Report Update Nov 1, 2024

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

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Cuba: Orthopedic Artificial Joints Market 2024

Orthopedic Artificial Joints Market Size in Cuba

The Cuban orthopedic artificial joints market soared to $X in 2021, increasing by 36% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a tangible expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Orthopedic Artificial Joints Exports

Exports from Cuba

Orthopedic artificial joints exports from Cuba totaled X units in 2019, approximately reflecting 2018 figures. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 632%. Over the period under review, the exports reached the maximum in 2019 and are likely to continue growth in years to come.

In value terms, orthopedic artificial joints exports totaled $X in 2019. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 1,058% against the previous year. The exports peaked in 2019 and are expected to retain growth in years to come.

Exports by Country

Switzerland (X units) was the main destination for orthopedic artificial joints exports from Cuba, accounting for a 94% share of total exports. Moreover, orthopedic artificial joints exports to Switzerland exceeded the volume sent to the second major destination, Germany (X units), more than tenfold.

From 2014 to 2019, the average annual rate of growth in terms of volume to Switzerland was relatively modest.

From 2014 to 2019, the average annual rate of growth in terms of value to Switzerland was relatively modest.

Export Prices by Country

In 2019, the average orthopedic artificial joints export price amounted to $X per unit, approximately equating the previous year. Overall, the export price saw a pronounced increase. The most prominent rate of growth was recorded in 2017 an increase of 118%. Over the period under review, the average export prices reached the peak figure in 2019 and is expected to retain growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2019, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Switzerland stood at $X per unit.

From 2014 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to France (+5.4%).

Orthopedic Artificial Joints Imports

Imports into Cuba

In 2021, imports of artificial joints for orthopedic purposes into Cuba surged to X units, increasing by 18% on the year before. In general, imports, however, recorded a pronounced descent. The growth pace was the most rapid in 2013 when imports increased by 158%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, orthopedic artificial joints imports skyrocketed to $X in 2021. Over the period under review, imports posted a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 148% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Spain (X units) and Germany (X units) were the main suppliers of orthopedic artificial joints imports to Cuba, with a combined 99% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +7.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of artificial joints for orthopedic purposes to Cuba, comprising 87% of total imports. The second position in the ranking was taken by Spain ($X), with a 10% share of total imports. It was followed by Germany, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-5.1% per year) and Germany (+5.6% per year).

Import Prices by Country

The average orthopedic artificial joints import price stood at $X per unit in 2021, picking up by 23% against the previous year. Over the period under review, the import price enjoyed a remarkable increase. The growth pace was the most rapid in 2018 an increase of 89% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+23.2%), 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, together comprising 57% 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 country with the largest volume of orthopedic artificial joints production was the U.S., accounting for 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 Cuba?

In value terms, Germany constituted the largest supplier of orthopedic artificial joints to Cuba.

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

In value terms, France remains the key foreign market for orthopedic artificial joints exports from Cuba.

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

In 2017, the average orthopedic artificial joints export price amounted to $1,570 per kg, increasing by 22% against the previous year.

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

The average orthopedic artificial joints import price stood at $400,005 per ton in 2020, with a decrease of -47.2% against the previous year.

This report provides an in-depth analysis of the orthopedic artificial joints market in Cuba. 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:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
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