SADC: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in SADC

For the fourth consecutive year, the SADC orthopaedic appliances market recorded growth in sales value, which increased by 19% to $X in 2022. The total consumption indicated strong growth from 2012 to 2022: its value 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, consumption increased by +91.4% against 2016 indices. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Orthopaedic Appliances Production in SADC

In value terms, orthopaedic appliances production rose modestly to $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 58%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Orthopaedic Appliances Exports

Exports in SADC

In 2022, overseas shipments of orthopaedic appliances and splints increased by 66% to X tons, rising for the second year in a row after two years of decline. Overall, exports posted strong growth. The pace of growth appeared the most rapid in 2018 with an increase of 279% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, orthopaedic appliances exports soared to $X in 2022. In general, exports posted a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of 462% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, reaching X tons, which was near 92% of total exports in 2022. It was distantly followed by Madagascar (X tons), generating a 6.4% share of total exports.

Exports from South Africa increased at an average annual rate of +6.9% from 2012 to 2022. At the same time, Madagascar (+55.1%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing exporter exported in SADC, with a CAGR of +55.1% from 2012-2022. While the share of Madagascar (+6.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (-4.6 p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest orthopaedic appliances supplier in SADC, comprising 85% of total exports. The second position in the ranking was held by Madagascar ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled +13.6%.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, dropping by -21.3% against the previous year. Overall, the export price, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2014 an increase of 72%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Madagascar ($X per ton), while South Africa amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+13.6%).

Orthopaedic Appliances Imports

Imports in SADC

In 2022, supplies from abroad of orthopaedic appliances and splints increased by 39% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, orthopaedic appliances imports rose sharply to $X in 2022. Total imports indicated a buoyant 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, imports increased by +23.8% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 21% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

South Africa was the major importer of orthopaedic appliances and splints in SADC, with the volume of imports resulting at X tons, which was approx. 57% of total imports in 2022. It was distantly followed by Botswana (X tons), Tanzania (X tons) and Namibia (X tons), together making up a 27% share of total imports. Zambia (X tons), Angola (X tons) and Mauritius (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to orthopaedic appliances imports into South Africa stood at +3.3%. At the same time, Botswana (+78.0%), Zambia (+21.1%), Tanzania (+13.9%), Namibia (+12.8%) and Mauritius (+7.9%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing importer imported in SADC, with a CAGR of +78.0% from 2012-2022. By contrast, Angola (-6.7%) illustrated a downward trend over the same period. While the share of Botswana (+15 p.p.), Tanzania (+3.6 p.p.), Zambia (+3.1 p.p.) and Namibia (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Angola (-7.5 p.p.) and South Africa (-15.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported orthopaedic appliances and splints in SADC, comprising 86% of total imports. The second position in the ranking was held by Botswana ($X), with a 4.2% share of total imports. It was followed by Namibia, with a 3.9% share.

In South Africa, orthopaedic appliances imports expanded at an average annual rate of +4.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Botswana (+88.3% per year) and Namibia (+21.5% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, waning by -18.6% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 24%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform