Report Update Nov 1, 2024

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

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South Africa: Orthopedic Artificial Joints Market 2024

Orthopedic Artificial Joints Market Size in South Africa

For the eleventh year in a row, the South African orthopedic artificial joints market recorded growth in sales value, which increased by 217% to $X in 2022. Overall, consumption, however, saw significant growth. Orthopedic artificial joints consumption peaked in 2022 and is likely to continue growth in years to come.

Orthopedic Artificial Joints Production in South Africa

In value terms, orthopedic artificial joints production stood at less than $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume decreased by 99.9%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Orthopedic Artificial Joints Exports

Exports from South Africa

In 2022, the amount of artificial joints for orthopedic purposes exported from South Africa stood at less than X units, flattening at the previous year. Overall, exports recorded a relatively flat trend pattern. The smallest decline of 99.9% was in 2021. Over the period under review, the exports attained the peak figure at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, orthopedic artificial joints exports contracted modestly to $X in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 768% against the previous year. The exports peaked at $X in 2021, and then fell modestly in the following year.

Orthopedic Artificial Joints Imports

Imports into South Africa

In 2022, after ten years of growth, there was significant decline in purchases abroad of artificial joints for orthopedic purposes, when their volume decreased by -91.9% to X units. Overall, imports, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2021 when imports increased by 1,194% against the previous year. As a result, imports attained the peak of X units, and then fell significantly in the following year.

In value terms, orthopedic artificial joints imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X units) constituted the largest orthopedic artificial joints supplier to South Africa, with a 39% share of total imports. Moreover, orthopedic artificial joints imports from the United States exceeded the figures recorded by the second-largest supplier, Switzerland (X units), twofold. The third position in this ranking was taken by Ireland (X units), with a 14% share.

From 2020 to 2022, the average annual rate of growth in terms of volume from the United States totaled +25.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-9.0% per year) and Ireland (+10.7% per year).

In value terms, the United States ($X) constituted the largest supplier of artificial joints for orthopedic purposes to South Africa, comprising 39% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 17% share of total imports. It was followed by Ireland, with a 14% share.

From 2020 to 2022, the average annual growth rate of value from the United States stood at +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+14.2% per year) and Ireland (+39.0% per year).

Import Prices by Country

The average orthopedic artificial joints import price stood at $X per unit in 2022, jumping by 1,239% against the previous year. Over the period under review, the import price showed prominent growth. As a result, import price reached 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 Switzerland ($X per unit) and the United States ($X per unit), while the price for Italy ($X per unit) and China ($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 (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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 accounting for a further 24%.

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

The U.S. remains the largest orthopedic artificial joints producing country worldwide, 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 South Africa?

In value terms, the U.S. constituted the largest supplier of orthopedic artificial joints to South Africa, comprising 44% of total imports. The second position in the ranking was occupied by Switzerland, with a 18% share of total imports. It was followed by Ireland, with a 9.9% share.

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

In value terms, Namibia emerged as the key foreign market for orthopedic artificial joints exports from South Africa, comprising 49% of total exports. The second position in the ranking was occupied by the UK, with a 12% share of total exports. It was followed by the U.S., with a 12% share.

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

The average orthopedic artificial joints export price stood at $633,154 per ton in 2020, picking up by 43% against the previous year.

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

The average orthopedic artificial joints import price stood at $809,590 per ton in 2020, increasing by 18% against the previous year.

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

South Africa

Data coverage:

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