Kuwait: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in Kuwait

The Kuwaiti orthopaedic appliances market dropped modestly to $X in 2022, remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -17.5% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Orthopaedic Appliances Exports

Exports from Kuwait

In 2022, approx. X kg of orthopaedic appliances and splints were exported from Kuwait; jumping by 300% compared with 2021. Overall, exports showed significant growth. The growth pace was the most rapid in 2017 when exports increased by 9,493%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, orthopaedic appliances exports skyrocketed to $X in 2022. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 13,844%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for orthopaedic appliances exports from Kuwait, accounting for a 68% share of total exports. Moreover, orthopaedic appliances exports to the United Arab Emirates exceeded the volume sent to the second major destination, the Netherlands (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +48.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+31.1% per year) and Switzerland (+2.9% per year).

In value terms, the Netherlands ($X) remains the key foreign market for orthopaedic appliances and splints exports from Kuwait, comprising 88% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 7.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled +143.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+47.4% per year) and Switzerland (+0.2% per year).

Export Prices by Country

In 2022, the average orthopaedic appliances export price amounted to $X per ton, increasing by 54% against the previous year. Over the period under review, the export price saw a resilient increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 181%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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 the Netherlands ($X per ton), while the average price for exports to the United Arab Emirates ($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 the Netherlands (+85.4%), while the prices for the other major destinations experienced a decline.

Orthopaedic Appliances Imports

Imports into Kuwait

After two years of decline, supplies from abroad of orthopaedic appliances and splints increased by 9.6% to X tons in 2022. Overall, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 72%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, orthopaedic appliances imports dropped to $X in 2022. Over the period under review, imports saw mild growth. The pace of growth appeared the most rapid in 2017 with an increase of 86%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Bahrain (X tons) constituted the largest supplier of orthopaedic appliances to Kuwait, with a 80% share of total imports. Moreover, orthopaedic appliances imports from Bahrain exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), tenfold. China (X tons) ranked third in terms of total imports with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bahrain stood at +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+51.4% per year) and China (+7.5% per year).

In value terms, the largest orthopaedic appliances suppliers to Kuwait were Bahrain ($X), Switzerland ($X) and the United States ($X), together comprising 77% of total imports. The United Arab Emirates, China, India and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 7.3%.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +27.9%, saw the highest rates of growth with regard to 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, with a decrease of -18% against the previous year. Overall, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 an increase of 29% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Switzerland ($X per ton), while the price for China ($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) (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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