Austria: Orthopedic Artificial Joints Market Overview 2020

Orthopedic Artificial Joints Market Size in Austria

The revenue of the orthopedic artificial joints market in Austria amounted to $X in 2018, growing by X% against the previous year. Over the period under review, orthopedic artificial joints consumption, however, continues to indicate a slight decrease. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Orthopedic artificial joints consumption peaked at $X in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Orthopedic Artificial Joints Production in Austria

In value terms, orthopedic artificial joints production stood at $X in 2018 estimated in export prices. In general, orthopedic artificial joints production continues to indicate a deep drop. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, orthopedic artificial joints production attained its maximum level at $X in 2013; however, from 2014 to 2018, production stood at a somewhat lower figure.

Orthopedic Artificial Joints Exports

Exports from Austria

In 2018, approx. X tonnes of artificial joints for orthopedic purposes were exported from Austria; growing by X% against the previous year. Over the period under review, orthopedic artificial joints exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2008 when exports increased by X% y-o-y. Over the period under review, orthopedic artificial joints exports reached their maximum at X tonnes in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

In value terms, orthopedic artificial joints exports stood at $X in 2018. In general, the total exports indicated a buoyant expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, orthopedic artificial joints exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. In that year, orthopedic artificial joints exports reached their peak of $X. From 2015 to 2018, the growth of orthopedic artificial joints exports remained at a lower figure.

Exports by Country

The U.S. (X tonnes) was the main destination for orthopedic artificial joints exports from Austria, with a X% share of total exports. Moreover, orthopedic artificial joints exports to the U.S. exceeded the volume sent to the second major destination, Hungary (X tonnes), sevenfold. Germany (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+X% per year) and Germany (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for orthopedic artificial joints exports from Austria, comprising X% of total orthopedic artificial joints exports. The second position in the ranking was occupied by Poland ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-X% per year) and Germany (+X% per year).

Export Prices by Country

In 2018, the average orthopedic artificial joints export price amounted to $X per tonne, remaining stable against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. In that year, the average export prices for artificial joints for orthopedic purposes attained their peak level of $X per tonne. From 2016 to 2018, the growth in terms of the average export prices for artificial joints for orthopedic purposes failed to regain its momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Russia ($X per tonne), while the average price for exports to Iran ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Russia, while the prices for the other major destinations experienced more modest paces of growth.

Orthopedic Artificial Joints Imports

Imports into Austria

In 2018, the orthopedic artificial joints imports into Austria totaled X tonnes, increasing by X% against the previous year. In general, orthopedic artificial joints imports continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. In that year, orthopedic artificial joints imports reached their peak of X tonnes. From 2010 to 2018, the growth of orthopedic artificial joints imports remained at a somewhat lower figure.

In value terms, orthopedic artificial joints imports totaled $X in 2018. In general, the total imports indicated a buoyant increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, orthopedic artificial joints imports increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2009 when imports increased by X% year-to-year. Imports peaked in 2018 and are expected to retain its growth in the near future.

Imports by Country

Switzerland (X tonnes), the U.S. (X tonnes) and Germany (X tonnes) were the main suppliers of orthopedic artificial joints imports to Austria, together comprising X% of total imports. The UK, China, France and Ireland lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), the U.S. ($X) and Germany ($X) appeared to be the largest orthopedic artificial joints suppliers to Austria, together accounting for X% of total imports.

Among the main suppliers, the U.S. recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average orthopedic artificial joints import price amounted to $X per tonne, surging by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2011 an increase of X% against the previous year. Over the period under review, the average import prices for artificial joints for orthopedic purposes attained their peak figure in 2018 and is expected to retain its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Switzerland ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform