ECOWAS: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in ECOWAS

The ECOWAS orthopaedic appliances market dropped modestly to $X in 2022, which is down by X% against the previous year. In general, consumption showed a resilient increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Orthopaedic Appliances Production in ECOWAS

In value terms, orthopaedic appliances production contracted to $X in 2022 estimated in export price. Overall, production, however, posted a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Orthopaedic Appliances Exports

Exports in ECOWAS

In 2022, shipments abroad of orthopaedic appliances and splints was finally on the rise to reach X units after three years of decline. Over the period under review, exports enjoyed strong growth. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, orthopaedic appliances exports soared to $X in 2022. In general, exports continue to indicate a pronounced increase. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Togo dominates exports structure, amounting to X units, which was near X% of total exports in 2022. Niger (X units) ranks second in terms of the total exports with a X% share, followed by Sierra Leone (X%) and Burkina Faso (X%). Senegal (X units) and Ghana (X units) held a minor share of total exports.

Togo was also the fastest-growing in terms of the orthopaedic appliances and splints exports, with a CAGR of X% from 2012 to 2022. At the same time, Niger (X%), Sierra Leone (X%) and Ghana (X%) displayed positive paces of growth. Burkina Faso experienced a relatively flat trend pattern. By contrast, Senegal (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Togo, Sierra Leone, Niger and Burkina Faso increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Togo ($X), Sierra Leone ($X) and Niger ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Sierra Leone, with a CAGR of X%, recorded the highest growth rate of 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 export price in ECOWAS stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sierra Leone ($X per unit), while Senegal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sierra Leone (X%), while the other leaders experienced mixed trends in the export price figures.

Orthopaedic Appliances Imports

Imports in ECOWAS

In 2022, the amount of orthopaedic appliances and splints imported in ECOWAS skyrocketed to X units, rising by X% against the previous year's figure. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, orthopaedic appliances imports soared to $X in 2022. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2013 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Nigeria dominates imports structure, finishing at X units, which was near X% of total imports in 2022. It was distantly followed by Ghana (X units), achieving a X% share of total imports. Cote d'Ivoire (X units) held a minor share of total imports.

Nigeria was also the fastest-growing in terms of the orthopaedic appliances and splints imports, with a CAGR of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) and Ghana (X%) displayed positive paces of growth. While the share of Nigeria (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Cote d'Ivoire (X p.p.) and Ghana (X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported orthopaedic appliances and splints in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, dropping by X% against the previous year. In general, the import price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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