Chile: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in Chile

The Chilean orthopaedic appliances market surged to $X in 2022, jumping by 16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a resilient increase. Orthopaedic appliances consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Orthopaedic Appliances Exports

Exports from Chile

In 2022, overseas shipments of orthopaedic appliances and splints increased by 64% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.7% 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 +74.1% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, orthopaedic appliances exports surged to $X in 2022. In general, exports saw pronounced growth. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Costa Rica (X tons), Paraguay (X tons) and Switzerland (X tons) were the main destinations of orthopaedic appliances exports from Chile, together comprising 52% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +89.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for orthopaedic appliances exported from Chile were Costa Rica ($X), Bolivia ($X) and Mexico ($X), with a combined 38% share of total exports. Switzerland, Ecuador, Paraguay and Panama lagged somewhat behind, together comprising a further 31%.

Among the main countries of destination, Switzerland, with a CAGR of +43.7%, 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, increasing by 17% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 20% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a 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 Bolivia ($X per ton), while the average price for exports to Paraguay ($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 (+0.2%), while the prices for the other major destinations experienced a decline.

Orthopaedic Appliances Imports

Imports into Chile

In 2022, imports of orthopaedic appliances and splints into Chile surged to X tons, picking up by 34% against 2021 figures. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, orthopaedic appliances imports amounted to $X in 2022. In general, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2021 with an increase of 41%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of orthopaedic appliances to Chile, with a 82% share of total imports. Moreover, orthopaedic appliances imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.1% per year) and Germany (+9.1% per year).

In value terms, the United States ($X) constituted the largest supplier of orthopaedic appliances and splints to Chile, comprising 39% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Germany, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.6% per year) and Germany (+11.4% per year).

Import Prices by Country

In 2022, the average orthopaedic appliances import price amounted to $X per ton, which is down by -16.8% against the previous year. Overall, the import price saw a mild decline. The pace of growth was the most pronounced in 2015 an increase of 46% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 the United States ($X per ton), while the price for China ($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) (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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