Colombia - 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 Colombia - 2022
Contents:
- Orthopedic Prosthetics Price in Colombia (CIF) - 2022
- Orthopedic Prosthetics Price in Colombia (FOB) - 2022
- Orthopedic Prosthetics Imports in Colombia
- Orthopedic Prosthetics Exports in Colombia
Orthopedic Prosthetics Price in Colombia (CIF) - 2022
The average orthopedic prosthetics import price stood at $4.8 per unit in February 2022, jumping by 28% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2021 an increase of 34% month-to-month. Over the period under review, average import prices reached the maximum at $5.4 per unit in February 2021; however, from March 2021 to February 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($12.7 per unit), while the price for France ($1.3 per unit) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by China (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Orthopedic Prosthetics Price in Colombia (FOB) - 2022
The average orthopedic prosthetics export price stood at $10 per unit in 2022, increasing by 18% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, orthopedic prosthetics export price decreased by -14.8% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 60%. The export price peaked at $12 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($54 per unit), while the average price for exports to France ($1.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.
Orthopedic Prosthetics Imports in Colombia
In 2022, approx. 12M units of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) were imported into Colombia; reducing by -17.1% against 2021 figures. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 60% against the previous year. As a result, imports attained the peak of 15M units, and then reduced remarkably in the following year.
In value terms, orthopedic prosthetics imports shrank markedly to $52M in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 68% against the previous year. As a result, imports attained the peak of $66M, and then reduced sharply in the following year.
Import of Orthopedic Prosthetics in Colombia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 17.5 | 11.8 | 24.4 | 21.0 | 6.3% |
Ireland | 9.7 | 10.0 | 10.5 | 7.8 | -7.0% |
Costa Rica | 6.1 | 5.5 | 10.8 | 7.3 | 6.2% |
Germany | 1.5 | 0.8 | 1.4 | 2.7 | 21.6% |
Netherlands | 3.1 | 1.8 | 1.7 | 1.6 | -19.8% |
France | 2.9 | 1.2 | 2.3 | 1.5 | -19.7% |
India | 0.9 | 0.6 | 1.6 | 1.1 | 6.9% |
China | 0.6 | 0.5 | 0.7 | 0.3 | -20.6% |
South Korea | 0.9 | 0.9 | 0.2 | 0.2 | -39.4% |
Others | 7.9 | 6.1 | 12.0 | 9.0 | 4.4% |
Total | 51.2 | 39.1 | 65.6 | 52.4 | 0.8% |
Top Suppliers of Orthopedic Prosthetics to Colombia in 2022:
- South Korea (undefinedM units)
- Costa Rica (3.3M units)
- United States (2.5M units)
- Ireland (1.9M units)
- Germany (1.0M units)
- Netherlands (0.8M units)
- France (0.8M units)
- India (0.5M units)
- China (0.1M units)
Orthopedic Prosthetics Exports in Colombia
In 2022, approx. 98K units of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) were exported from Colombia; jumping by 41% compared with 2021 figures. Over the period under review, total exports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +3.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -16.0% against 2020 indices. Over the period under review, the exports attained the maximum at 117K units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, orthopedic prosthetics exports skyrocketed to $1M in 2022. In general, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 95%. As a result, the exports reached the peak of $1.4M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Orthopedic Prosthetics in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 24.2 | 61.1 | 164 | 284 | 127.2% |
United States | 85.7 | 737 | 71.1 | 135 | 16.4% |
Italy | 11.7 | 24.8 | 65.5 | 113 | 113.0% |
Netherlands | 335 | 301 | 120 | 112 | -30.6% |
United Kingdom | 2.7 | 3.5 | 25.6 | 84.8 | 215.5% |
Costa Rica | 11.0 | 38.5 | 33.9 | 58.7 | 74.7% |
Chile | 51.8 | 5.2 | 0.2 | 16.2 | -32.1% |
France | 4.4 | 3.2 | 1.1 | 0.7 | -45.8% |
Others | 192 | 228 | 124 | 201 | 1.5% |
Total | 718 | 1,403 | 606 | 1,004 | 11.8% |
Top Export Markets for Orthopedic Prosthetics from Colombia in 2022:
- South Korea (58.5K units)
- Costa Rica (14.5K units)
- Netherlands (6.2K units)
- Chile (3.1K units)
- United Kingdom (2.8K units)
- Italy (2.7K units)
- United States (2.5K units)
- France (0.6K units)
This report provides an in-depth analysis of the orthopedic prosthetics market in Colombia. 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:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- 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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