Indonesia: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Indonesia

In 2022, the Indonesian orthopedic prosthetics market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, enjoyed prominent growth. Orthopedic prosthetics consumption peaked in 2022 and is likely to continue growth in the near future.

Orthopedic Prosthetics Production in Indonesia

In value terms, orthopedic prosthetics production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 50% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Orthopedic Prosthetics Exports

Exports from Indonesia

In 2022, orthopedic prosthetics exports from Indonesia soared to X units, picking up by 89% against 2021 figures. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 996%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, orthopedic prosthetics exports skyrocketed to $X in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 26,725%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

China (X units), Taiwan (Chinese) (X units) and Thailand (X units) were the main destinations of orthopedic prosthetics exports from Indonesia, together comprising 86% of total exports. Pakistan, Singapore, the Philippines and the United States lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +616.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exports from Indonesia, comprising 59% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 18% share of total exports. It was followed by Thailand, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled +51.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+233.0% per year) and Thailand (+72.6% per year).

Export Prices by Country

In 2022, the average orthopedic prosthetics export price amounted to $X per unit, jumping by 89% against the previous year. In general, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of 2,348% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+38.4%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopedic Prosthetics Imports

Imports into Indonesia

In 2022, orthopedic prosthetics imports into Indonesia fell notably to X units, reducing by -37.8% on 2021 figures. Overall, imports, however, saw a noticeable expansion. The pace of growth was the most pronounced in 2014 when imports increased by 1,013%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, orthopedic prosthetics imports fell dramatically to $X in 2022. In general, imports, however, posted a resilient increase. The growth pace was the most rapid in 2013 with an increase of 821%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of orthopedic prosthetics to Indonesia, with a 47% share of total imports. Moreover, orthopedic prosthetics imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was held by China (X units), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +42.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.2% per year) and China (+5.9% per year).

In value terms, the United States ($X), Germany ($X) and China ($X) appeared to be the largest orthopedic prosthetics suppliers to Indonesia, together comprising 86% of total imports.

Among the main suppliers, Germany, with a CAGR of +21.3%, 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 average orthopedic prosthetics import price stood at $X per unit in 2022, with an increase of 27% against the previous year. Over the period under review, the import price saw a notable expansion. The growth pace was the most rapid in 2013 an increase of 828%. The import price peaked at $X per unit in 2015; however, from 2016 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 ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+37.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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