Turkey: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in Turkey

The Turkish orthopaedic appliances market fell notably to $X in 2022, waning by -26.5% against the previous year. Overall, consumption, however, posted strong growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Orthopaedic Appliances Production in Turkey

In value terms, orthopaedic appliances production fell to $X in 2022 estimated in export price. Overall, production, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 91% against the previous year. Orthopaedic appliances production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Orthopaedic Appliances Exports

Exports from Turkey

Orthopaedic appliances exports from Turkey was estimated at X tons in 2022, picking up by 7.3% against 2021 figures. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 51%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, orthopaedic appliances exports surged to $X in 2022. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +9.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 37% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Iraq (X tons), Romania (X tons) and the United States (X tons) were the main destinations of orthopaedic appliances exports from Turkey, together comprising 23% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +34.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for orthopaedic appliances exported from Turkey were the United States ($X), Germany ($X) and Georgia ($X), together comprising 19% of total exports.

Georgia, with a CAGR of +27.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, picking up by 9.1% against the previous year. Over the period under review, the export price, however, saw a perceptible setback. The growth pace was the most rapid in 2021 an increase of 9.3%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Libya ($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 Georgia (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopaedic Appliances Imports

Imports into Turkey

In 2022, overseas purchases of orthopaedic appliances and splints increased by 50% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, orthopaedic appliances imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 53% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of orthopaedic appliances to Turkey, accounting for a 61% share of total imports. Moreover, orthopaedic appliances imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+33.5% per year) and the United States (-7.6% per year).

In value terms, the largest orthopaedic appliances suppliers to Turkey were Mexico ($X), the United States ($X) and China ($X), together comprising 79% of total imports. Germany, Costa Rica and France lagged somewhat behind, together comprising a further 7.5%.

In terms of the main suppliers, Costa Rica, with a CAGR of +69.5%, 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, with a decrease of -18.5% against the previous year. In general, the import price showed a abrupt curtailment. The pace of growth was the most pronounced in 2021 when the average import price increased by 48%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+9.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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