, Italy, Costa Rica and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 25%.

Costa Rica, with a CAGR of +73.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average orthopaedic appliances import price stood at $X per ton in 2022, which is down by -6.6% against the previous year. In general, the import price showed a abrupt setback. The growth pace was the most rapid in 2013 when the average import price increased by 19%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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