Ireland: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in Ireland

The Irish orthopaedic appliances market was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption saw a remarkable increase. Orthopaedic appliances consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Orthopaedic Appliances Production in Ireland

In value terms, orthopaedic appliances production surged to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible descent. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Orthopaedic Appliances Exports

Exports from Ireland

In 2022, the amount of orthopaedic appliances and splints exported from Ireland fell rapidly to X tons, declining by -66.4% compared with 2021 figures. Over the period under review, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,305% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, orthopaedic appliances exports surged to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 130%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for orthopaedic appliances exports from Ireland, accounting for a 59% share of total exports. Moreover, orthopaedic appliances exports to Spain exceeded the volume sent to the second major destination, the UK (X tons), threefold. Australia (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain stood at +32.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+4.6% per year) and Australia (+283.6% per year).

In value terms, Australia ($X) emerged as the key foreign market for orthopaedic appliances and splints exports from Ireland, comprising 49% of total exports. The second position in the ranking was held by Spain ($X), with a 17% share of total exports. It was followed by Italy, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value to Australia totaled +602.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+7.2% per year) and Italy (+2.0% per year).

Export Prices by Country

In 2022, the average orthopaedic appliances export price amounted to $X per ton, picking up by 434% against the previous year. In general, the export price, however, saw a deep contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the United Arab Emirates ($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 Australia (+83.1%), while the prices for the other major destinations experienced mixed trend patterns.

Orthopaedic Appliances Imports

Imports into Ireland

In 2022, overseas purchases of orthopaedic appliances and splints increased by 265% to X tons, rising for the sixth consecutive year after two years of decline. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, orthopaedic appliances imports skyrocketed to $X in 2022. In general, imports posted a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Mexico (X tons) constituted the largest supplier of orthopaedic appliances to Ireland, with a 62% share of total imports. Moreover, orthopaedic appliances imports from Mexico exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico stood at +63.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+42.4% per year) and Germany (+45.8% per year).

In value terms, Mexico ($X) constituted the largest supplier of orthopaedic appliances and splints to Ireland, comprising 52% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Mexico amounted to +72.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+28.7% per year) and the United States (+5.7% per year).

Import Prices by Country

The average orthopaedic appliances import price stood at $X per ton in 2022, which is down by -55.4% against the previous year. Overall, the import price saw a abrupt setback. The pace of growth was the most pronounced in 2021 when the average import price increased by 32%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1,398.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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