Report Update Nov 1, 2024

Iraq - Orthopaedic Appliances and Splints - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in Iraq

In 2022, the Iraqi orthopaedic appliances market increased by 13% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption saw significant growth. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Orthopaedic Appliances Exports

Exports from Iraq

In 2022, after three years of decline, there was significant growth in overseas shipments of orthopaedic appliances and splints, when their volume increased by 209% to X kg. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 3,996%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, orthopaedic appliances exports soared to $X in 2022. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2018 when exports increased by 11,492% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X kg) was the main destination for orthopaedic appliances exports from Iraq, with a 76% share of total exports. Moreover, orthopaedic appliances exports to Turkey exceeded the volume sent to the second major destination, the United States (X kg), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Turkey totaled +26.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and the Netherlands (-55.7% per year).

In value terms, Turkey ($X) remains the key foreign market for orthopaedic appliances and splints exports from Iraq, comprising 74% of total exports. The second position in the ranking was taken by the United States ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Turkey amounted to +30.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and the Netherlands (-63.6% per year).

Export Prices by Country

In 2022, the average orthopaedic appliances export price amounted to $X per ton, growing by 37% against the previous year. Overall, the export price showed a notable expansion. The growth pace was the most rapid in 2018 when the average export price increased by 183%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Turkey ($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 Turkey (+3.0%), while the prices for the other major destinations experienced a decline.

Orthopaedic Appliances Imports

Imports into Iraq

In 2022, supplies from abroad of orthopaedic appliances and splints increased by 73% to X tons, rising for the second year in a row after two years of decline. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 147% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, orthopaedic appliances imports dropped markedly to $X in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 410% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

China (X tons), Turkey (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of orthopaedic appliances imports to Iraq, together comprising 84% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +36.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest orthopaedic appliances suppliers to Iraq were Turkey ($X), China ($X) and Germany ($X), with a combined 43% share of total imports.

Among the main suppliers, China, with a CAGR of +31.5%, 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

In 2022, the average orthopaedic appliances import price amounted to $X per ton, which is down by -59% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 106%. The import price peaked at $X per ton in 2021, and then declined significantly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+981.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for orthopaedic appliances and splints in the world?

The country with the largest volume of orthopaedic appliances consumption was the United States, accounting for 49% of total volume. Moreover, orthopaedic appliances consumption in the United States exceeded the figures recorded by the second-largest consumer, China, fivefold. India ranked third in terms of total consumption with a 5.4% share.

What are the largest producers of orthopaedic appliances and splints in the world?

The country with the largest volume of orthopaedic appliances production was China, comprising approx. 38% of total volume. Moreover, orthopaedic appliances production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The third position in this ranking was occupied by the United States, with a 5.5% share.

What are the leading suppliers of orthopaedic appliances and splints to Iraq?

In value terms, Germany constituted the largest supplier of orthopaedic appliances to Iraq, comprising 70% of total imports. The second position in the ranking was occupied by Turkey, with a 10% share of total imports. It was followed by Switzerland, with an 8.8% share.

What is the average import price for orthopaedic appliances and splints in Iraq?

The average orthopaedic appliances import price stood at $147,938 per ton in 2021, rising by 152% against the previous year.

This report provides an in-depth analysis of the orthopaedic appliances market in Iraq. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32502239 - Orthopaedic appliances, splints and other fracture appliances

Country coverage:

Iraq

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iraq
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023