Indonesia: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in Indonesia

The Indonesian orthopaedic appliances market rose notably to $X in 2022, surging by 14% against the previous year. Overall, consumption saw a resilient expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Orthopaedic Appliances Production in Indonesia

In value terms, orthopaedic appliances production soared to $X in 2022 estimated in export price. Over the period under review, production showed resilient growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 87% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Orthopaedic Appliances Exports

Exports from Indonesia

After three years of growth, shipments abroad of orthopaedic appliances and splints decreased by -9.6% to X tons in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 155%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, orthopaedic appliances exports declined remarkably to $X in 2022. In general, exports, however, recorded strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by 246% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X kg), Singapore (X kg) and Italy (X kg) were the main destinations of orthopaedic appliances exports from Indonesia, together accounting for 86% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +45.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for orthopaedic appliances exported from Indonesia were the Netherlands ($X), Singapore ($X) and the United States ($X), together accounting for 60% of total exports. France, India, Italy and South Korea lagged somewhat behind, together comprising a further 7.4%.

Among the main countries of destination, France, with a CAGR of +75.8%, recorded the highest rates of growth with regard to the value of exports, 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, which is down by -28.7% against the previous year. In general, the export price, however, saw a resilient increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 59% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($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 France (+30.0%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopaedic Appliances Imports

Imports into Indonesia

In 2022, approx. X tons of orthopaedic appliances and splints were imported into Indonesia; increasing by 114% against the year before. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2016 with an increase of 123% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, orthopaedic appliances imports skyrocketed to $X in 2022. Overall, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main supplier of orthopaedic appliances to Indonesia, accounting for a 92% share of total imports. It was followed by the United States (X tons), with a 2% share of total imports. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +40.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+62.7% per year) and Taiwan (Chinese) (+9.2% per year).

In value terms, the largest orthopaedic appliances suppliers to Indonesia were China ($X), the United States ($X) and Switzerland ($X), with a combined 70% share of total imports.

The United States, with a CAGR of +85.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average orthopaedic appliances import price amounted to $X per ton, waning by -10.6% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 42%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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