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Finland - Artificial Joints For Orthopedic Purposes - Market Analysis, Forecast, Size, Trends and Insights
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Finland: Orthopedic Artificial Joints Market Overview 2021

Orthopedic Artificial Joints Market Size in Finland

After three years of growth, the Finnish orthopedic artificial joints market decreased by -X% to $X in 2020. Over the period under review, consumption saw a mild decrease. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, the market attained the peak level at $X in 2009; however, from 2010 to 2020, consumption failed to regain the momentum.

Orthopedic Artificial Joints Production in Finland

In value terms, orthopedic artificial joints production rose markedly to $X in 2020 estimated in export prices. Over the period under review, production, however, showed prominent growth. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Orthopedic artificial joints production peaked at $X in 2014; however, from 2015 to 2020, production stood at a somewhat lower figure.

Orthopedic Artificial Joints Exports

Exports from Finland

In 2020, after five years of decline, there was significant growth in shipments abroad of artificial joints for orthopedic purposes, when their volume increased by X% to X tonnes. In general, exports saw a strong increase. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Exports peaked at X tonnes in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, orthopedic artificial joints exports reduced modestly to $X in 2020. Over the period under review, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Exports peaked at $X in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

Exports by Country

Estonia (X tonnes) was the main destination for orthopedic artificial joints exports from Finland, accounting for a X% share of total exports. Moreover, orthopedic artificial joints exports to Estonia exceeded the volume sent to the second major destination, the Netherlands (X tonnes), threefold. The third position in this ranking was occupied by Latvia (X kg), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Estonia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Latvia (+X% per year).

In value terms, the Netherlands ($X), Estonia ($X) and Latvia ($X) appeared to be the largest markets for orthopedic artificial joints exported from Finland worldwide, together comprising X% of total exports.

The Netherlands (+X% per year) recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average orthopedic artificial joints export price amounted to $X per tonne, declining by -X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2019 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Latvia ($X per tonne), while the average price for exports to Estonia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Sweden, while the prices for the other major destinations experienced more modest paces of growth.

Orthopedic Artificial Joints Imports

Imports into Finland

In 2020, purchases abroad of artificial joints for orthopedic purposes decreased by -X% to X tonnes for the first time since 2016, thus ending a three-year rising trend. Overall, imports recorded a noticeable slump. The pace of growth appeared the most rapid in 2009 when imports increased by X% year-to-year. As a result, imports attained the peak of X tonnes. From 2010 to 2020, the growth imports remained at a lower figure.

In value terms, orthopedic artificial joints imports declined notably to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2019, and then reduced markedly in the following year.

Imports by Country

The U.S. (X tonnes), Germany (X tonnes) and Ireland (X tonnes) were the main suppliers of orthopedic artificial joints imports to Finland, together comprising X% of total imports. These countries were followed by Sweden, Switzerland, the Netherlands and the UK, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constituted the largest supplier of orthopedic artificial joints to Finland, comprising X% of total imports. The second position in the ranking was occupied by Sweden ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+X% per year) and Germany (+X% per year).

Import Prices by Country

The average orthopedic artificial joints import price stood at $X per tonne in 2020, increasing by X% against the previous year. In general, import price indicated a perceptible expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, orthopedic artificial joints import price decreased by +X% against 2016 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the peak figure in 2020 and is expected to retain growth in the immediate term.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for artificial joints for orthopedic purposes in the world?
+
The country with the largest volume of orthopedic artificial joints consumption was China (4.7K tonnes), comprising approx. 28% of total volume. Moreover, orthopedic artificial joints consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (1.8K tonnes), threefold. Japan (1.1K tonnes) ranked third in terms of total consumption with a 6.7% share.
What are the largest producers of artificial joints for orthopedic purposes in the world?
+
The countries with the highest volumes of orthopedic artificial joints production in 2020 were China (4.4K tonnes), Ireland (3K tonnes) and the U.S. (954 tonnes), together accounting for 49% of global production.
What are the leading suppliers of artificial joints for orthopedic purposes to Finland?
+
In value terms, the U.S. ($22M) constituted the largest supplier of orthopedic artificial joints to Finland, comprising 47% of total imports. The second position in the ranking was occupied by Sweden ($8.5M), with a 18% share of total imports. It was followed by Germany, with a 11% share.
What are the leading importers of artificial joints for orthopedic purposes from Finland?
+
In value terms, the Netherlands ($2.4M), Estonia ($1.8M) and Latvia ($1.6M) were the largest markets for orthopedic artificial joints exported from Finland worldwide, together comprising 87% of total exports.
What is the average export price for artificial joints for orthopedic purposes in Finland?
+
In 2020, the average orthopedic artificial joints export price amounted to $822,124 per tonne, falling by -38.3% against the previous year.
What is the average import price for artificial joints for orthopedic purposes in Finland?
+
The average orthopedic artificial joints import price stood at $1,301,771 per tonne in 2020, increasing by 2.2% against the previous year.

Product coverage:
• Prodcom 32502235 - Artificial joints

This report provides an in-depth analysis of the orthopedic artificial joints market in Finland. 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 2025.


Country coverage:
• Finland

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Finland
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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