Hong Kong SAR, China - 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 Hong Kong SAR - 2023
Contents:
- Orthopedic Prosthetics Price in Hong Kong SAR (FOB) - 2023
- Orthopedic Prosthetics Price in Hong Kong SAR (CIF) - 2023
- Orthopedic Prosthetics Exports in Hong Kong SAR
- Orthopedic Prosthetics Imports in Hong Kong SAR
Orthopedic Prosthetics Price in Hong Kong SAR (FOB) - 2023
The average orthopedic prosthetics export price stood at $24.8 per unit in August 2023, picking up by 28% against the previous month. Over the period under review, export price indicated a temperate expansion from August 2022 to August 2023: its price increased at an average monthly rate of +3.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, orthopedic prosthetics export price increased by +27.7% against May 2023 indices. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 30% m-o-m. Over the period under review, the average export prices reached the peak figure in August 2023.
Prices varied noticeably by the country of destination: the country with the highest price was China ($43.6 per unit), while the average price for exports to the United States ($3.5 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Orthopedic Prosthetics Price in Hong Kong SAR (CIF) - 2023
In August 2023, the average orthopedic prosthetics import price amounted to $13.5 per unit, surging by 41% against the previous month. Over the period under review, the import price recorded buoyant growth. The growth pace was the most rapid in May 2023 when the average import price increased by 46% month-to-month. The import price peaked in August 2023.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Switzerland ($55.3 per unit), while the price for the Netherlands ($3.9 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the United States (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Orthopedic Prosthetics Exports in Hong Kong SAR
Orthopedic prosthetics exports from Hong Kong SAR soared to 20M units in 2022, picking up by 28% on the year before. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +15.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.2% against 2019 indices. 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 $343M in 2022. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 33%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.
| Export of Orthopedic Prosthetics in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 90.6 | 128 | 152 | 183 | 26.4% |
| South Korea | 17.7 | 19.8 | 51.5 | 70.6 | 58.6% |
| India | 4.9 | 4.7 | 12.7 | 19.5 | 58.5% |
| Australia | 10.2 | 11.5 | 11.3 | 16.2 | 16.7% |
| Taiwan (Chinese) | 7.7 | 12.5 | 13.3 | 15.0 | 24.9% |
| Thailand | 3.7 | 7.0 | 4.2 | 9.8 | 38.4% |
| Vietnam | 2.7 | 3.9 | 2.1 | 5.9 | 29.8% |
| Sri Lanka | 2.7 | 4.6 | 3.5 | 2.1 | -8.0% |
| United States | 1.2 | 0.8 | 0.8 | 1.0 | -5.9% |
| Others | 13.9 | 14.5 | 13.1 | 20.0 | 12.9% |
| Total | 155 | 207 | 264 | 343 | 30.3% |
Top Export Markets for Orthopedic Prosthetics from Hong Kong SAR in 2022:
- China (8.0M units)
- India (3.1M units)
- South Korea (2.5M units)
- Australia (1.1M units)
- Taiwan (Chinese) (1.0M units)
- Thailand (0.8M units)
- Vietnam (0.6M units)
- United States (0.4M units)
- Sri Lanka (0.3M units)
Orthopedic Prosthetics Imports in Hong Kong SAR
Orthopedic prosthetics imports into Hong Kong SAR surged to 22M units in 2022, growing by 28% compared with 2021 figures. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +13.5% 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 +60.1% against 2020 indices. 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 $119M in 2022. Over the period under review, imports posted prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Orthopedic Prosthetics in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 33.7 | 30.1 | 29.0 | 44.6 | 9.8% |
| Switzerland | 0.1 | 3.0 | 22.5 | 41.2 | 644.1% |
| Netherlands | 13.4 | 10.4 | 15.8 | 11.8 | -4.1% |
| Belgium | 2.6 | 1.1 | 1.9 | 4.1 | 16.4% |
| Germany | 5.5 | 1.7 | 2.5 | 2.2 | -26.3% |
| France | 0.5 | 0.6 | 1.0 | 1.0 | 26.0% |
| Others | 15.7 | 6.5 | 7.4 | 13.9 | -4.0% |
| Total | 71.5 | 53.3 | 80.1 | 119 | 18.5% |
Top Suppliers of Orthopedic Prosthetics to Hong Kong SAR in 2022:
- United States (16.7M units)
- Netherlands (3.4M units)
- Switzerland (0.7M units)
- Belgium (0.5M units)
- France (0.4M units)
- Germany (0.1M units)
This report provides an in-depth analysis of the orthopedic prosthetics market in Hong Kong SAR, China. 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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 May 2023, exports of Orthopedic Prosthetics reached a peak of 27K units. However, from June to October 2023, exports stayed at a lower figure. In terms of value, orthopedic prosthetics exports surged to $52M in October 2023.
228
In March 2023, the exports of Artificial Teeth reached its highest point at 222M units. However, from April to September 2023, the export figures slightly decreased. In terms of value, the exports of artificial teeth dropped to $11M in September 2023.
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