Nigeria: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in Nigeria

After four years of growth, the Nigerien orthopaedic appliances market decreased by -2.6% to $X in 2022. In general, consumption, however, recorded significant growth. Orthopaedic appliances consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Orthopaedic Appliances Exports

Exports from Nigeria

In 2022, approx. X kg of orthopaedic appliances and splints were exported from Nigeria; which is down by -45.5% against 2021 figures. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 100% against the previous year. The exports peaked at X kg in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, orthopaedic appliances exports shrank sharply to $X in 2022. Over the period under review, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 159%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Niger (X kg), the Netherlands (X kg) and Ghana (X kg) were the main destinations of orthopaedic appliances exports from Nigeria, with a combined 67% share 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 the Netherlands (with a CAGR of +11.6%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Cote d'Ivoire ($X) constituted the largest markets for orthopaedic appliances exported from Nigeria worldwide, together accounting for 90% of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +36.2%, 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, with an increase of 27% against the previous year. Over the period under review, the export price, however, recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2017 an increase of 46% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($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 Cote d'Ivoire (+29.6%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopaedic Appliances Imports

Imports into Nigeria

In 2022, overseas purchases of orthopaedic appliances and splints decreased by -5.9% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 3,021%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, orthopaedic appliances imports totaled $X in 2022. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2013 with an increase of 2,080%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of orthopaedic appliances to Nigeria, with a 35% share of total imports. Moreover, orthopaedic appliances imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Turkey (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled +73.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+29.8% per year) and Turkey (+56.7% per year).

In value terms, India ($X) constituted the largest supplier of orthopaedic appliances and splints to Nigeria, comprising 28% of total imports. The second position in the ranking was taken by China ($X), with a 9.3% share of total imports. It was followed by Switzerland, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to +76.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+37.1% per year) and Switzerland (+70.4% per year).

Import Prices by Country

The average orthopaedic appliances import price stood at $X per ton in 2022, picking up by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 55%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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