Argentina: Orthopedic Artificial Joints Market 2024

Orthopedic Artificial Joints Market Size in Argentina

The Argentinian orthopedic artificial joints market skyrocketed to $X in 2022, rising by 10,282% against the previous year. Over the period under review, consumption saw significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Orthopedic Artificial Joints Production in Argentina

In value terms, orthopedic artificial joints production skyrocketed to $X in 2022 estimated in export price. Overall, production continues to indicate a significant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Orthopedic Artificial Joints Exports

Exports from Argentina

In 2022, the amount of artificial joints for orthopedic purposes exported from Argentina reduced markedly to X units, shrinking by -89.8% compared with 2021. In general, exports recorded a dramatic decrease. Over the period under review, the exports reached the peak figure at X units in 2021, and then fell significantly in the following year.

In value terms, orthopedic artificial joints exports dropped rapidly to $X in 2022. Over the period under review, exports, however, saw a buoyant expansion. The growth pace was the most rapid in 2021 when exports increased by 816% against the previous year. As a result, the exports reached the peak of $X, and then contracted significantly in the following year.

Exports by Country

France (X units), Uruguay (X units) and Venezuela (X units) were the main destinations of orthopedic artificial joints exports from Argentina, together comprising 77% of total exports. Colombia, the Dominican Republic, Peru, El Salvador, Brazil, Australia, Germany and Switzerland lagged somewhat behind, together comprising a further 16%.

From 2021 to 2022, the biggest increases were recorded for Australia (with a CAGR of +337.9%), while shipments for the other leaders experienced a decline.

In value terms, France ($X), Uruguay ($X) and Venezuela ($X) appeared to be the largest markets for orthopedic artificial joints exported from Argentina worldwide, together comprising 52% of total exports. Colombia, the Dominican Republic, Peru, El Salvador, Brazil, Australia, Germany and Switzerland lagged somewhat behind, together accounting for a further 11%.

Australia, with a CAGR of +2,501.7%, saw 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 2022, the average orthopedic artificial joints export price amounted to $X per unit, surging by 442% against the previous year. Overall, the export price recorded significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to France ($X per unit) and Uruguay ($X per unit), while the average price for exports to Switzerland ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+494.1%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopedic Artificial Joints Imports

Imports into Argentina

In 2022, after ten years of growth, there was significant decline in overseas purchases of artificial joints for orthopedic purposes, when their volume decreased by -86.8% to X units. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 1,018%. As a result, imports attained the peak of X units, and then declined notably in the following year.

In value terms, orthopedic artificial joints imports surged to $X in 2022. In general, imports, however, showed a strong expansion. The growth pace was the most rapid in 2021 with an increase of 58% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

The United States (X units), Italy (X units) and Germany (X units) were the main suppliers of orthopedic artificial joints imports to Argentina, together accounting for 48% of total imports. Taiwan (Chinese), the UK, France, China and Switzerland lagged somewhat behind, together accounting for a further 41%.

From 2020 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 +66.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest orthopedic artificial joints suppliers to Argentina were the United States ($X), Italy ($X) and Germany ($X), together accounting for 50% of total imports. Taiwan (Chinese), the UK, France, China and Switzerland lagged somewhat behind, together accounting for a further 42%.

Taiwan (Chinese), with a CAGR of +159.0%, saw the highest growth rate of the value of imports, among 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, increasing by 1,065% against the previous year. In general, the import price enjoyed significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per unit) and Germany ($X per unit), while the price for Switzerland ($X per unit) and China ($X per unit) were amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by China (+55.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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