Portugal: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in Portugal

After two years of growth, the Portuguese orthopaedic appliances market decreased by -33.1% to $X in 2022. In general, consumption saw a noticeable shrinkage. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Orthopaedic Appliances Production in Portugal

In value terms, orthopaedic appliances production soared to $X in 2022 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +62.2% against 2020 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Orthopaedic Appliances Exports

Exports from Portugal

In 2022, shipments abroad of orthopaedic appliances and splints increased by 37% to X tons, rising for the second year in a row after three years of decline. In general, exports saw resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 51%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, orthopaedic appliances exports expanded significantly to $X in 2022. Over the period under review, exports saw a resilient increase. The pace of growth appeared the most rapid in 2019 when exports increased by 55% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Spain (X tons), the Netherlands (X tons) and the UK (X tons) were the main destinations of orthopaedic appliances exports from Portugal, with a combined 67% share of total exports. Belgium, Brazil, France, Poland, Angola, Norway, Italy and Sweden lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +205.0%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for orthopaedic appliances and splints exports from Portugal, comprising 52% of total exports. The second position in the ranking was taken by Spain ($X), with a 12% share of total exports. It was followed by the UK, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at +21.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+7.3% per year) and the UK (+35.8% per year).

Export Prices by Country

The average orthopaedic appliances export price stood at $X per ton in 2022, which is down by -19% against the previous year. Overall, the export price, however, showed a slight expansion. The pace of growth appeared the most rapid in 2019 an increase of 62% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Poland ($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 UK (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopaedic Appliances Imports

Imports into Portugal

In 2022, overseas purchases of orthopaedic appliances and splints increased by 6.9% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 42% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, orthopaedic appliances imports stood at $X in 2022. In general, imports saw prominent growth. The pace of growth was the most pronounced in 2018 when imports increased by 35%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of orthopaedic appliances to Portugal, accounting for a 54% share of total imports. Moreover, orthopaedic appliances imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. France (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.5% per year) and France (+0.1% per year).

In value terms, Spain ($X), the Netherlands ($X) and Germany ($X) were the largest orthopaedic appliances suppliers to Portugal, together comprising 86% of total imports. Italy, France, China, Brazil, Sweden and the UK lagged somewhat behind, together comprising a further 10%.

Among the main suppliers, China, with a CAGR of +26.7%, recorded the highest growth rate of 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, dropping by -3.9% against the previous year. Over the period under review, the import price, however, continues to indicate a temperate expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by 44% against the previous year. The import price peaked at $X per ton in 2021, and then shrank modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+45.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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