Turkey: Orthopedic Artificial Joints Market 2024

Orthopedic Artificial Joints Market Size in Turkey

The Turkish orthopedic artificial joints market declined to $X in 2022, shrinking by -6.3% against the previous year. Overall, consumption, however, recorded a deep downturn. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Orthopedic Artificial Joints Production in Turkey

In value terms, orthopedic artificial joints production expanded slightly to $X in 2022 estimated in export price. Overall, production saw a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 134% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Orthopedic Artificial Joints Exports

Exports from Turkey

In 2022, exports of artificial joints for orthopedic purposes from Turkey soared to X units, jumping by 101% against 2021 figures. Over the period under review, exports recorded a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, orthopedic artificial joints exports surged to $X in 2022. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 67%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Azerbaijan (X units), the UK (X units) and the United States (X units) were the main destinations of orthopedic artificial joints exports from Turkey, with a combined 44% share of total exports. Iran, Germany, France, Italy, the United Arab Emirates, Belarus, Ukraine, China, the Netherlands and Mexico lagged somewhat behind, together accounting for a further 36%.

From 2020 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +446.1%), while the other leaders experienced more modest paces of growth.

In value terms, Azerbaijan ($X), the UK ($X) and the United States ($X) were the largest markets for orthopedic artificial joints exported from Turkey worldwide, together comprising 44% of total exports. Iran, Germany, France, Italy, the United Arab Emirates, Belarus, Ukraine, China, the Netherlands and Mexico lagged somewhat behind, together comprising a further 36%.

Among the main countries of destination, Italy, with a CAGR of +608.2%, recorded 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

The average orthopedic artificial joints export price stood at $X per unit in 2022, reducing by -34.7% against the previous year. In general, export price indicated a moderate increase from 2020 to 2022: its price increased at an average annual rate of +3.2% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, orthopedic artificial joints export price increased by +6.5% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 63% against the previous year. As a result, the export price attained the peak level of $X per unit, and then contracted markedly in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per unit) and Azerbaijan ($X per unit), while the average price for exports to the Netherlands ($X per unit) and the United Arab Emirates ($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 Italy (+29.7%), while the prices for the other major destinations experienced more modest paces of growth.

Orthopedic Artificial Joints Imports

Imports into Turkey

Orthopedic artificial joints imports into Turkey soared to X units in 2022, picking up by 411% on 2021 figures. In general, imports, however, continue to indicate a sharp reduction. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, orthopedic artificial joints imports skyrocketed to $X in 2022. Overall, imports, however, saw a pronounced decrease. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

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 Turkey, with a combined 73% share of total imports. China, Germany, India, France, the UK and Italy lagged somewhat behind, together comprising a further 23%.

From 2020 to 2022, the biggest increases were recorded for China (with a CAGR of +171.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Ireland ($X) and Switzerland ($X) constituted the largest orthopedic artificial joints suppliers to Turkey, together accounting for 75% of total imports. China, Germany, India, France, Italy and the UK lagged somewhat behind, together comprising a further 23%.

Among the main suppliers, China, with a CAGR of +660.7%, saw the highest rates of growth with regard to 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, waning by -67.1% against the previous year. In general, the import price, however, recorded significant growth. The growth pace was the most rapid in 2021 an increase of 1,403% against the previous year. As a result, import price reached the peak level of $X per unit, and then declined significantly in the following year.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+1,815.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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