Morocco: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Morocco

The Moroccan orthopedic prosthetics market shrank to $X in 2022, waning by -14.9% 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 strong growth from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +67.8% against 2020 indices. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Orthopedic Prosthetics Exports

Exports from Morocco

In 2022, shipments abroad of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) increased by 98% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2015 when exports increased by 193% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, orthopedic prosthetics exports surged to $X in 2022. Overall, exports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2015 when exports increased by 187% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

France (X units), Cote d'Ivoire (X units) and Mauritania (X units) were the main destinations of orthopedic prosthetics exports from Morocco, together accounting for 99% 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 Cote d'Ivoire (with a CAGR of +162.5%), while the other leaders experienced a decline.

In value terms, France ($X), Cote d'Ivoire ($X) and Mauritania ($X) were the largest markets for orthopedic prosthetics exported from Morocco worldwide, with a combined 97% share of total exports.

Cote d'Ivoire, with a CAGR of +221.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average orthopedic prosthetics export price stood at $X per unit in 2022, reducing by -33.9% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 97%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to Mauritania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+22.4%), while the prices for the other major destinations experienced a decline.

Orthopedic Prosthetics Imports

Imports into Morocco

In 2022, imports of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) into Morocco shrank markedly to X units, which is down by -16.1% on the previous year. Overall, imports, however, enjoyed a tangible increase. The most prominent rate of growth was recorded in 2021 with an increase of 82% against the previous year. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, orthopedic prosthetics imports reduced to $X in 2022. In general, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 +44.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 63%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, India (X units) constituted the largest supplier of orthopedic prosthetics to Morocco, accounting for a 44% share of total imports. Moreover, orthopedic prosthetics imports from India exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was held by Germany (X units), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at +19.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.5% per year) and Germany (-5.8% per year).

In value terms, the largest orthopedic prosthetics suppliers to Morocco were Ireland ($X), the United States ($X) and India ($X), with a combined 68% share of total imports.

India, with a CAGR of +38.5%, saw 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

The average orthopedic prosthetics import price stood at $X per unit in 2022, picking up by 5.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 41%. Over the period under review, average import prices reached the peak figure at $X per unit in 2020; however, from 2021 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 Ireland ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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