Hong Kong SAR, China: Orthopaedic Appliances Market 2025

Orthopaedic Appliances Market Size in Hong Kong SAR, China

After two years of decline, the Hong Kong orthopaedic appliances market increased by 8.7% to $X in 2022. In general, consumption saw a deep downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Orthopaedic Appliances Production in Hong Kong SAR, China

In value terms, orthopaedic appliances production shrank to $X in 2022 estimated in export price. Overall, production continues to indicate a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 24%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Orthopaedic Appliances Exports

Exports from Hong Kong SAR, China

Orthopaedic appliances exports from Hong Kong SAR reduced markedly to X tons in 2022, waning by -73.8% on the previous year's figure. Overall, exports, however, continue to indicate a modest increase. The pace of growth appeared the most rapid in 2021 with an increase of 296% against the previous year. As a result, the exports reached the peak of X tons, and then declined sharply in the following year.

In value terms, orthopaedic appliances exports fell dramatically to $X in 2022. In general, exports continue to indicate a significant contraction. The pace of growth was the most pronounced in 2019 when exports increased by 83%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for orthopaedic appliances exports from Hong Kong SAR, accounting for a 51% share of total exports. Moreover, orthopaedic appliances exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+53.7% per year) and Germany (+23.5% per year).

In value terms, the United States ($X), Macao SAR ($X) and China ($X) appeared to be the largest markets for orthopaedic appliances exported from Hong Kong SAR worldwide, with a combined 58% share of total exports. The Netherlands, Taiwan (Chinese), Malaysia, Germany, France and Switzerland lagged somewhat behind, together comprising a further 24%.

Switzerland, with a CAGR of +54.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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, picking up by 93% against the previous year. Over the period under review, the export price, however, showed a sharp decline. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Taiwan (Chinese) ($X per ton), while the average price for exports to Germany ($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 Macao SAR (+2.3%), while the prices for the other major destinations experienced a decline.

Orthopaedic Appliances Imports

Imports into Hong Kong SAR, China

In 2022, approx. X tons of orthopaedic appliances and splints were imported into Hong Kong SAR; waning by -68.3% compared with 2021 figures. In general, imports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 138%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, orthopaedic appliances imports dropped rapidly to $X in 2022. Over the period under review, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 117%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of orthopaedic appliances imports to Hong Kong SAR, together accounting for 95% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +4.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) constituted the largest supplier of orthopaedic appliances and splints to Hong Kong SAR, comprising 85% of total imports. The second position in the ranking was held by China ($X), with an 8.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-26.1% per year) and Germany (+0.3% per year).

Import Prices by Country

The average orthopaedic appliances import price stood at $X per ton in 2022, increasing by 144% against the previous year. In general, the import price posted significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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