Belgium - Artificial Parts Of The Body (Excl. Artificial Teeth And Dental Fittings And Artificial Joints) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingOrthopedic Prosthetics Price in Belgium - 2023
Contents:
- Orthopedic Prosthetics Price in Belgium (FOB) - 2023
- Orthopedic Prosthetics Price in Belgium (CIF) - 2022
- Orthopedic Prosthetics Exports in Belgium
- Orthopedic Prosthetics Imports in Belgium
Orthopedic Prosthetics Price in Belgium (FOB) - 2023
In July 2023, the average orthopedic prosthetics export price amounted to $11.6 per unit, picking up by 54% against the previous month. Overall, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($42.8 per unit), while the average price for exports to Lebanon ($2.1 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Orthopedic Prosthetics Price in Belgium (CIF) - 2022
The average orthopedic prosthetics import price stood at $5.1 per unit in 2022, increasing by 13% against the previous year. In general, the import price, however, showed a pronounced setback. The pace of growth appeared the most rapid in 2015 when the average import price increased by 41%. As a result, import price attained the peak level of $8.2 per unit. From 2016 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($15 per unit), while the price for Germany ($2.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Orthopedic Prosthetics Exports in Belgium
After three years of growth, overseas shipments of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) decreased by -18.7% to 115M units in 2022. The total export volume increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. The exports peaked at 141M units in 2021, and then declined notably in the following year.
In value terms, orthopedic prosthetics exports contracted markedly to $1B in 2022. Overall, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 55%. Over the period under review, the exports attained the peak figure at $1.2B in 2021, and then dropped dramatically in the following year.
Export of Orthopedic Prosthetics in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 31.8 | 72.2 | 165 | 133 | 61.1% |
China | 44.6 | 155 | 132 | 90.6 | 26.6% |
Russia | 11.7 | 18.6 | 26.5 | 45.3 | 57.0% |
Spain | 35.2 | 43.1 | 56.8 | 39.0 | 3.5% |
United Kingdom | 29.4 | 28.9 | 42.2 | 34.9 | 5.9% |
Italy | 34.5 | 46.7 | 48.2 | 34.3 | -0.2% |
Australia | 18.8 | 31.8 | 41.2 | 34.1 | 22.0% |
Turkey | 10.9 | 14.8 | 31.5 | 29.7 | 39.7% |
Brazil | 11.2 | 12.7 | 30.3 | 25.9 | 32.2% |
Germany | 24.2 | 35.6 | 33.0 | 23.6 | -0.8% |
Singapore | 9.1 | 9.1 | 14.9 | 20.6 | 31.3% |
Mexico | 3.4 | 6.9 | 5.7 | 20.6 | 82.3% |
Vietnam | 8.7 | 15.9 | 11.5 | 15.9 | 22.3% |
Others | 276 | 359 | 590 | 483 | 20.5% |
Total | 550 | 851 | 1,229 | 1,031 | 23.3% |
Top Export Markets for Orthopedic Prosthetics from Belgium in 2022:
- United Kingdom (13.8M units)
- China (10.0M units)
- South Korea (8.3M units)
- Turkey (5.9M units)
- Russia (5.8M units)
- Australia (5.1M units)
- Singapore (4.7M units)
- Spain (4.6M units)
- Brazil (4.1M units)
- Italy (4.1M units)
- Vietnam (3.7M units)
- Mexico (3.3M units)
- Germany (3.2M units)
Orthopedic Prosthetics Imports in Belgium
After three years of growth, overseas purchases of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) decreased by -30.3% to 113M units in 2022. Overall, total imports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +4.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, imports reached the peak of 162M units, and then reduced notably in the following year.
In value terms, orthopedic prosthetics imports reduced markedly to $577M in 2022. In general, total imports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +4.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +14.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 37% against the previous year. As a result, imports attained the peak of $734M, and then dropped notably in the following year.
Import of Orthopedic Prosthetics in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 144 | 182 | 241 | 194 | 10.4% |
Costa Rica | 98.8 | 118 | 173 | 174 | 20.8% |
United States | 200 | 154 | 200 | 148 | -9.5% |
Ireland | 11.0 | 20.5 | 25.1 | 14.8 | 10.4% |
Germany | 4.6 | 5.3 | 7.8 | 5.5 | 6.1% |
Others | 46.9 | 54.8 | 87.4 | 40.6 | -4.7% |
Total | 505 | 535 | 734 | 577 | 4.5% |
Top Suppliers of Orthopedic Prosthetics to Belgium in 2022:
- Netherlands (47.9M units)
- Costa Rica (37.3M units)
- United States (16.9M units)
- Ireland (4.1M units)
- Germany (2.4M units)
This report provides an in-depth analysis of the orthopedic prosthetics market in Belgium. 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 32502290 - Artificial parts of the body (excluding artificial teeth and dental fittings, artificial joints, orthopaedic and fracture appliances, h eart pacemakers)
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- 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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