Hong Kong SAR, China - Artificial Parts Of The Body (Excl. Artificial Teeth And Dental Fittings And Artificial Joints) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHong Kongs Sees Surge in $52M Export of Orthopedic Prosthetics in October 2023
Hong Kong Orthopedic Prosthetics Exports
In October 2023, overseas shipments of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) increased by 16% to 19K units for the first time since May 2023, thus ending a four-month declining trend. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 with an increase of 45% m-o-m. The exports peaked at 27K units in May 2023; however, from June 2023 to October 2023, the exports remained at a lower figure.
In value terms, orthopedic prosthetics exports skyrocketed to $52M (IndexBox estimates) in October 2023. Overall, exports saw a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| COUNTRY | Export Value of Orthopedic Prosthetics in Hong Kong (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | |
| China | 17.1 | 19.4 | 9.2 | 13.4 | 16.4 | 25.9 | 15.1 | 35.5 | 27.8 | 27.4 | 34.0 | 15.5 | 40.2 |
| South Korea | 1.9 | 0.9 | 2.8 | 2.0 | 1.6 | 1.8 | 2.1 | 3.5 | 1.2 | 2.3 | 2.9 | 0.6 | 3.8 |
| India | 1.6 | 1.5 | 1.7 | 0.8 | 1.5 | 2.3 | 1.9 | 2.9 | 3.1 | 2.4 | 1.4 | 3.2 | 2.3 |
| Australia | 2.2 | 0.3 | 0.5 | 0.5 | 0.7 | 1.5 | 1.7 | 1.6 | 4.2 | 1.3 | 1.1 | 1.4 | 1.5 |
| Taiwan (Chinese) | 1.8 | 1.3 | 1.5 | 1.1 | 1.2 | 1.3 | 1.7 | 1.6 | 1.2 | 1.4 | 2.3 | 1.4 | 1.0 |
| Malaysia | 0.5 | 0.4 | 0.6 | 1.4 | 0.7 | 0.8 | 1.2 | 0.7 | 0.2 | 0.5 | 0.4 | 0.5 | 0.4 |
| United States | < 0.1 | 0.2 | < 0.1 | < 0.1 | 0.1 | < 0.1 | < 0.1 | < 0.1 | 0.1 | 0.1 | 0.2 | 0.5 | 0.1 |
| Others | 3.4 | 2.9 | 3.1 | 1.1 | 3.7 | 4.1 | 3.7 | 2.7 | 3.7 | 6.3 | 3.5 | 3.6 | 2.9 |
| Total | 28.6 | 26.9 | 19.6 | 20.4 | 26.0 | 37.8 | 27.4 | 48.6 | 41.6 | 41.8 | 45.9 | 26.8 | 52.3 |
Exports by Country
China (8.7K units) was the main destination for orthopedic prosthetics exports from Hong Kong, accounting for a 45% share of total exports. Moreover, orthopedic prosthetics exports to China exceeded the volume sent to the second major destination, South Korea (3.5K units), twofold. India (2.6K units) ranked third in terms of total exports with a 13% share.
From October 2022 to October 2023, the average monthly growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: South Korea (+9.5% per month) and India (-1.2% per month).
In value terms, China ($40M) remains the key foreign market for orthopedic prosthetics exports from Hong Kong, comprising 77% of total exports. The second position in the ranking was taken by South Korea ($3.8M), with a 7.3% share of total exports. It was followed by India, with a 4.4% share.
From October 2022 to October 2023, the average monthly growth rate of value to China totaled +7.4%. Exports to the other major destinations recorded the following average monthly rates of exports growth: South Korea (+5.7% per month) and India (+2.9% per month).
Export Prices by Country
In October 2023, the orthopedic prosthetics price stood at $2,713 per unit (FOB, Hong Kong), rising by 69% against the previous month. Over the period under review, export price indicated strong growth from October 2022 to October 2023: its price increased at an average monthly rate of +5.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, orthopedic prosthetics export price increased by +68.6% against September 2023 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was China ($4,618 per unit), while the average price for exports to the United States ($308 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the orthopedic prosthetics market in Hong Kong SAR, China. 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 2030.
Product coverage:
- Prodcom 32502290 - Artificial parts of the body (excluding artificial teeth and dental fittings, artificial joints, orthopaedic and fracture appliances, h eart pacemakers)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
