Pakistan: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in Pakistan

The Pakistani orthopaedic appliances market dropped sharply to $X in 2022, declining by -25% 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, consumption, however, continues to indicate a perceptible downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Orthopaedic Appliances Exports

Exports from Pakistan

In 2022, shipments abroad of orthopaedic appliances and splints was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, recorded a noticeable setback. The pace of growth appeared the most rapid in 2017 when exports increased by 926% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, orthopaedic appliances exports soared to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 1,698% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X kg), Thailand (X kg) and Turkey (X kg) were the main destinations of orthopaedic appliances exports from Pakistan.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +22.3%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Turkey ($X) were the largest markets for orthopaedic appliances exported from Pakistan worldwide.

Among the main countries of destination, Vietnam, with a CAGR of +25.1%, 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, increasing by 4.9% against the previous year. Over the period under review, the export price enjoyed noticeable growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 75% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Thailand ($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 Philippines (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopaedic Appliances Imports

Imports into Pakistan

In 2022, supplies from abroad of orthopaedic appliances and splints increased by 9.9% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2013 when imports increased by 109% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, orthopaedic appliances imports shrank rapidly to $X in 2022. In general, imports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2013 when imports increased by 118% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest orthopaedic appliances supplier to Pakistan, with a 38% share of total imports. Moreover, orthopaedic appliances imports from China exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), twofold. Iran (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+45.4% per year) and Iran (+26.4% per year).

In value terms, China ($X) constituted the largest supplier of orthopaedic appliances and splints to Pakistan, comprising 38% of total imports. The second position in the ranking was held by Switzerland ($X), with a 16% share of total imports. It was followed by Iran, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+39.3% per year) and Iran (+15.0% per year).

Import Prices by Country

The average orthopaedic appliances import price stood at $X per ton in 2022, dropping by -40.5% against the previous year. Overall, the import price saw a pronounced decline. The pace of growth appeared the most rapid in 2021 an increase of 24% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted dramatically in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United Arab Emirates ($X per ton) and China ($X per ton), while the price for the UK ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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