CIS: Medical Furniture Market 2024

Medical Furniture Market Size in CIS

The CIS medical furniture market shrank slightly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption continues to indicate a noticeable curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Medical Furniture Production in CIS

In value terms, medical furniture production fell slightly to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Medical Furniture Exports

Exports in CIS

In 2022, the amount of medical, surgical or veterinary furniture exported in the CIS soared to X units, growing by X% against the year before. Overall, exports posted a tangible expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, medical furniture exports surged to $X in 2022. Over the period under review, exports recorded measured growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belarus was the main exporting country with an export of about X units, which amounted to X% of total exports. Russia (X units) ranks second in terms of the total exports with a X% share, followed by Armenia (X%).

Exports from Belarus increased at an average annual rate of X% from 2012 to 2022. At the same time, Armenia (X%) and Russia (X%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. Armenia (X p.p.) and Russia (X p.p.) significantly strengthened its position in terms of the total exports, while Belarus saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Belarus ($X) remains the largest medical furniture supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports.

In Belarus, medical furniture exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Russia (X% per year) and Armenia (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, remaining constant against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per unit), while Russia ($X per unit) was amongst the lowest.

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

Medical Furniture Imports

Imports in CIS

In 2022, purchases abroad of medical, surgical or veterinary furniture decreased by X% to X units, falling for the second year in a row after four years of growth. In general, imports, however, showed a modest expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, medical furniture imports shrank to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Russia prevails in imports structure, finishing at X units, which was approx. X% of total imports in 2022. It was distantly followed by Kazakhstan (X units), making up a X% share of total imports. Armenia (X units), Uzbekistan (X units), Belarus (X units), Azerbaijan (X units), Moldova (X units) and Tajikistan (X units) held a relatively small share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of medical, surgical or veterinary furniture. At the same time, Tajikistan (X%), Uzbekistan (X%), Armenia (X%), Belarus (X%), Moldova (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. Azerbaijan experienced a relatively flat trend pattern. From 2012 to 2022, the share of Uzbekistan, Armenia, Belarus and Moldova 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, Russia ($X) constitutes the largest market for imported medical, surgical or veterinary furniture in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

In Russia, medical furniture imports decreased by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, waning by X% against the previous year. Over the period under review, the import price saw a mild reduction. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked 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 importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Armenia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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