Ukraine: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Ukraine

The Ukrainian orthopedic prosthetics market reduced remarkably to $X in 2022, with a decrease of -34.5% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Orthopedic Prosthetics Production in Ukraine

In value terms, orthopedic prosthetics production declined sharply to $X in 2022 estimated in export price. In general, production recorded a abrupt downturn. The growth pace was the most rapid in 2018 when the production volume increased by 38% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Orthopedic Prosthetics Exports

Exports from Ukraine

Orthopedic prosthetics exports from Ukraine shrank dramatically to X units in 2022, which is down by -47.3% on the year before. In general, exports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 281% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, orthopedic prosthetics exports shrank significantly to $X in 2022. Over the period under review, exports saw a perceptible contraction. The most prominent rate of growth was recorded in 2019 with an increase of 221%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units) was the main destination for orthopedic prosthetics exports from Ukraine, with a 93% share of total exports. Moreover, orthopedic prosthetics exports to Turkey exceeded the volume sent to the second major destination, the Netherlands (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey stood at +48.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-2.2% per year) and Georgia (+63.3% per year).

In value terms, Turkey ($X), the Netherlands ($X) and Georgia ($X) constituted the largest markets for orthopedic prosthetics exported from Ukraine worldwide, together accounting for 72% of total exports.

Among the main countries of destination, Georgia, with a CAGR of +61.1%, recorded the highest rates of growth with regard to 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 prosthetics export price stood at $X per unit in 2022, with a decrease of -38.4% against the previous year. Overall, the export price continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2013 an increase of 115% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.4%), while the prices for the other major destinations experienced a decline.

Orthopedic Prosthetics Imports

Imports into Ukraine

Orthopedic prosthetics imports into Ukraine contracted to X units in 2022, waning by -13.7% on the previous year. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 45%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, orthopedic prosthetics imports reduced notably to $X in 2022. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 40%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest orthopedic prosthetics supplier to Ukraine, accounting for a 31% share of total imports. Moreover, orthopedic prosthetics imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was held by Turkey (X units), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.6% per year) and Turkey (+8.6% per year).

In value terms, the United States ($X) constituted the largest supplier of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) to Ukraine, comprising 36% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Ireland, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to -8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.7% per year) and Ireland (-11.5% per year).

Import Prices by Country

The average orthopedic prosthetics import price stood at $X per unit in 2022, which is down by -2.6% against the previous year. Overall, the import price showed a abrupt curtailment. The growth pace was the most rapid in 2017 when the average import price increased by 18%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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