Estonia - 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 Estonia - 2023
Contents:
- Orthopedic Prosthetics Price in Estonia (CIF) - 2023
- Orthopedic Prosthetics Price in Estonia (FOB) - 2022
- Orthopedic Prosthetics Imports in Estonia
- Orthopedic Prosthetics Exports in Estonia
Orthopedic Prosthetics Price in Estonia (CIF) - 2023
In August 2023, the average orthopedic prosthetics import price amounted to $17.5 per unit, picking up by 54% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 88% m-o-m. Over the period under review, average import prices hit record highs at $23.3 per unit in March 2023; however, from April 2023 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($72.5 per unit), while the price for the UK ($6.7 per unit) was amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Orthopedic Prosthetics Price in Estonia (FOB) - 2022
The average orthopedic prosthetics export price stood at $12 per unit in 2022, with a decrease of -9.4% against the previous year. Overall, the export price, however, posted a resilient increase. The growth pace was the most rapid in 2015 an increase of 87% against the previous year. Over the period under review, the average export prices attained the peak figure at $24 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($14 per unit), while the average price for exports to the UK ($6.3 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 Germany (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.
Orthopedic Prosthetics Imports in Estonia
In 2022, supplies from abroad of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) was finally on the rise to reach 311K units after two years of decline. Over the period under review, imports, however, showed a abrupt contraction. Over the period under review, imports hit record highs at 402K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, orthopedic prosthetics imports amounted to $3.7M in 2022. The total import value increased at an average annual rate of +4.9% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 20% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
Import of Orthopedic Prosthetics in Estonia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 61.5 | 15.7 | 564 | 732 | 128.3% |
Belgium | 79.5 | 580 | 809 | 708 | 107.3% |
Netherlands | 454 | 808 | 671 | 644 | 12.4% |
India | 11.1 | 93.0 | 269 | 543 | 265.7% |
Ireland | N/A | N/A | 253 | 378 | 49.4% |
Germany | 415 | 335 | 295 | 302 | -10.1% |
Lithuania | 157 | 127 | 76.6 | 130 | -6.1% |
Sweden | 491 | 635 | 233 | 87.1 | -43.8% |
United States | 385 | 1.7 | 15.5 | 25.1 | -59.8% |
South Korea | 176 | 116 | 81.1 | N/A | -32.1% |
Others | 991 | 109 | 127 | 164 | -45.1% |
Total | 3,221 | 2,821 | 3,395 | 3,714 | 4.9% |
Top Suppliers of Orthopedic Prosthetics to Estonia in 2022:
- United Kingdom (116.6K units)
- Lithuania (43.1K units)
- Germany (41.1K units)
- India (37.3K units)
- Netherlands (30.4K units)
- Ireland (12.0K units)
- Belgium (11.7K units)
- Sweden (4.2K units)
- United States (3.2K units)
Orthopedic Prosthetics Exports in Estonia
In 2022, the amount of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exported from Estonia reduced notably to 5.1K units, with a decrease of -27.1% on the previous year's figure. Over the period under review, exports showed a sharp decline. The smallest decline of -7.4% was in 2021. Over the period under review, the exports reached the peak figure at 66K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, orthopedic prosthetics exports contracted markedly to $63K in 2022. Overall, exports faced a sharp reduction. Over the period under review, the exports attained the peak figure at $1.6M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Orthopedic Prosthetics in Estonia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Latvia | 102 | 45.0 | 53.5 | 33.6 | -30.9% |
Lithuania | 29.9 | 5.1 | 3.9 | 25.4 | -5.3% |
United Kingdom | N/A | N/A | N/A | 4.1 | 0% |
Bulgaria | N/A | 1.2 | N/A | N/A | 0% |
Russia | 157 | 15.8 | N/A | N/A | -89.9% |
Belarus | 1,256 | N/A | N/A | N/A | 0% |
Ukraine | N/A | 62.6 | 31.7 | N/A | -49.4% |
Others | 15.2 | 45.0 | 6.5 | N/A | -34.6% |
Total | 1,560 | 175 | 95.6 | 63.1 | -65.7% |
Top Export Markets for Orthopedic Prosthetics from Estonia in 2022:
- Latvia (2.7K units)
- Lithuania (1.8K units)
- United Kingdom (0.7K units)
This report provides an in-depth analysis of the orthopedic prosthetics market in Estonia. 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:
- Estonia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Estonia
- 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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