CIS: Orthopedic Artificial Joints Market 2024

Orthopedic Artificial Joints Market Size in CIS

The CIS orthopedic artificial joints market surged to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Orthopedic Artificial Joints Production in CIS

In value terms, orthopedic artificial joints production soared to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Orthopedic Artificial Joints Exports

Exports in CIS

In 2022, overseas shipments of artificial joints for orthopedic purposes decreased by X% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, orthopedic artificial joints exports reduced remarkably to $X in 2022. Overall, exports, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Russia (X units) and Belarus (X units) represented the main exporters of artificial joints for orthopedic purposes in the CIS, together generating X% of total exports. It was distantly followed by Kyrgyzstan (X units), achieving a X% share of total exports. The following exporters - Azerbaijan (X units) and Armenia (X units) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Azerbaijan (with a CAGR of X.9%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X) remains the largest orthopedic artificial joints supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by Kyrgyzstan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Belarus totaled X%. In the other countries, the average annual rates were as follows: Russia (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, rising by X% against the previous year. Export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, orthopedic artificial joints export price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per unit), while Azerbaijan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the other leaders experienced mixed trends in the export price figures.

Orthopedic Artificial Joints Imports

Imports in CIS

Orthopedic artificial joints imports reduced slightly to X units in 2022, declining by X% compared with the previous year's figure. In general, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked at X units in 2021, and then shrank in the following year.

In value terms, orthopedic artificial joints imports rose remarkably to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Russia dominates imports structure, accounting for X units, which was near X% of total imports in 2022. It was distantly followed by Kazakhstan (X units), mixing up a X% share of total imports. Uzbekistan (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to orthopedic artificial joints imports into Russia stood at X%. At the same time, Uzbekistan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. While the share of Kazakhstan (X p.p.) and Uzbekistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported artificial joints for orthopedic purposes in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Russia stood at X%. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price, however, showed a slight reduction. The pace of growth appeared the most rapid in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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