Norway: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in Norway

In 2022, the Norwegian orthopaedic appliances market decreased by -62.8% to $X, falling for the third year in a row after two years of growth. In general, consumption saw a deep reduction. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Orthopaedic Appliances Production in Norway

In value terms, orthopaedic appliances production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +27.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 63%. Orthopaedic appliances production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Orthopaedic Appliances Exports

Exports from Norway

For the third consecutive year, Norway recorded growth in overseas shipments of orthopaedic appliances and splints, which increased by 19% to X tons in 2022. Overall, exports continue to indicate a tangible expansion. The growth pace was the most rapid in 2017 when exports increased by 137%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, orthopaedic appliances exports reached $X in 2022. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 128% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons) was the main destination for orthopaedic appliances exports from Norway, with a 62% share of total exports. Moreover, orthopaedic appliances exports to Germany exceeded the volume sent to the second major destination, Sweden (X tons), fourfold. The third position in this ranking was taken by the Netherlands (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+52.5% per year) and the Netherlands (-3.2% per year).

In value terms, Germany ($X) remains the key foreign market for orthopaedic appliances and splints exports from Norway, comprising 51% of total exports. The second position in the ranking was held by Sweden ($X), with a 21% share of total exports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+50.5% per year) and the Netherlands (-2.0% per year).

Export Prices by Country

In 2022, the average orthopaedic appliances export price amounted to $X per ton, waning by -7.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2013 an increase of 22% against the previous year. The export price peaked at $X per ton 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 Denmark ($X per ton), while the average price for exports to Germany ($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 (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopaedic Appliances Imports

Imports into Norway

Orthopaedic appliances imports into Norway dropped to X tons in 2022, shrinking by -5.8% compared with the year before. Over the period under review, imports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 62%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, orthopaedic appliances imports declined significantly to $X in 2022. Overall, imports, however, posted notable growth. The pace of growth appeared the most rapid in 2019 with an increase of 110% against the previous year. Imports peaked at $X in 2021, and then dropped notably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of orthopaedic appliances to Norway, accounting for a 37% share of total imports. Moreover, orthopaedic appliances imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +46.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.5% per year) and Taiwan (Chinese) (+70.6% per year).

In value terms, the United States ($X), Germany ($X) and Mexico ($X) appeared to be the largest orthopaedic appliances suppliers to Norway, together comprising 53% of total imports.

Among the main suppliers, Mexico, with a CAGR of +65.3%, recorded 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, reducing by -41.7% against the previous year. Overall, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 90%. The import price peaked at $X per ton in 2012; however, from 2013 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 Switzerland ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+28.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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