Republic of Korea - Artificial Joints For Orthopedic Purposes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingOrthopedic Artificial Joints Price in South Korea - 2022
Contents:
- Orthopedic Artificial Joints Price in South Korea (CIF) - 2022
- Orthopedic Artificial Joints Price in South Korea (FOB) - 2022
- Orthopedic Artificial Joints Imports in South Korea
- Orthopedic Artificial Joints Exports in South Korea
Orthopedic Artificial Joints Price in South Korea (CIF) - 2022
In December 2022, the average orthopedic artificial joints import price amounted to $15.1 per unit, with an increase of 3.2% against the previous month. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in October 2022 when the average import price increased by 18% against the previous month. As a result, import price reached the peak level of $16.4 per unit. From November 2022 to December 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Italy ($22.7 per unit), while the price for Ireland ($12.4 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Orthopedic Artificial Joints Price in South Korea (FOB) - 2022
The average orthopedic artificial joints export price stood at $2,515 per unit in 2022, waning by -84% against the previous year. In general, the export price recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2021 an increase of 4.5%. As a result, the export price attained the peak level of $15,722 per unit, and then reduced notably in the following year.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($2,128 per unit) and Mexico ($2,125 per unit), while the average price for exports to Malaysia ($1,893 per unit) and Singapore ($1,904 per unit) were amongst the lowest.
From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-46.9%), while the prices for the other major destinations experienced a decline.
Orthopedic Artificial Joints Imports in South Korea
In 2022, approx. 51K units of artificial joints for orthopedic purposes were imported into South Korea; with an increase of 19% against the previous year. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 153%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, orthopedic artificial joints imports contracted to $88M in 2022. Over the period under review, imports, however, recorded a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 1.4% against the previous year. Imports peaked at $107M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Orthopedic Artificial Joints in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
United States | 25.8 | 28.0 | 20.4 | -11.1% | |
Netherlands | 0.1 | 0.1 | 10.3 | 914.9% | |
Germany | 6.1 | 5.6 | 6.0 | -0.8% | |
Singapore | N/A | N/A | 5.5 | 0% | |
Belgium | 7.1 | 5.5 | 5.0 | -16.1% | |
Italy | 2.6 | 3.0 | 2.8 | 3.8% | |
Ireland | 10.7 | 11.7 | 2.5 | -51.7% | |
Others | 34.5 | 34.1 | 35.0 | 0.7% | |
Total | 86.9 | 88.1 | 87.5 | 0.3% |
Top Suppliers of Orthopedic Artificial Joints to South Korea in 2022:
- United States (11.9K units)
- Netherlands (11.8K units)
- Germany (6.8K units)
- Singapore (6.3K units)
- Belgium (5.7K units)
- Italy (3.2K units)
- Ireland (2.8K units)
Orthopedic Artificial Joints Exports in South Korea
In 2022, the amount of artificial joints for orthopedic purposes exported from South Korea surged to 5.2K units, jumping by 712% on the previous year's figure. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, orthopedic artificial joints exports surged to $13M in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $16M in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
Export of Orthopedic Artificial Joints in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
United States | 4,504 | 3,294 | 3,003 | -18.3% | |
Singapore | 154 | 10.1 | 1,325 | 193.3% | |
United Arab Emirates | 1,004 | 758 | 653 | -19.4% | |
Mexico | 945 | 643 | 591 | -20.9% | |
Turkey | 574 | 517 | 532 | -3.7% | |
Indonesia | 749 | 248 | 474 | -20.4% | |
Mongolia | 707 | 289 | 388 | -25.9% | |
China | 690 | 447 | 386 | -25.2% | |
Thailand | 906 | 130 | 366 | -36.4% | |
Italy | 118 | 126 | 362 | 75.2% | |
Vietnam | 704 | 166 | 362 | -28.3% | |
Malaysia | 708 | 105 | 314 | -33.4% | |
Myanmar | 278 | 210 | 181 | -19.3% | |
Others | 3,920 | 3,040 | 4,035 | 1.5% | |
Total | 15,962 | 9,984 | 12,973 | -9.8% |
Top Export Markets for Orthopedic Artificial Joints from South Korea in 2022:
- United States (1576.0 units)
- Singapore (696.0 units)
- United Arab Emirates (307.0 units)
- Mexico (278.0 units)
- Turkey (251.0 units)
- Indonesia (223.0 units)
- Mongolia (183.0 units)
- China (182.0 units)
- Thailand (173.0 units)
- Italy (171.0 units)
- Vietnam (171.0 units)
- Malaysia (166.0 units)
- Myanmar (86.0 units)
This report provides an in-depth analysis of the orthopedic artificial joints market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32502235 - Artificial joints
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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