CIS: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in CIS

The CIS orthopaedic appliances market expanded to $X in 2022, picking up by 3.3% against the previous year. Overall, consumption, however, enjoyed buoyant growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Orthopaedic Appliances Production in CIS

In value terms, orthopaedic appliances production rose modestly to $X in 2022 estimated in export price. In general, production posted a prominent increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 29%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Orthopaedic Appliances Exports

Exports in CIS

In 2022, approx. X tons of orthopaedic appliances and splints were exported in the CIS; growing by 12% compared with the previous year's figure. In general, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 97%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, orthopaedic appliances exports declined to $X in 2022. Overall, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 134% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Russia represented the key exporting country with an export of about X tons, which finished at 55% of total exports. Armenia (X tons) ranks second in terms of the total exports with a 33% share, followed by Belarus (10%).

From 2012 to 2022, the biggest increases were recorded for Armenia (with a CAGR of +88.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest orthopaedic appliances supplier in the CIS, comprising 78% of total exports. The second position in the ranking was taken by Armenia ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at +11.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Armenia (+70.2% per year) and Belarus (-0.3% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, shrinking by -19.8% against the previous year. In general, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2017 an increase of 29%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Russia ($X per ton), while Armenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-4.0%), while the other leaders experienced a decline in the export price figures.

Orthopaedic Appliances Imports

Imports in CIS

Orthopaedic appliances imports contracted to X tons in 2022, falling by -5% on the previous year's figure. Total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.2% 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 +26.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 33% against the previous year. As a result, imports attained the peak of X tons, and then dropped slightly in the following year.

In value terms, orthopaedic appliances imports declined to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value 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, imports increased by +23.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 39%. Over the period under review, imports attained the peak figure at $X in 2021, and then fell in the following year.

Imports by Country

Russia dominates imports structure, accounting for X tons, which was approx. 71% of total imports in 2022. It was distantly followed by Kazakhstan (X tons), Armenia (X tons) and Belarus (X tons), together committing a 22% share of total imports. The following importers - Azerbaijan (X tons), Uzbekistan (X tons) and Moldova (X tons) - each recorded a 6% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to orthopaedic appliances imports into Russia stood at +1.3%. At the same time, Uzbekistan (+37.4%), Azerbaijan (+34.4%), Armenia (+25.8%), Belarus (+10.2%), Kazakhstan (+5.5%) and Moldova (+3.1%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +37.4% from 2012-2022. From 2012 to 2022, the share of Armenia, Belarus, Uzbekistan, Azerbaijan and Kazakhstan increased by +5.7, +2.9, +2, +1.9 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported orthopaedic appliances and splints in the CIS, comprising 72% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 12% share of total imports. It was followed by Belarus, with a 5.3% share.

In Russia, orthopaedic appliances imports increased at an average annual rate of +5.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (+4.6% per year) and Belarus (+4.2% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2017 when the import price increased by 38% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the import prices failed to regain momentum.

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 Uzbekistan ($X per ton), while Armenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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