Norway - Artificial Joints For Orthopedic Purposes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingOrthopedic Artificial Joints Price in Norway - 2023
Contents:
- Orthopedic Artificial Joints Price in Norway (CIF) - 2023
- Orthopedic Artificial Joints Price in Norway (FOB) - 2022
- Orthopedic Artificial Joints Imports in Norway
- Orthopedic Artificial Joints Exports in Norway
Orthopedic Artificial Joints Price in Norway (CIF) - 2023
The average orthopedic artificial joints import price stood at $15.0 per unit in December 2023, increasing by 6.4% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.6%. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 22% m-o-m. The import price peaked at $16.6 per unit in April 2023; however, from May 2023 to December 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Austria ($21.6 per unit), while the price for Ireland ($9.7 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Orthopedic Artificial Joints Price in Norway (FOB) - 2022
In 2022, the average orthopedic artificial joints export price amounted to $13 per unit, with a decrease of -20.6% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 44%. Over the period under review, the average export prices hit record highs at $23 per unit in 2018; however, from 2019 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 Netherlands ($26 per unit), while the average price for exports to Belgium ($8.6 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 Netherlands (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.
Orthopedic Artificial Joints Imports in Norway
In 2022, after three years of growth, there was significant decline in overseas purchases of artificial joints for orthopedic purposes, when their volume decreased by -36.5% to 2.6M units. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +5.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 42%. Imports peaked at 4.1M units in 2021, and then contracted dramatically in the following year.
In value terms, orthopedic artificial joints imports fell significantly to $39M in 2022. In general, imports recorded a slight decrease. The most prominent rate of growth was recorded in 2020 with an increase of 99%. As a result, imports reached the peak of $81M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Orthopedic Artificial Joints in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.5 | 18.7 | 20.9 | 9.6 | -8.4% |
| Austria | 3.3 | 5.0 | 5.7 | 6.9 | 27.9% |
| Ireland | 6.1 | 12.7 | 11.7 | 5.7 | -2.2% |
| France | 6.0 | 22.1 | 17.7 | 4.2 | -11.2% |
| Germany | 2.7 | 3.8 | 4.3 | 3.2 | 5.8% |
| Iceland | 1.8 | 1.5 | 1.8 | 2.1 | 5.3% |
| Switzerland | 1.8 | 4.9 | 5.3 | 2.1 | 5.3% |
| United Kingdom | 1.9 | 6.1 | 4.3 | 1.5 | -7.6% |
| Others | 4.7 | 6.4 | 6.9 | 4.3 | -2.9% |
| Total | 40.8 | 81.2 | 78.6 | 39.5 | -1.1% |
Top Suppliers of Orthopedic Artificial Joints to Norway in 2022:
- United States (918.6K units)
- Ireland (426.6K units)
- Germany (203.5K units)
- Austria (186.8K units)
- Switzerland (178.3K units)
- France (155.8K units)
- United Kingdom (130.1K units)
- Iceland (99.0K units)
Orthopedic Artificial Joints Exports in Norway
After two years of decline, overseas shipments of artificial joints for orthopedic purposes increased by 29% to 167K units in 2022. Over the period under review, exports, however, saw a deep slump. Over the period under review, the exports hit record highs at 219K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, orthopedic artificial joints exports rose to $2.2M in 2022. Overall, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year. As a result, the exports reached the peak of $4.7M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Orthopedic Artificial Joints in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 1,659 | 1,229 | 1,139 | 1,854 | 3.8% |
| Netherlands | 1,387 | 3,167 | 594 | 251 | -43.4% |
| Belgium | 48.2 | 31.9 | 315 | 41.9 | -4.6% |
| Malawi | 24.9 | 45.5 | N/A | 27.6 | 3.5% |
| United Kingdom | 51.2 | 95.9 | 2.6 | 2.7 | -62.5% |
| Others | 227 | 163 | 105 | 30.8 | -48.6% |
| Total | 3,397 | 4,732 | 2,156 | 2,208 | -13.4% |
Top Export Markets for Orthopedic Artificial Joints from Norway in 2022:
- Sweden (147.8K units)
- Netherlands (9.8K units)
- Belgium (4.9K units)
- Malawi (2.1K units)
- United Kingdom (0.7K units)
This report provides an in-depth analysis of the orthopedic artificial joints market in Norway. 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:
- Norway
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Norway
- 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.
-
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
-
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
-
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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