Latvia - Artificial Parts Of The Body (Excl. Artificial Teeth And Dental Fittings And Artificial Joints) - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingOrthopedic Prosthetics Price in Latvia - 2023
Contents:
- Orthopedic Prosthetics Price in Latvia (CIF) - 2022
- Orthopedic Prosthetics Price in Latvia (FOB) - 2022
- Orthopedic Prosthetics Imports in Latvia
- Orthopedic Prosthetics Exports in Latvia
Orthopedic Prosthetics Price in Latvia (CIF) - 2022
The average orthopedic prosthetics import price stood at $1 per unit in 2022, increasing by 11% against the previous year. In general, the import price, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2016 an increase of 37%. Over the period under review, average import prices reached the peak figure at $4.3 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($2.7 per unit), while the price for the Netherlands ($0.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-7.7%), while the prices for the other major suppliers experienced a decline.
Orthopedic Prosthetics Price in Latvia (FOB) - 2022
In 2022, the average orthopedic prosthetics export price amounted to $5.4 per unit, shrinking by -36.5% against the previous year. Over the period under review, the export price showed a pronounced decrease. The growth pace was the most rapid in 2014 an increase of 66%. The export price peaked at $14 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($199 per unit), while the average price for exports to Armenia ($0.8 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 Belarus (+31.7%), while the prices for the other major destinations experienced more modest paces of growth.
Orthopedic Prosthetics Imports in Latvia
In 2022, imports of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) into Latvia shrank to 9.5M units, falling by -7.2% on 2021. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 172%. As a result, imports reached the peak of 10M units, and then contracted in the following year.
In value terms, orthopedic prosthetics imports expanded modestly to $9.2M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.8% 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 +51.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.
Import of Orthopedic Prosthetics in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 2.8 | 2.9 | 4.2 | 3.8 | 10.7% |
Belgium | 1.6 | 1.7 | 2.9 | 3.4 | 28.6% |
Lithuania | 0.9 | 0.7 | 0.7 | 0.7 | -8.0% |
Sweden | 0.6 | 0.3 | 0.4 | 0.2 | -30.7% |
Others | 0.5 | 0.4 | 0.7 | 1.1 | 30.1% |
Total | 6.4 | 6.1 | 8.9 | 9.2 | 12.9% |
Top Suppliers of Orthopedic Prosthetics to Latvia in 2022:
- Netherlands (7.4M units)
- Belgium (1.2M units)
- Lithuania (0.5M units)
Orthopedic Prosthetics Exports in Latvia
In 2022, orthopedic prosthetics exports from Latvia soared to 576K units, jumping by 117% against 2021. Overall, exports posted resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 124% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, orthopedic prosthetics exports surged to $3.1M in 2022. In general, exports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 121%. The exports peaked at $3.7M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Orthopedic Prosthetics in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 860 | 469 | 619 | 1,133 | 9.6% |
Russia | 1,916 | 23.7 | N/A | 690 | -28.9% |
Estonia | 254 | 117 | 224 | 564 | 30.5% |
Finland | 33.0 | 98.1 | 399 | 422 | 133.8% |
Armenia | 0.8 | N/A | 1.0 | 97.9 | 396.5% |
Azerbaijan | N/A | N/A | N/A | 10.4 | 0% |
France | 133 | N/A | 0.6 | N/A | -93.3% |
Others | 543 | 309 | 1,002 | 183 | -30.4% |
Total | 3,738 | 1,017 | 2,246 | 3,100 | -6.0% |
Top Export Markets for Orthopedic Prosthetics from Latvia in 2022:
- Lithuania (131.9K units)
- Armenia (127.9K units)
- Finland (127.7K units)
- Estonia (94.3K units)
- Russia (67.4K units)
- Azerbaijan (10.6K units)
This report provides an in-depth analysis of the orthopedic prosthetics market in Latvia. 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:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- 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
-
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
-
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
-
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
-
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
This report provides an in-depth analysis of the orthopedic prosthetics market in Latvia.
This report provides an in-depth analysis of the hearing aid market in Latvia.
This report provides an in-depth analysis of the pacemaker market in Latvia.
This report provides an in-depth analysis of the orthopedic artificial joints market in Latvia.
This report provides an in-depth analysis of the dental fitting market in Latvia.
This report provides an in-depth analysis of the orthopaedic appliances market in Latvia.
This report provides an in-depth analysis of the artificial teeth market in Latvia.
This report provides an in-depth analysis of the market for polypropylene in primary forms in Latvia.
This report provides an in-depth analysis of the cyclohexane market in Latvia.
This report provides an in-depth analysis of the market for cyclanes, cyclenes and cycloterpenes in Latvia.
In value terms, bodies including cabs for the motor vehicles imports amounted to $X in 2016. In general, bodies including cabs for the motor vehicles imports continue to indicate a mild decline. Gl...
In value terms, bodies including cabs for the motor vehicles exports totaled $X in 2016. In general, bodies including cabs for the motor vehicles exports continue to indicate a slight decrease. Ove...
With the flow of time, it is no secret that the pace of technological development is gaining speed, with manufacturers and scientists coming up with more unimaginable groundbreaking hi-tech gadgets and devices seemingly with each passing day. X printi
Explore the top import markets for hearing aids and their key statistics. Learn about the world's largest importers of hearing aids and their import values.
Discover the world's best import markets for pacemakers and explore key statistics and insights. Find out which countries are the top importers and understand the factors driving their market dominance.
Explore the top import markets for orthopedic artificial joints, including the United States, the Netherlands, Belgium, Germany, and more. Discover key statistics and import values from IndexBox market intelligence platform.
In value terms, artificial filament tow imports stood at $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated...
In value terms, artificial filament tow exports stood at $X in 2016. Overall, artificial filament tow exports continue to indicate a noticeable downturn. Global artificial filament tow export peake...
In 2016, approx. X tons of orthopedic prosthetics were imported worldwide- picking up by X% against the previous year level. In general, orthopedic prosthetics imports continue to indicate a rem...
In 2016, approx. X tons of orthopedic prosthetics were imported worldwide- picking up by X% against the previous year level. In general, orthopedic prosthetics imports continue to indicate a rem...