Costa Rica: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in Costa Rica

The Costa Rican orthopaedic appliances market stood at $X in 2022, picking up by X% against the previous year. Overall, consumption posted a buoyant increase. Orthopaedic appliances consumption peaked in 2022 and is likely to see steady growth in the near future.

Orthopaedic Appliances Production in Costa Rica

In value terms, orthopaedic appliances production stood at $X in 2022 estimated in export price. Over the period under review, production saw a significant increase. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Orthopaedic appliances production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Orthopaedic Appliances Exports

Exports from Costa Rica

In 2022, overseas shipments of orthopaedic appliances and splints decreased by X% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, orthopaedic appliances exports skyrocketed to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for orthopaedic appliances exports from Costa Rica, accounting for a X% share of total exports. Moreover, orthopaedic appliances exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Singapore (X% per year).

In value terms, the United States ($X) remains the key foreign market for orthopaedic appliances and splints exports from Costa Rica, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the average orthopaedic appliances export price amounted to $X per unit, jumping by X% against the previous year. Overall, the export price continues to indicate significant growth. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Singapore ($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 Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopaedic Appliances Imports

Imports into Costa Rica

In 2022, overseas purchases of orthopaedic appliances and splints were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated a temperate expansion from 2012 to 2022: its volume 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. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, orthopaedic appliances imports expanded remarkably to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value 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. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), the United States (X units) and Switzerland (X units) were the main suppliers of orthopaedic appliances imports to Costa Rica, together accounting for X% of total imports. Mexico, Chile and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of orthopaedic appliances and splints to Costa Rica, comprising X% of total imports. The second position in the ranking was held by Switzerland ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and Mexico (X% per year).

Import Prices by Country

The average orthopaedic appliances import price stood at $X per unit in 2022, dropping by X% against the previous year. Overall, import price indicated pronounced growth 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. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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