Thailand: Orthopedic Artificial Joints Market 2024

Orthopedic Artificial Joints Market Size in Thailand

The Thai orthopedic artificial joints market was estimated at $X in 2022, increasing by X% against the previous year. In general, the total consumption indicated a notable expansion 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, consumption increased by X% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Orthopedic Artificial Joints Production in Thailand

In value terms, orthopedic artificial joints production amounted to $X in 2022 estimated in export price. Overall, the total production indicated slight growth 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Orthopedic Artificial Joints Exports

Exports from Thailand

Orthopedic artificial joints exports from Thailand soared to X units in 2022, picking up by X% on 2021 figures. Over the period under review, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, orthopedic artificial joints exports skyrocketed to $X in 2022. In general, exports showed temperate growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X units) was the main destination for orthopedic artificial joints exports from Thailand, accounting for a X% share of total exports. Moreover, orthopedic artificial joints exports to Hong Kong SAR exceeded the volume sent to the second major destination, Singapore (X units), fivefold. The third position in this ranking was taken by the United States (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and the United States (X% per year).

In value terms, Singapore ($X) emerged as the key foreign market for artificial joints for orthopedic purposes exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and the United States (X% per year).

Export Prices by Country

The average orthopedic artificial joints export price stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price, however, recorded significant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then shrank dramatically in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopedic Artificial Joints Imports

Imports into Thailand

In 2022, the amount of artificial joints for orthopedic purposes imported into Thailand surged to X units, rising by X% on the year before. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, orthopedic artificial joints imports surged to $X in 2022. In general, imports posted a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X units), Ireland (X units) and China (X units) were the main suppliers of orthopedic artificial joints imports to Thailand, with a combined X% share of total imports. Germany, the UK, Taiwan (Chinese) and Switzerland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest orthopedic artificial joints suppliers to Thailand were the United States ($X), Ireland ($X) and China ($X), with a combined X% share of total imports. Germany, the UK, Switzerland and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average orthopedic artificial joints import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the import price saw a drastic downturn. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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