Jordan: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Jordan

The Jordanian orthopedic prosthetics market dropped rapidly to $X in 2022, which is down by -52.3% 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). In general, consumption continues to indicate a mild shrinkage. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Orthopedic Prosthetics Exports

Exports from Jordan

In 2022, the amount of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exported from Jordan soared to X units, rising by 55% compared with the previous year's figure. Overall, exports saw a buoyant expansion. The growth pace was the most rapid in 2016 when exports increased by 3,043% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, orthopedic prosthetics exports soared to $X in 2022. In general, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of 2,228%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Free Zones (X units) was the main destination for orthopedic prosthetics exports from Jordan, accounting for a 77% share of total exports. Moreover, orthopedic prosthetics exports to Free Zones exceeded the volume sent to the second major destination, Italy (X units), fourfold. Iraq (X units) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume to Free Zones amounted to +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+244.1% per year) and Iraq (-9.0% per year).

In value terms, Free Zones ($X) emerged as the key foreign market for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) exports from Jordan, comprising 77% of total exports. The second position in the ranking was taken by Italy ($X), with a 20% share of total exports. It was followed by Iraq, with a 1.7% share.

From 2012 to 2022, the average annual growth rate of value to Free Zones amounted to +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+285.4% per year) and Iraq (-13.4% per year).

Export Prices by Country

The average orthopedic prosthetics export price stood at $X per unit in 2022, reducing by -6.5% against the previous year. In general, the export price continues to indicate a slight contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by 115% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per unit) and Iraq ($X per unit), while the average price for exports to Italy ($X per unit) and Free Zones ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+12.0%), while the prices for the other major destinations experienced mixed trend patterns.

Orthopedic Prosthetics Imports

Imports into Jordan

In 2022, approx. X units of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) were imported into Jordan; declining by -49.1% compared with the year before. In general, imports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, orthopedic prosthetics imports reduced dramatically to $X in 2022. Overall, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 96% against the previous year. Imports peaked at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

The United States (X units), Ireland (X units) and Mexico (X units) were the main suppliers of orthopedic prosthetics imports to Jordan, with a combined 62% share of total imports. Germany, Switzerland, Costa Rica, Japan, the UK, Singapore, Brazil, France, Turkey and the Netherlands lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +75.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest orthopedic prosthetics suppliers to Jordan were the United States ($X), Ireland ($X) and Mexico ($X), together accounting for 62% of total imports. Germany, Switzerland, Costa Rica, Japan, the UK, Singapore, Brazil, France, Turkey and the Netherlands lagged somewhat behind, together accounting for a further 30%.

Among the main suppliers, Japan, with a CAGR of +95.6%, 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

In 2022, the average orthopedic prosthetics import price amounted to $X per unit, increasing by 5.1% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, orthopedic prosthetics import price increased by +74.2% against 2016 indices. The growth pace was the most rapid in 2013 when the average import price increased by 77% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per unit) and Turkey ($X per unit), while the price for Singapore ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform