Turkey - 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 Turkey - 2023
Contents:
- Orthopedic Prosthetics Price in Turkey (CIF) - 2023
- Orthopedic Prosthetics Price in Turkey (FOB) - 2022
- Orthopedic Prosthetics Imports in Turkey
- Orthopedic Prosthetics Exports in Turkey
Orthopedic Prosthetics Price in Turkey (CIF) - 2023
In July 2023, the average orthopedic prosthetics import price amounted to $5.0 per unit, declining by -11.6% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 13% m-o-m. As a result, import price attained the peak level of $5.7 per unit. From May 2023 to July 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($12.0 per unit), while the price for the Netherlands ($1.1 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Orthopedic Prosthetics Price in Turkey (FOB) - 2022
The average orthopedic prosthetics export price stood at $2.5 per unit in 2022, reducing by -22.4% against the previous year. Over the period under review, the export price saw a deep contraction. The growth pace was the most rapid in 2015 an increase of 24% against the previous year. The export price peaked at $4.5 per unit in 2012; however, from 2013 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 China ($7.7 per unit), while the average price for exports to Algeria ($0.2 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 China (+7.7%), while the prices for the other major destinations experienced mixed trend patterns.
Orthopedic Prosthetics Imports in Turkey
In 2022, orthopedic prosthetics imports into Turkey soared to 40M units, jumping by 18% on 2021. The total import volume increased at an average annual rate of +6.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, orthopedic prosthetics imports surged to $176M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Orthopedic Prosthetics in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ireland | 34.8 | 38.0 | 34.4 | 45.2 | 9.1% |
United States | 32.3 | 33.7 | 38.7 | 41.5 | 8.7% |
India | 5.3 | 6.6 | 10.5 | 20.9 | 58.0% |
China | 5.0 | 2.7 | 7.6 | 12.1 | 34.3% |
Costa Rica | 6.0 | 3.9 | 5.8 | 8.6 | 12.7% |
Germany | 8.3 | 6.0 | 7.7 | 8.0 | -1.2% |
France | 2.4 | 4.5 | 3.3 | 5.9 | 35.0% |
Netherlands | 3.3 | 4.1 | 4.0 | 4.6 | 11.7% |
Others | 23.2 | 17.3 | 23.2 | 29.0 | 7.7% |
Total | 121 | 117 | 135 | 176 | 13.3% |
Top Suppliers of Orthopedic Prosthetics to Turkey in 2022:
- Ireland (8.6M units)
- India (8.1M units)
- United States (5.9M units)
- China (4.4M units)
- Netherlands (2.7M units)
- Costa Rica (2.6M units)
- France (1.5M units)
- Germany (1.3M units)
Orthopedic Prosthetics Exports in Turkey
Orthopedic prosthetics exports from Turkey skyrocketed to 15M units in 2022, with an increase of 67% against the previous year's figure. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, orthopedic prosthetics exports surged to $38M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Orthopedic Prosthetics in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 315 | 2,191 | 4,893 | 7,369 | 186.0% |
Germany | 1,552 | 2,016 | 2,824 | 4,360 | 41.1% |
Russia | 356 | 378 | 273 | 2,246 | 84.8% |
Netherlands | 982 | 802 | 1,416 | 1,463 | 14.2% |
Azerbaijan | 839 | 820 | 1,163 | 1,224 | 13.4% |
India | 824 | 480 | 689 | 734 | -3.8% |
Yemen | 12.0 | 200 | 407 | 627 | 273.8% |
Kazakhstan | 6.4 | 65.7 | 56.9 | 584 | 350.2% |
Syrian Arab Republic | N/A | N/A | N/A | 445 | 0% |
Serbia | 134 | 132 | 86.8 | 349 | 37.6% |
Iraq | 360 | 525 | 525 | 324 | -3.5% |
Ethiopia | N/A | N/A | N/A | 270 | 0% |
Algeria | 107 | 80.4 | 38.3 | 61.4 | -16.9% |
Others | 21,449 | 13,789 | 16,924 | 17,857 | -5.9% |
Total | 26,937 | 21,479 | 29,298 | 37,915 | 12.1% |
Top Export Markets for Orthopedic Prosthetics from Turkey in 2022:
- Russia (3.7M units)
- Germany (2.9M units)
- China (1.0M units)
- Azerbaijan (0.5M units)
- Yemen (0.5M units)
- Netherlands (0.4M units)
- Serbia (0.4M units)
- India (0.4M units)
- Syrian Arab Republic (0.4M units)
- Algeria (0.3M units)
- Iraq (0.3M units)
- Ethiopia (0.3M units)
- Kazakhstan (0.3M units)
This report provides an in-depth analysis of the orthopedic prosthetics market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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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In January 2023, the orthopedic prosthetics price amounted to $469K per ton (CIF, Turkey), with a decrease of -8.1% against the previous month.
In January 2023, the pacemaker price amounted to $1,142 per unit (CIF, Turkey), falling by -13% against the previous month.
From 2022 to 2023, the growth of Artificial Teeth exports failed to regain momentum. In value terms, Artificial Teeth exports fell to $32M in 2023.
In December 2022, the uncooked pasta price stood at $713 per ton (FOB, Turkey), remaining relatively unchanged against the previous month.
The price of uncooked pasta in July 2023 was $632 per ton (FOB, Turkey), representing a decrease of 3.9% compared to the previous month.
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