Slovakia: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in Slovakia

For the third year in a row, the Slovak orthopaedic appliances market recorded decline in sales value, which decreased by -4% to $X in 2022. The market value increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Orthopaedic appliances consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Orthopaedic Appliances Production in Slovakia

In value terms, orthopaedic appliances production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% 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 2013 when the production volume increased by 34% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Orthopaedic Appliances Exports

Exports from Slovakia

In 2022, approx. X tons of orthopaedic appliances and splints were exported from Slovakia; shrinking by -58% on 2021 figures. In general, exports continue to indicate a slight decline. The growth pace was the most rapid in 2016 when exports increased by 199%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then shrank significantly in the following year.

In value terms, orthopaedic appliances exports reduced remarkably to $X in 2022. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 when exports increased by 204% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank sharply in the following year.

Exports by Country

Japan (X tons), the Czech Republic (X tons) and Ukraine (X kg) were the main destinations of orthopaedic appliances exports from Slovakia, together comprising 54% of total exports.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +136.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for orthopaedic appliances exported from Slovakia were the Czech Republic ($X), the UK ($X) and Switzerland ($X), together comprising 55% of total exports. The United States, Taiwan (Chinese), Japan, Ukraine, Austria and Italy lagged somewhat behind, together comprising a further 28%.

Among the main countries of destination, Ukraine, with a CAGR of +120.4%, recorded the highest rates of growth with regard to 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, dropping by -29.1% against the previous year. Over the period under review, the export price showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 an increase of 39% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 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 Austria ($X per ton), while the average price for exports to Ukraine ($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 United States (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopaedic Appliances Imports

Imports into Slovakia

Orthopaedic appliances imports into Slovakia shrank to X tons in 2022, with a decrease of -14.4% compared with the previous year. In general, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.4% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of 62% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, orthopaedic appliances imports reduced rapidly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 20%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of orthopaedic appliances to Slovakia, with a 44% share of total imports. Moreover, orthopaedic appliances imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. The third position in this ranking was taken by Poland (X tons), with a 7% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.9% per year) and Poland (+28.7% per year).

In value terms, the largest orthopaedic appliances suppliers to Slovakia were the United States ($X), Switzerland ($X) and Mexico ($X), together accounting for 63% of total imports.

Mexico, with a CAGR of +45.3%, saw the highest growth rate of the value of imports, among the main suppliers 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, shrinking by -6.5% against the previous year. Over the period under review, the import price showed a abrupt decrease. The pace of growth appeared the most rapid in 2019 when the average import price increased by 18% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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