New Zealand: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in New Zealand

The New Zealand orthopaedic appliances market fell rapidly to $X in 2022, which is down by -19.3% 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). Overall, consumption, however, recorded a tangible increase. As a result, consumption attained the peak level of $X, and then fell sharply in the following year.

Orthopaedic Appliances Exports

Exports from New Zealand

In 2022, shipments abroad of orthopaedic appliances and splints was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a abrupt decline. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

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

Exports by Country

Australia (X tons), the United States (X tons) and Japan (X tons) were the main destinations of orthopaedic appliances exports from New Zealand, with a combined 78% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +73.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the United States ($X) and China ($X) were the largest markets for orthopaedic appliances exported from New Zealand worldwide, together comprising 84% of total exports. Japan, Denmark, the UK, the Netherlands, Switzerland, Singapore and Brazil lagged somewhat behind, together comprising a further 12%.

Among the main countries of destination, Japan, with a CAGR of +57.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average orthopaedic appliances export price stood at $X per ton in 2022, reducing by -6.1% against the previous year. Overall, the export price, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 an increase of 41% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

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 ($X per ton), while the average price for exports to Brazil ($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 Denmark (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopaedic Appliances Imports

Imports into New Zealand

In 2022, the amount of orthopaedic appliances and splints imported into New Zealand fell remarkably to X tons, dropping by -15.6% against 2021 figures. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 89% against the previous year. As a result, imports reached the peak of X tons, and then reduced notably in the following year.

In value terms, orthopaedic appliances imports shrank remarkably to $X in 2022. Overall, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 87%. As a result, imports attained the peak of $X, and then fell remarkably in the following year.

Imports by Country

The United States (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of orthopaedic appliances imports to New Zealand, with a combined 64% share of total imports. Switzerland, Taiwan (Chinese), Iceland, Australia, Germany and the UK lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iceland (with a CAGR of +580,600.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Switzerland ($X) constituted the largest orthopaedic appliances suppliers to New Zealand, together accounting for 79% of total imports. Australia, Taiwan (Chinese), Germany, Vietnam, the UK and Iceland lagged somewhat behind, together accounting for a further 12%.

Iceland, with a CAGR of +479,123.8%, saw the highest rates of growth with regard to 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

The average orthopaedic appliances import price stood at $X per ton in 2022, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +5.1%. The growth pace was the most rapid in 2014 an increase of 43%. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 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 ($X per ton), while the price for Iceland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+30.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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