Eastern Europe: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in Eastern Europe

The East European orthopaedic appliances market reduced to $X in 2022, which is down by -1.7% against the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +15.7% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then fell in the following year.

Orthopaedic Appliances Production in Eastern Europe

In value terms, orthopaedic appliances production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +5.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by 26%. Over the period under review, production hit record highs in 2022 and is likely to continue growth in the near future.

Orthopaedic Appliances Exports

Exports in Eastern Europe

In 2022, the amount of orthopaedic appliances and splints exported in Eastern Europe expanded markedly to X tons, picking up by 15% compared with the year before. In general, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2016 when exports increased by 19%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, orthopaedic appliances exports expanded remarkably to $X in 2022. Overall, exports recorded prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 19% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Poland represented the main exporter of orthopaedic appliances and splints in Eastern Europe, with the volume of exports finishing at X tons, which was approx. 56% of total exports in 2022. The Czech Republic (X tons) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by Romania (9%) and Russia (6.8%). The following exporters - Estonia (X tons), Hungary (X tons) and Bulgaria (X tons) - together made up 9.1% of total exports.

Exports from Poland increased at an average annual rate of +14.4% from 2012 to 2022. At the same time, Estonia (+30.3%), Bulgaria (+21.6%), Russia (+15.7%), Romania (+3.7%) and Hungary (+2.5%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +30.3% from 2012-2022. The Czech Republic experienced a relatively flat trend pattern. Poland (+23 p.p.), Estonia (+3.4 p.p.), Russia (+3.3 p.p.) and Bulgaria (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Hungary, Romania and the Czech Republic saw its share reduced by -2%, -5% and -18.6% from 2012 to 2022, respectively.

In value terms, Poland ($X) remains the largest orthopaedic appliances supplier in Eastern Europe, comprising 44% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 17% share of total exports. It was followed by Romania, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Poland totaled +14.8%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (+2.4% per year) and Romania (+10.1% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, declining by -8% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 12%. The level of export peaked at $X per ton in 2021, and then shrank 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 Hungary ($X per ton), while Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+6.2%), while the other leaders experienced more modest paces of growth.

Orthopaedic Appliances Imports

Imports in Eastern Europe

In 2022, supplies from abroad of orthopaedic appliances and splints increased by 15% to X tons, rising for the second consecutive year after two years of decline. In general, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2018 when imports increased by 40% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, orthopaedic appliances imports contracted slightly to $X in 2022. Over the period under review, imports recorded strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 21%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, Poland (X tons) and Russia (X tons) represented the main importers of orthopaedic appliances and splints in Eastern Europe, together recording near 55% of total imports. It was distantly followed by the Czech Republic (X tons), Hungary (X tons) and Romania (X tons), together generating a 31% share of total imports. Ukraine (X tons), Belarus (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Poland (with a CAGR of +17.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest orthopaedic appliances importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), with a combined 71% share of total imports.

In terms of the main importing countries, Poland, with a CAGR of +13.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, shrinking by -15% against the previous year. In general, the import price recorded a mild slump. The most prominent rate of growth was recorded in 2019 when the import price increased by 18%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bulgaria ($X per ton), while Hungary ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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