Belarus: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Belarus

The Belarusian orthopedic prosthetics market soared to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable decline. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Orthopedic Prosthetics Production in Belarus

In value terms, orthopedic prosthetics production contracted to $X in 2022 estimated in export price. Overall, production showed a deep slump. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Orthopedic prosthetics production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Orthopedic Prosthetics Exports

Exports from Belarus

In 2022, overseas shipments of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) were finally on the rise to reach X units after two years of decline. Over the period under review, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, orthopedic prosthetics exports surged to $X in 2022. Overall, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for orthopedic prosthetics exports from Belarus, with a X% share of total exports. Moreover, orthopedic prosthetics exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Ukraine (X% per year).

In value terms, Russia ($X) emerged as the key foreign market for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exports from Belarus, comprising X% of total exports. The second position in the ranking was taken by Ukraine ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

In 2022, the average orthopedic prosthetics export price amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price showed a perceptible expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

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 Russia ($X per unit), while the average price for exports to Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Orthopedic Prosthetics Imports

Imports into Belarus

In 2022, overseas purchases of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, orthopedic prosthetics imports skyrocketed to $X in 2022. Overall, imports enjoyed a slight increase. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Russia (X units), Germany (X units) and Ireland (X units) were the main suppliers of orthopedic prosthetics imports to Belarus, with a combined X% share of total imports. The UK, the United States, Costa Rica and China lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest orthopedic prosthetics suppliers to Belarus were the UK ($X), Germany ($X) and Russia ($X), together accounting for X% of total imports.

In terms of the main suppliers, the UK, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average orthopedic prosthetics import price stood at $X per unit in 2022, growing by X% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, orthopedic prosthetics import price increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 UK ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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