New Zealand: Orthopedic Artificial Joints Market 2024

Orthopedic Artificial Joints Market Size in New Zealand

The New Zealand orthopedic artificial joints market shrank notably to $X in 2022, waning by -89.1% against the previous year. Over the period under review, consumption showed a precipitous descent. The pace of growth appeared the most rapid in 2021 when the market value decreased by -5.9%. Orthopedic artificial joints consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Orthopedic Artificial Joints Production in New Zealand

In value terms, orthopedic artificial joints production surged to $X in 2022 estimated in export price. Overall, production showed a significant expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Orthopedic Artificial Joints Exports

Exports from New Zealand

After ten years of growth, shipments abroad of artificial joints for orthopedic purposes decreased by -87% to X units in 2022. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 430% against the previous year. As a result, the exports reached the peak of X units, and then reduced notably in the following year.

In value terms, orthopedic artificial joints exports expanded rapidly to $X in 2022. Overall, exports, however, posted a modest increase. The growth pace was the most rapid in 2017 when exports increased by 192%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

The United States (X units), Belgium (X units) and the Netherlands (X units) were the main destinations of orthopedic artificial joints exports from New Zealand, together accounting for 88% of total exports.

From 2020 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +1,066.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Belgium ($X) and the Netherlands ($X) constituted the largest markets for orthopedic artificial joints exported from New Zealand worldwide, with a combined 88% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +2,861.0%, saw the highest growth rate of the value of exports, 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, growing by 742% against the previous year. In general, the export price recorded a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+153.9%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopedic Artificial Joints Imports

Imports into New Zealand

In 2022, overseas purchases of artificial joints for orthopedic purposes decreased by -98.7% to X units for the first time since 2011, thus ending a ten-year rising trend. Overall, imports continue to indicate a sharp setback. The growth pace was the most rapid in 2021 when imports increased by 296%. As a result, imports reached the peak of X units, and then fell remarkably in the following year.

In value terms, orthopedic artificial joints imports reduced to $X in 2022. In general, imports, however, enjoyed mild growth. The most prominent rate of growth was recorded in 2018 with an increase of 72% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

The United States (X units), Ireland (X units) and Switzerland (X units) were the main suppliers of orthopedic artificial joints imports to New Zealand, with a combined 63% share of total imports. France, Italy, Germany and the UK lagged somewhat behind, together comprising a further 31%.

From 2020 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of -75.7%), while imports for the other leaders experienced a decline.

In value terms, the largest orthopedic artificial joints suppliers to New Zealand were the United States ($X), Ireland ($X) and Switzerland ($X), together accounting for 65% of total imports. Italy, France, Germany and the UK lagged somewhat behind, together accounting for a further 31%.

Among the main suppliers, France, with a CAGR of +11.0%, saw 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 artificial joints import price amounted to $X per unit, jumping by 7,293% against the previous year. Overall, the import price enjoyed a significant expansion. 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 highest price was recorded for prices from the United States ($X per unit) and Ireland ($X per unit), while the price for Germany ($X per unit) and France ($X per unit) were amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+361.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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