Australia: Orthopedic Artificial Joints Market 2024

Orthopedic Artificial Joints Market Size in Australia

In 2022, the Australian orthopedic artificial joints market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a buoyant increase 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. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Orthopedic Artificial Joints Exports

Exports from Australia

In 2022, orthopedic artificial joints exports from Australia skyrocketed to X units, rising by X% compared with 2021 figures. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, orthopedic artificial joints exports amounted to $X in 2022. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X units) was the main destination for orthopedic artificial joints exports from Australia, accounting for a X% share of total exports. Moreover, orthopedic artificial joints exports to Belgium exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was held by Vietnam (X units), with an X% share.

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

In value terms, Belgium ($X) emerged as the key foreign market for artificial joints for orthopedic purposes exports from Australia, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Vietnam, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Vietnam (X% per year).

Export Prices by Country

The average orthopedic artificial joints export price stood at $X per unit in 2022, declining by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per unit) and Vietnam ($X per unit), while the average price for exports to France ($X per unit) and Belgium ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopedic Artificial Joints Imports

Imports into Australia

Orthopedic artificial joints imports into Australia surged to X units in 2022, growing by X% against the previous year. In general, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, orthopedic artificial joints imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

The United States (X units), Ireland (X units) and Switzerland (X units) were the main suppliers of orthopedic artificial joints imports to Australia, with a combined X% share of total imports. France, the UK, Germany, Italy and China 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 France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Ireland ($X) and Switzerland ($X) appeared to be the largest orthopedic artificial joints suppliers to Australia, with a combined X% share of total imports. France, the UK, Germany, Italy and China lagged somewhat behind, together accounting for a further X%.

Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 orthopedic artificial joints import price amounted to $X per unit, waning by X% against the previous year. Overall, the import price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per unit) and Italy ($X per unit), while the price for the UK ($X per unit) and China ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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