Russian Federation: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in the Russian Federation

The Russian orthopaedic appliances market expanded rapidly to $X in 2022, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated strong growth 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. Based on 2022 figures, consumption increased by X% against 2020 indices. Orthopaedic appliances consumption peaked in 2022 and is expected to retain growth in the immediate term.

Orthopaedic Appliances Exports

Exports from the Russian Federation

In 2022, after seven years of growth, there was significant decline in shipments abroad of orthopaedic appliances and splints, when their volume decreased by X% to X units. Over the period under review, exports, however, posted a pronounced increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then reduced dramatically in the following year.

In value terms, orthopaedic appliances exports shrank markedly to $X in 2022. Overall, exports showed a noticeable contraction. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted markedly in the following year.

Exports by Country

Kazakhstan (X units) was the main destination for orthopaedic appliances exports from Russia, with a X% share of total exports. Moreover, orthopaedic appliances exports to Kazakhstan exceeded the volume sent to the second major destination, Uzbekistan (X units), more than tenfold. The third position in this ranking was taken by Kyrgyzstan (X units), with a X% share.

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

In value terms, Kazakhstan ($X) emerged as the key foreign market for orthopaedic appliances and splints exports from Russia, comprising X% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total exports. It was followed by Kyrgyzstan, with a X% share.

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

Export Prices by Country

In 2022, the average orthopaedic appliances export price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price recorded a abrupt descent. The growth pace was the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Armenia ($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 Belarus (X%), while the prices for the other major destinations experienced a decline.

Orthopaedic Appliances Imports

Imports into the Russian Federation

In 2022, imports of orthopaedic appliances and splints into Russia dropped modestly to X units, waning by X% compared with the previous year's figure. Overall, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then shrank in the following year.

In value terms, orthopaedic appliances imports surged to $X in 2022. In general, total imports indicated resilient growth 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. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest orthopaedic appliances supplier to Russia, with a X% share of total imports. Moreover, orthopaedic appliances imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. Poland (X units) ranked third in terms of total imports with a X% share.

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

In value terms, the United States ($X), the Netherlands ($X) and China ($X) constituted the largest orthopaedic appliances suppliers to Russia, with a combined X% share of total imports. Belgium, Germany, Poland, Turkey and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Poland, with a CAGR of X%, saw 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

In 2022, the average orthopaedic appliances import price amounted to $X per unit, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 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 Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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