Report Update: Apr 1, 2024

Spain - Artificial Joints For Orthopedic Purposes - Market Analysis, Forecast, Size, Trends and Insights

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Orthopedic Artificial Joints Price in Spain - 2023

Orthopedic Artificial Joints Price in Spain (CIF) - 2022

In 2022, the average orthopedic artificial joints import price amounted to $8 per unit, approximately mirroring the previous year. Overall, the import price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 an increase of 58%. Over the period under review, average import prices reached the maximum at $21 per unit in 2015; however, from 2016 to 2022, 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 Switzerland ($33 per unit), while the price for the Netherlands ($5.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Orthopedic Artificial Joints Price in Spain (FOB) - 2023

In October 2023, the average orthopedic artificial joints export price amounted to $18.6 per unit, rising by 20% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 82% m-o-m. Over the period under review, the average export prices hit record highs at $21.2 per unit in May 2023; however, from June 2023 to October 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was France ($39.7 per unit), while the average price for exports to Italy ($14.5 per unit) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopedic Artificial Joints Imports in Spain

In 2022, after three years of growth, there was significant decline in purchases abroad of artificial joints for orthopedic purposes, when their volume decreased by -8.2% to 26M units. Overall, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 107%. As a result, imports reached the peak of 28M units, and then declined in the following year.

In value terms, orthopedic artificial joints imports fell to $205M in 2022. Over the period under review, imports recorded a slight descent. The growth pace was the most rapid in 2021 when imports increased by 32%. As a result, imports reached the peak of $222M, and then shrank in the following year.

Import of Orthopedic Artificial Joints in Spain (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	4.5	79.8	117	113	192.8%
Belgium	0.4	24.8	39.8	27.3	308.7%
Germany	40.6	18.4	18.6	18.0	-23.7%
France	24.1	20.5	17.1	17.7	-9.8%
United States	83.8	7.8	11.4	13.0	-46.3%
Ireland	20.5	5.9	8.3	7.6	-28.2%
Switzerland	18.3	2.1	1.9	0.6	-68.0%
Others	24.4	9.4	8.4	7.9	-31.3%
Total	217	169	222	205	-1.9%

Top Suppliers of Orthopedic Artificial Joints to Spain in 2022:

Netherlands (20.5M units)
Belgium (1.5M units)
Germany (1.2M units)
France (0.6M units)
United States (0.6M units)
Ireland (0.6M units)

Orthopedic Artificial Joints Exports in Spain

In 2022, after three years of growth, there was decline in overseas shipments of artificial joints for orthopedic purposes, when their volume decreased by -1.5% to 3M units. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +18.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. As a result, the exports reached the peak of 3M units, and then declined slightly in the following year.

In value terms, orthopedic artificial joints exports amounted to $37M in 2022. The total export value increased at an average annual rate of +8.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 30%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Export of Orthopedic Artificial Joints in Spain (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Portugal	15.0	11.8	15.0	13.4	-3.7%
Netherlands	6.3	4.4	12.3	12.1	24.3%
Belgium	0.5	3.7	1.9	1.9	56.0%
Italy	0.3	0.5	1.0	1.3	63.0%
France	0.4	1.3	0.9	1.3	48.1%
Germany	0.3	0.4	1.0	1.3	63.0%
Switzerland	2.2	1.6	0.3	0.5	-39.0%
United Kingdom	1.5	1.2	0.3	0.4	-35.6%
Morocco	0.1	0.1	0.2	0.3	44.2%
Lebanon	0.3	0.2	0.3	0.1	-30.7%
Others	2.7	2.4	2.7	4.7	20.3%
Total	29.7	27.6	35.9	37.5	8.1%

Top Export Markets for Orthopedic Artificial Joints from Spain in 2022:

Netherlands (897.4K units)
Portugal (835.9K units)
Italy (188.9K units)
Belgium (168.0K units)
France (167.6K units)
Germany (159.1K units)
Morocco (115.9K units)
Switzerland (26.1K units)
United Kingdom (25.9K units)
Lebanon (20.3K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the orthopedic artificial joints market in Spain. 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:

Spain

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Spain
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
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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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023