United Kingdom - Artificial Joints For Orthopedic Purposes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingOrthopedic Artificial Joints Price in the UK - 2023
Contents:
- Orthopedic Artificial Joints Price in the UK (FOB) - 2023
- Orthopedic Artificial Joints Price in the UK (CIF) - 2023
- Orthopedic Artificial Joints Exports in the UK
- Orthopedic Artificial Joints Imports in the UK
Orthopedic Artificial Joints Price in the UK (FOB) - 2023
In August 2023, the average orthopedic artificial joints export price amounted to $17.5 per unit, dropping by -4.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.5%. The growth pace was the most rapid in November 2022 an increase of 17% against the previous month. Over the period under review, the average export prices reached the peak figure at $18.3 per unit in July 2023, and then dropped in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($74.0 per unit), while the average price for exports to Belgium ($7.9 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.
Orthopedic Artificial Joints Price in the UK (CIF) - 2023
The average orthopedic artificial joints import price stood at $12.2 per unit in August 2023, growing by 4.6% against the previous month. Over the period under review, the import price enjoyed tangible growth. The most prominent rate of growth was recorded in February 2023 an increase of 347% month-to-month. Over the period under review, average import prices attained the maximum at $12.3 per unit in June 2023; however, from July 2023 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Switzerland ($22.2 per unit), while the price for Ireland ($10.0 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Orthopedic Artificial Joints Exports in the UK
After three years of growth, shipments abroad of artificial joints for orthopedic purposes decreased by -73.2% to 7.9K units in 2022. Overall, exports saw a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 81% against the previous year. As a result, the exports attained the peak of 30K units, and then reduced notably in the following year.
In value terms, orthopedic artificial joints exports surged to $878M in 2022. The total export value increased at an average annual rate of +4.9% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Orthopedic Artificial Joints in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United States | 337 | 433 | 531 | 25.5% | |
| Belgium | 24.5 | 29.9 | 93.6 | 95.5% | |
| Netherlands | 114 | 52.4 | 77.2 | -17.7% | |
| Germany | 14.1 | 58.5 | 54.0 | 95.7% | |
| Ireland | 113 | 45.9 | 42.4 | -38.7% | |
| Australia | 2.9 | 23.6 | 26.1 | 200.0% | |
| France | 9.7 | 14.1 | 9.4 | -1.6% | |
| China | 13.3 | 8.9 | 6.1 | -32.3% | |
| Others | 49.9 | 54.6 | 38.3 | -12.4% | |
| Total | 678 | 721 | 878 | 13.8% | |
Top Export Markets for Orthopedic Artificial Joints from the UK in 2022:
- United States (3395.0 units)
- Belgium (1198.0 units)
- Netherlands (988.0 units)
- Germany (692.0 units)
- Ireland (543.0 units)
- Australia (335.0 units)
- France (121.0 units)
- China (78.0 units)
Orthopedic Artificial Joints Imports in the UK
In 2022, supplies from abroad of artificial joints for orthopedic purposes decreased by -89.1% to 11K units for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2021 when imports increased by 165% against the previous year. As a result, imports attained the peak of 104K units, and then dropped notably in the following year.
In value terms, orthopedic artificial joints imports skyrocketed to $664M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Orthopedic Artificial Joints in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Ireland | 121 | 40.4 | 380 | 77.2% | |
| United States | 42.4 | 41.2 | 146 | 85.6% | |
| Germany | 44.7 | 41.8 | 58.6 | 14.5% | |
| France | 21.1 | 16.0 | 28.9 | 17.0% | |
| Italy | 9.2 | 6.1 | 16.2 | 32.7% | |
| Switzerland | 2.3 | 7.3 | 15.5 | 159.6% | |
| Netherlands | 82.7 | 120 | 1.0 | -89.0% | |
| Belgium | 62.2 | 93.0 | 0.3 | -93.1% | |
| Others | 14.6 | 12.7 | 17.0 | 7.9% | |
| Total | 400 | 379 | 664 | 28.8% | |
Top Suppliers of Orthopedic Artificial Joints to the UK in 2022:
- Netherlands (undefinedK units)
- Belgium (undefinedK units)
- Ireland (6.5K units)
- United States (2.5K units)
- Germany (1.0K units)
- France (0.5K units)
- Italy (0.3K units)
- Switzerland (0.3K units)
This report provides an in-depth analysis of the orthopedic artificial joints market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
-
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
504
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