Report Update Nov 1, 2024

Colombia - Artificial Joints for Orthopedic Purposes - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Orthopedic Artificial Joints Market 2024

Orthopedic Artificial Joints Market Size in Colombia

After ten years of growth, the Colombian orthopedic artificial joints market decreased by -69.6% to $X in 2022. Overall, consumption continues to indicate a dramatic slump. As a result, consumption attained the peak level of $X, and then shrank sharply in the following year.

Orthopedic Artificial Joints Exports

Exports from Colombia

In 2022, the amount of artificial joints for orthopedic purposes exported from Colombia totaled X units, approximately mirroring 2021 figures. In general, exports saw a relatively flat trend pattern. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, orthopedic artificial joints exports skyrocketed to $X in 2022. Over the period under review, exports saw a strong increase. The growth pace was the most rapid in 2016 when exports increased by 170% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Orthopedic Artificial Joints Imports

Imports into Colombia

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 -61% to X units. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 2,843% against the previous year. As a result, imports attained the peak of X units, and then shrank markedly in the following year.

In value terms, orthopedic artificial joints imports dropped to $X in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of orthopedic artificial joints to Colombia, accounting for a 36% share of total imports. Moreover, orthopedic artificial joints imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was taken by Belgium (X units), with an 11% share.

From 2020 to 2022, the average annual growth rate of volume from Germany totaled +298.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+164.3% per year) and Belgium (+315.3% per year).

In value terms, Germany ($X), the United States ($X) and Belgium ($X) appeared to be the largest orthopedic artificial joints suppliers to Colombia, together comprising 45% of total imports. Switzerland, Brazil, the Netherlands, Denmark, Italy, the UK, Austria, Iceland, France and Ireland lagged somewhat behind, together comprising a further 18%.

Among the main suppliers, the Netherlands, with a CAGR of +1,326.5%, recorded the highest growth rate of the value of imports, 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, growing by 133% against the previous year. Over the period under review, the import price, however, saw a sharp decline. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-31.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The countries with the highest volumes of orthopedic artificial joints consumption in 2020 were the U.S., China and Japan, with a combined 57% share of global consumption. Brazil, Switzerland, Belgium, Germany, Ethiopia, Italy, France, the UK and South Korea lagged somewhat behind, together comprising a further 24%.

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

The U.S. constituted the country with the largest volume of orthopedic artificial joints production, comprising approx. 47% of total volume. Moreover, orthopedic artificial joints production in the U.S. exceeded the figures recorded by the second-largest producer, China, threefold. The third position in this ranking was occupied by Ireland, with a 5.2% share.

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

In value terms, the largest orthopedic artificial joints suppliers to Colombia were Germany, the U.S. and France, with a combined 68% share of total imports. Ireland, Switzerland, China and the UK lagged somewhat behind, together comprising a further 15%.

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

In value terms, Belgium, the U.S. and Mexico were the largest markets for orthopedic artificial joints exported from Colombia worldwide, together accounting for 83% of total exports. Argentina, Germany and Peru lagged somewhat behind, together comprising a further 13%.

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

In 2020, the average orthopedic artificial joints export price amounted to $594,220 per ton, which is down by -29.5% against the previous year.

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

The average orthopedic artificial joints import price stood at $613,137 per ton in 2020, falling by -7.4% against the previous year.

This report provides an in-depth analysis of the orthopedic artificial joints market in Colombia. 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 32502235 - Artificial joints

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023