Estonia - Artificial Parts Of The Body (Excl. Artificial Teeth And Dental Fittings And Artificial Joints) - Market Analysis, Forecast, Size, Trends and Insights

Estonia: Orthopedic Prosthetics Market Overview 2019

Orthopedic Prosthetics Market Size in Estonia

The revenue of the orthopedic prosthetics market in Estonia amounted to $X in 2018, picking up by X% against the previous year. Over the period under review, orthopedic prosthetics consumption, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in 2018, with an increase of X% y-o-y. Over the period under review, the orthopedic prosthetics market attained its maximum level at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Orthopedic Prosthetics Production in Estonia

In value terms, orthopedic prosthetics production amounted to $X in 2018 estimated in export prices. Overall, orthopedic prosthetics production continues to indicate a drastic slump. The most prominent rate of growth was recorded in 2013, when the output figure increased by X% against the previous year. Estonia orthopedic prosthetics production peaked at $X in 2008; however, from 2009 to 2018, production failed to regain its momentum.

Orthopedic Prosthetics Exports

Exports from Estonia

In 2018, exports of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) from Estonia amounted to X kg, falling by -X% against the previous year. Over the period under review, orthopedic prosthetics exports, however, continue to indicate a mild increase. The most prominent rate of growth was recorded in 2009, when exports increased by X% year-to-year. In that year, orthopedic prosthetics exports reached their peak of X tonnes. From 2010 to 2018, the growth of orthopedic prosthetics exports failed to regain its momentum.

In value terms, orthopedic prosthetics exports totaled $X in 2018. Over the period under review, orthopedic prosthetics exports, however, continue to indicate a strong growth. The most prominent rate of growth was recorded in 2015, with an increase of X% y-o-y. Estonia exports peaked in 2018, and are likely to continue its growth in the near future.

Exports by Country

The Netherlands was the major exporting country with an export of about X tonnes, which resulted at X% of total exports. It was distantly followed by the U.S. (X tonnes), Belgium (X tonnes) and Germany (X tonnes), together achieving X% share of total exports. Costa Rica (X tonnes), Singapore (X tonnes), France (X tonnes), Switzerland (X tonnes), China, Hong Kong SAR (X tonnes) and Ireland (X tonnes) followed a long way behind the leaders.

Exports from the Netherlands increased at an average annual rate of +X% from 2007 to 2018. At the same time, Singapore (+X%), China, Hong Kong SAR (+X%), Costa Rica (+X%), Switzerland (+X%), Belgium (+X%), the U.S. (+X%) and France (+X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Ireland (-X%) and Germany (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Germany increased by X% percentage points, while China, Hong Kong SAR (-X%), Switzerland (-X%), Costa Rica (-X%), Singapore (-X%), Belgium (-X%), the U.S. (-X%) and the Netherlands (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), the U.S. ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Singapore, Germany, Costa Rica, France, Switzerland, China, Hong Kong SAR, Ireland and Estonia, which together accounted for a further X experienced the highest growth rate of exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the orthopedic prosthetics export price in Estonia amounted to $X per kg, increasing by X% against the previous year. Overall, the orthopedic prosthetics export price continues to indicate a temperate growth. The most prominent rate of growth was recorded in 2018, when the export price increased by X% y-o-y. In that year, the export prices for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) reached their peak level, and is likely to continue its growth in the immediate term.

There were significant differences in the average export prices amongst the major exporting countries. In 2018, the country with the highest export price was Singapore ($X per kg), while Ireland ($X per kg) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by Singapore, while the other leaders experienced more modest paces of growth.

Orthopedic Prosthetics Imports

Imports into Estonia

In 2018, imports of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) into Estonia stood at X tonnes, going down by -X% against the previous year. Overall, orthopedic prosthetics imports, however, continue to indicate a measured increase. The most prominent rate of growth was recorded in 2016, when imports increased by X% against the previous year. Estonia imports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, orthopedic prosthetics imports amounted to $X in 2018. The total import value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2018, when imports increased by X% against the previous year. Estonia imports peaked at $X in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tonnes), distantly followed by the Netherlands (X tonnes), Belgium (X tonnes), Germany (X tonnes) and Japan (X tonnes) were the major importers of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints), together committing X% of total imports. China (X tonnes), Ireland (X tonnes), France (X tonnes), Spain (X tonnes), the UK (X tonnes), Italy (X tonnes) and Australia (X tonnes) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, China (+X%), Belgium (+X%), Ireland (+X%), Germany (+X%), Japan (+X%), Australia (+X%), France (+X%), the Netherlands (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2018. The UK experienced a relatively flat trend pattern. By contrast, Spain (-X%) illustrated a downward trend over the same period. Spain (X%) significantly strengthened its position in terms of the global imports, while Ireland, the Netherlands, China, Japan, Germany, Belgium and the U.S. saw its share reduced by -X%, -X%, -X%, -X%, -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) into Estonia, comprising X% of global imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of global imports. It was followed by Japan, with a X% share.

In the U.S., orthopedic prosthetics imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Japan (+X% per year).

Import Prices by Country

The orthopedic prosthetics import price in Estonia stood at $X per kg in 2018, surging by X% against the previous year. Over the period under review, the orthopedic prosthetics import price, however, continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2018, an increase of X% against the previous year. Estonia import price peaked at $X per kg in 2012; however, from 2013 to 2018, import prices failed to regain their momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was China ($X per kg), while Ireland ($X per kg) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform