Estonia: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in Estonia

The Estonian orthopaedic appliances market soared to $X in 2022, jumping by 1,760% against the previous year. Overall, consumption, however, saw a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Orthopaedic Appliances Production in Estonia

In value terms, orthopaedic appliances production dropped notably to $X in 2022 estimated in export price. Over the period under review, production saw a dramatic contraction. The most prominent rate of growth was recorded in 2013 with an increase of 18%. Orthopaedic appliances production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Orthopaedic Appliances Exports

Exports from Estonia

In 2022, approx. X tons of orthopaedic appliances and splints were exported from Estonia; falling by -4.6% against the previous year's figure. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 438% against the previous year. The exports peaked at X tons in 2021, and then dropped modestly in the following year.

In value terms, orthopaedic appliances exports declined sharply to $X in 2022. Overall, exports faced a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of 10% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X tons) was the main destination for orthopaedic appliances exports from Estonia, accounting for a 90% share of total exports. Moreover, orthopaedic appliances exports to Denmark exceeded the volume sent to the second major destination, Poland (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Denmark stood at +16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+1,215.4% per year) and Germany (-28.8% per year).

In value terms, Denmark ($X) remains the key foreign market for orthopaedic appliances and splints exports from Estonia, comprising 69% of total exports. The second position in the ranking was taken by Germany ($X), with a 3.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Denmark amounted to +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-36.8% per year) and Poland (+179.7% per year).

Export Prices by Country

The average orthopaedic appliances export price stood at $X per ton in 2022, waning by -14.2% against the previous year. Over the period under review, the export price recorded a sharp slump. The most prominent rate of growth was recorded in 2016 a decrease of -1.5% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 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 Germany ($X per ton), while the average price for exports to Poland ($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 Denmark (-4.6%), while the prices for the other major destinations experienced a decline.

Orthopaedic Appliances Imports

Imports into Estonia

In 2022, the amount of orthopaedic appliances and splints imported into Estonia soared to X tons, growing by 43% against 2021. Over the period under review, imports posted a prominent expansion. The growth pace was the most rapid in 2019 with an increase of 108% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, orthopaedic appliances imports expanded remarkably to $X in 2022. Overall, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +85.3% against 2017 indices. The growth pace was the most rapid in 2019 with an increase of 54% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Switzerland (X tons) constituted the largest orthopaedic appliances supplier to Estonia, accounting for a 32% share of total imports. Moreover, orthopaedic appliances imports from Switzerland exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Switzerland totaled +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+38.2% per year) and Germany (+2.9% per year).

In value terms, Switzerland ($X) constituted the largest supplier of orthopaedic appliances and splints to Estonia, comprising 37% of total imports. The second position in the ranking was taken by the United States ($X), with a 16% share of total imports. It was followed by Germany, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Switzerland stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.9% per year) and Germany (-5.4% per year).

Import Prices by Country

In 2022, the average orthopaedic appliances import price amounted to $X per ton, which is down by -24.6% against the previous year. In general, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 an increase of 49% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform