Greece: Orthopedic Artificial Joints Market Overview 2021

Orthopedic Artificial Joints Market Size in Greece

In 2020, the Greek orthopedic artificial joints market decreased by -X% to $X, falling for the second year in a row after three years of growth. Overall, consumption recorded a pronounced descent. The most prominent rate of growth was recorded in 2018 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Orthopedic Artificial Joints Exports

Exports from Greece

In 2020, overseas shipments of artificial joints for orthopedic purposes decreased by -X% to X tonnes for the first time since 2017, thus ending a two-year rising trend. Over the period under review, exports saw a mild decline. The pace of growth was the most pronounced in 2018 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

In value terms, orthopedic artificial joints exports reduced markedly to $X in 2020. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. Exports peaked at $X in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

Exports by Country

Germany (X kg) was the main destination for orthopedic artificial joints exports from Greece, with a X% share of total exports. Moreover, orthopedic artificial joints exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X kg), fourfold. The UK (X kg) ranked third in terms of total exports with a X% share.

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

In value terms, Germany ($X) emerged as the key foreign market for orthopedic artificial joints exports from Greece, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports. It was followed by Cyprus, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Cyprus (-X% per year).

Export Prices by Country

In 2020, the average orthopedic artificial joints export price amounted to $X per tonne, jumping by X% against the previous year. Overall, export price indicated a slight expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2012; afterwards, it flattened through to 2020.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to the UK ($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 Italy, while the prices for the other major destinations experienced more modest paces of growth.

Orthopedic Artificial Joints Imports

Imports into Greece

In 2020, orthopedic artificial joints imports into Greece totaled X tonnes, picking up by X% on the previous year's figure. Over the period under review, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. From 2019 to 2020, the growth imports failed to regain the momentum.

In value terms, orthopedic artificial joints imports fell to $X in 2020. Overall, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the Netherlands (X tonnes) constituted the largest supplier of orthopedic artificial joints to Greece, accounting for a X% share of total imports. Moreover, orthopedic artificial joints imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tonnes), threefold. The third position in this ranking was occupied by Germany (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from the Netherlands stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and Germany (+X% per year).

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

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

Import Prices by Country

The average orthopedic artificial joints import price stood at $X per tonne in 2020, shrinking by -X% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for artificial joints for orthopedic purposes in the world?

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The country with the largest volume of orthopedic artificial joints consumption was China (4.7K tonnes), accounting for 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?

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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 comprising 49% of global production.

What are the leading suppliers of artificial joints for orthopedic purposes to Greece?

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In value terms, the Netherlands ($10M) constituted the largest supplier of orthopedic artificial joints to Greece, comprising 47% of total imports. The second position in the ranking was occupied by Germany ($3.1M), with a 14% share of total imports. It was followed by Belgium, with a 12% share.

What are the leading importers of artificial joints for orthopedic purposes from Greece?

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In value terms, Germany ($751K) emerged as the key foreign market for orthopedic artificial joints exports from Greece, comprising 59% of total exports. The second position in the ranking was occupied by the Netherlands ($355K), with a 28% share of total exports. It was followed by Cyprus, with a 4.2% share.

What is the average export price for artificial joints for orthopedic purposes in Greece?

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In 2020, the average orthopedic artificial joints export price amounted to $1,192,539 per tonne, growing by 52% against the previous year.

What is the average import price for artificial joints for orthopedic purposes in Greece?

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In 2020, the average orthopedic artificial joints import price amounted to $266,038 per tonne, dropping by -10.5% against the previous year.