Azerbaijan - Artificial Joints For Orthopedic Purposes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingOrthopedic Artificial Joints Price in Azerbaijan - 2023
Contents:
- Orthopedic Artificial Joints Price in Azerbaijan (CIF) - 2023
- Orthopedic Artificial Joints Price in Azerbaijan (FOB) - 2022
- Orthopedic Artificial Joints Imports in Azerbaijan
- Orthopedic Artificial Joints Exports in Azerbaijan
Orthopedic Artificial Joints Price in Azerbaijan (CIF) - 2023
In November 2023, the average orthopedic artificial joints import price amounted to $17.5 per unit, leveling off at the previous month. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 33% m-o-m. As a result, import price attained the peak level of $21.5 per unit. From April 2023 to November 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Turkey ($33.8 per unit), while the price for Italy ($13.6 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Orthopedic Artificial Joints Price in Azerbaijan (FOB) - 2022
The average orthopedic artificial joints export price stood at $5.4 per unit in 2022, which is down by -99% against the previous year. Over the period under review, the export price showed a precipitous decrease. Over the period under review, the average export prices hit record highs at $571 per unit in 2021, and then shrank dramatically in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($313 per unit), while the average price for exports to Turkey amounted to $1.3 per unit.
From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-45.1%).
Orthopedic Artificial Joints Imports in Azerbaijan
For the fourth consecutive year, Azerbaijan recorded growth in purchases abroad of artificial joints for orthopedic purposes, which increased by 32% to 127K units in 2022. In general, imports saw significant growth. The growth pace was the most rapid in 2020 when imports increased by 56%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, orthopedic artificial joints imports amounted to $2.1M in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 82%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Orthopedic Artificial Joints in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 219 | 197 | 120 | 581 | 38.4% |
| Switzerland | 48.1 | 20.5 | 81.4 | 564 | 127.2% |
| Turkey | 10.3 | 54.3 | 36.5 | 499 | 264.5% |
| Germany | 84.2 | 148 | 285 | 222 | 38.1% |
| Ireland | 6.8 | 11.0 | 24.9 | 137 | 172.1% |
| Russia | 45.6 | 28.5 | 33.7 | N/A | -14.0% |
| Belgium | 9.3 | 12.7 | 10.2 | N/A | 4.7% |
| Poland | 10.7 | 10.2 | 11.5 | N/A | 3.7% |
| Others | 438 | 670 | 1,490 | 114 | -36.2% |
| Total | 872 | 1,153 | 2,093 | 2,117 | 34.4% |
Top Suppliers of Orthopedic Artificial Joints to Azerbaijan in 2022:
- United States (37.9K units)
- Turkey (36.2K units)
- Switzerland (31.4K units)
- Germany (9.5K units)
- Ireland (8.0K units)
Orthopedic Artificial Joints Exports in Azerbaijan
Orthopedic artificial joints exports from Azerbaijan surged to 8.1K units in 2022, rising by 15,102% on the previous year's figure. Over the period under review, exports posted 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 artificial joints exports surged to $44K in 2022. Overall, total exports indicated a significant expansion from 2021 to 2022: its value increased at an average annual rate of +44.8% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Orthopedic Artificial Joints in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Germany | 30.3 | 33.2 | 9.6% | ||
| Turkey | N/A | 10.6 | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 30.3 | 43.8 | 44.6% | ||
Top Export Markets for Orthopedic Artificial Joints from Azerbaijan in 2022:
- Turkey (8.0K units)
- Germany (0.1K units)
This report provides an in-depth analysis of the orthopedic artificial joints market in Azerbaijan. 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 32502235 - Artificial joints
Country coverage:
- Azerbaijan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Azerbaijan
- 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
-
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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