Malaysia: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in Malaysia

The Malaysian orthopaedic appliances market expanded significantly to $X in 2022, growing by 5.6% against the previous year. In general, consumption saw a prominent expansion. Orthopaedic appliances consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Orthopaedic Appliances Production in Malaysia

In value terms, orthopaedic appliances production stood at $X in 2022 estimated in export price. Overall, production recorded strong growth. The pace of growth was the most pronounced in 2014 with an increase of 80% against the previous year. Orthopaedic appliances production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Orthopaedic Appliances Exports

Exports from Malaysia

In 2022, orthopaedic appliances exports from Malaysia surged to X tons, increasing by 16% compared with the previous year. In general, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2013 when exports increased by 93%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, orthopaedic appliances exports surged to $X in 2022. Overall, exports continue to indicate prominent growth. The growth pace was the most rapid in 2020 with an increase of 168%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for orthopaedic appliances exports from Malaysia, with a 80% share of total exports. Moreover, orthopaedic appliances exports to the United States exceeded the volume sent to the second major destination, Singapore (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+9.1% per year) and the Netherlands (+29.9% per year).

In value terms, the United States ($X) remains the key foreign market for orthopaedic appliances and splints exports from Malaysia, comprising 72% of total exports. The second position in the ranking was taken by Singapore ($X), with a 7.1% share of total exports. It was followed by the United Arab Emirates, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+8.4% per year) and the United Arab Emirates (+28.8% per year).

Export Prices by Country

The average orthopaedic appliances export price stood at $X per ton in 2022, with an increase of 6.4% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price 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, orthopaedic appliances export price decreased by -0.8% against 2020 indices. The growth pace was the most rapid in 2020 an increase of 69%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to the United States ($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 United Arab Emirates (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopaedic Appliances Imports

Imports into Malaysia

In 2022, the amount of orthopaedic appliances and splints imported into Malaysia reduced dramatically to X tons, with a decrease of -18.7% on the year before. In general, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +9.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +12.0% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 54% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then dropped sharply in the following year.

In value terms, orthopaedic appliances imports dropped to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.0% against 2017 indices. The pace of growth was the most pronounced in 2014 with an increase of 40% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest orthopaedic appliances supplier to Malaysia, with a 60% share of total imports. Moreover, orthopaedic appliances imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. The third position in this ranking was held by India (X tons), with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.4% per year) and India (+12.2% per year).

In value terms, the largest orthopaedic appliances suppliers to Malaysia were China ($X), the United States ($X) and Singapore ($X), together comprising 50% of total imports.

Singapore, with a CAGR of +19.7%, recorded the highest growth rate of the value of imports, among 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, picking up by 12% against the previous year. Overall, the import price, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2020 an increase of 21% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 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 Germany (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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