Romania: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in Romania

The Romanian orthopaedic appliances market contracted notably to $X in 2022, with a decrease of -18% against the previous year. In general, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Orthopaedic Appliances Production in Romania

In value terms, orthopaedic appliances production contracted dramatically to $X in 2022 estimated in export price. Overall, production continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2013 when the production volume increased by 50%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Orthopaedic Appliances Exports

Exports from Romania

In 2022, overseas shipments of orthopaedic appliances and splints were finally on the rise to reach X tons after three years of decline. Overall, exports posted a perceptible increase. The growth pace was the most rapid in 2016 with an increase of 38% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, orthopaedic appliances exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 57%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons), Germany (X tons) and the United States (X tons) were the main destinations of orthopaedic appliances exports from Romania, together comprising 92% 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 United States (with a CAGR of +124.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the United States ($X) were the largest markets for orthopaedic appliances exported from Romania worldwide, with a combined 91% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +89.9%, 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

In 2022, the average orthopaedic appliances export price amounted to $X per ton, growing by 15% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, orthopaedic appliances export price increased by +64.5% against 2014 indices. The pace of growth appeared the most rapid in 2021 an increase of 33%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France ($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 Germany (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.

Orthopaedic Appliances Imports

Imports into Romania

In 2022, overseas purchases of orthopaedic appliances and splints increased by 18% to X tons, rising for the second year in a row after two years of decline. In general, imports posted resilient growth. The pace of growth was the most pronounced in 2014 when imports increased by 82%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, orthopaedic appliances imports rose to $X in 2022. Overall, imports saw a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by 42%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Turkey (X tons) and Germany (X tons) were the main suppliers of orthopaedic appliances imports to Romania, together comprising 62% of total imports. Italy, France, Hungary, Spain and the Netherlands lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +43.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of orthopaedic appliances and splints to Romania, comprising 35% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by China, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled +45.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.3% per year) and China (+17.3% per year).

Import Prices by Country

The average orthopaedic appliances import price stood at $X per ton in 2022, shrinking by -11.7% against the previous year. Over the period under review, the import price showed a noticeable downturn. The pace of growth appeared the most rapid in 2019 an increase of 21% against the previous year. The import price peaked 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 Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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