Serbia: Orthopaedic Appliances Market 2024

Orthopaedic Appliances Market Size in Serbia

The Serbian orthopaedic appliances market reduced to $X in 2022, dropping by X% against the previous year. In general, the total consumption indicated perceptible 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 at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Orthopaedic Appliances Production in Serbia

In value terms, orthopaedic appliances production reduced to $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable expansion 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Orthopaedic appliances production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Orthopaedic Appliances Exports

Exports from Serbia

In 2022, shipments abroad of orthopaedic appliances and splints increased by X% to X units, rising for the second year in a row after three years of decline. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, orthopaedic appliances exports totaled $X in 2022. Overall, exports saw prominent growth. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X units) was the main destination for orthopaedic appliances exports from Serbia, with a X% share of total exports. Moreover, orthopaedic appliances exports to Sweden exceeded the volume sent to the second major destination, Germany (X units), more than tenfold. Montenegro (X units) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for orthopaedic appliances exported from Serbia were Sweden ($X), Germany ($X) and Montenegro ($X), with a combined X% share of total exports.

Among the main countries of destination, Sweden, 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

In 2022, the average orthopaedic appliances export price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price faced a abrupt setback. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

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 France ($X per unit), while the average price for exports to Sweden ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopaedic Appliances Imports

Imports into Serbia

In 2022, supplies from abroad of orthopaedic appliances and splints decreased by X% to X units, falling for the second year in a row after three years of growth. In general, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, orthopaedic appliances imports expanded remarkably to $X in 2022. Over the period under review, imports, however, saw a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X units), Greece (X units) and Turkey (X units) were the main suppliers of orthopaedic appliances imports to Serbia, together comprising X% of total imports. Germany, Taiwan (Chinese), Italy and the Czech Republic lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest orthopaedic appliances suppliers to Serbia were China ($X), Germany ($X) and Turkey ($X), with a combined X% share of total imports. Taiwan (Chinese), the Czech Republic, Greece and Italy lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the Czech Republic, 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, growing by X% against the previous year. Over the period under review, the import price, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average 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 Germany ($X per unit), while the price for Greece ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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