Cyprus: Orthopedic Artificial Joints Market Overview 2020

Orthopedic Artificial Joints Market Size in Cyprus

The revenue of the orthopedic artificial joints market in Cyprus amounted to $X in 2018, falling by -X% against the previous year. Overall, the total market indicated a measured increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, orthopedic artificial joints consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the market value increased by X% against the previous year. In that year, the orthopedic artificial joints market reached its peak level of $X. From 2014 to 2018, the growth of the orthopedic artificial joints market failed to regain its momentum.

Orthopedic Artificial Joints Production in Cyprus

In value terms, orthopedic artificial joints production totaled $X in 2018 estimated in export prices. Over the period under review, orthopedic artificial joints production continues to indicate a drastic reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, orthopedic artificial joints production attained its maximum level at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Orthopedic Artificial Joints Exports

Exports from Cyprus

In 2018, the orthopedic artificial joints exports from Cyprus amounted to X tonnes, growing by X% against the previous year. Overall, orthopedic artificial joints exports, however, continue to indicate a deep decline. The pace of growth was the most pronounced in 2018 when exports increased by X% year-to-year. Cyprus exports peaked at X tonnes in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, orthopedic artificial joints exports amounted to $X in 2018. Overall, orthopedic artificial joints exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. Cyprus exports peaked at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, Ireland (X tonnes), the U.S. (X tonnes), Germany (X tonnes), the Netherlands (X tonnes), the UK (X tonnes), Switzerland (X tonnes) and France (X tonnes) represented the largest exporters of artificial joints for orthopedic purposes in the world, comprising X% of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), the Netherlands ($X) and Ireland ($X) appeared to be the countries with the highest levels of exports in 2018, together accounting for X% of total exports.

Among the main exporting countries, the Netherlands experienced the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the orthopedic artificial joints export price in Cyprus amounted to $X per tonne, reducing by -X% against the previous year. In general, the orthopedic artificial joints export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 an increase of X% year-to-year. In that year, the export prices for artificial joints for orthopedic purposes reached their peak level of $X per tonne. From 2010 to 2018, the growth in terms of the export prices for artificial joints for orthopedic purposes remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the Netherlands ($X per tonne), while the UK ($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 other leaders experienced more modest paces of growth.

Orthopedic Artificial Joints Imports

Imports into Cyprus

Orthopedic artificial joints imports into Cyprus totaled X tonnes in 2018, rising by X% against the previous year. In general, orthopedic artificial joints imports continue to indicate a noticeable expansion. The pace of growth was the most pronounced in 2018 when imports increased by X% year-to-year. Over the period under review, orthopedic artificial joints imports reached their peak figure at X tonnes in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

In value terms, orthopedic artificial joints imports totaled $X in 2018. Overall, orthopedic artificial joints imports continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Cyprus imports peaked at $X in 2008; however, from 2009 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X tonnes), Belgium (X tonnes) and the Netherlands (X tonnes) were the main importers of artificial joints for orthopedic purposes in the world, committing X% of total import. The UK (X tonnes) took a X% share (based on tonnes) of total imports, which put it in second place, followed by Germany (X%), Ireland (X%) and France (X%). The following importers - Switzerland (X tonnes), China (X tonnes), Italy (X tonnes), Australia (X tonnes) and Japan (X tonnes) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Belgium, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported artificial joints for orthopedic purposes into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Germany (+X% per year).

Import Prices by Country

In 2018, the orthopedic artificial joints import price in Cyprus amounted to $X per tonne, dropping by -X% against the previous year. Overall, the orthopedic artificial joints import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Cyprus import price peaked at $X per tonne in 2008; however, from 2009 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while Ireland ($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 other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform