Australia and Oceania: Medical Reconstruction Cements Market 2024

Medical Reconstruction Cements Market Size in Australia and Oceania

The medical reconstruction cements market in Australia and Oceania surged to $X in 2021, growing by 17% against the previous year. The total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.8% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Medical Reconstruction Cements Production in Australia and Oceania

In value terms, medical reconstruction cements production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 44% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Medical Reconstruction Cements Exports

Exports in Australia and Oceania

In 2021, shipments abroad of dental cements and bone reconstruction cements was finally on the rise to reach X tons after two years of decline. In general, exports, however, recorded a deep contraction. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, medical reconstruction cements exports surged to $X in 2021. Over the period under review, exports, however, showed a deep downturn. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Australia (X tons) was the main exporter of dental cements and bone reconstruction cements in Australia and Oceania, mixing up 99% of total export.

Australia was also the fastest-growing in terms of the dental cements and bone reconstruction cements exports, with a CAGR of -9.7% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest medical reconstruction cements supplier in Australia and Oceania.

In Australia, medical reconstruction cements exports decreased by an average annual rate of -8.3% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, with an increase of 12% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to +1.6% per year.

Medical Reconstruction Cements Imports

Imports in Australia and Oceania

In 2021, the amount of dental cements and bone reconstruction cements imported in Australia and Oceania reached X tons, picking up by 13% on the previous year. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 21%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, medical reconstruction cements imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 24% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Australia represented the main importer of dental cements and bone reconstruction cements in Australia and Oceania, with the volume of imports reaching X tons, which was approx. 81% of total imports in 2021. It was distantly followed by New Zealand (X tons), creating a 15% share of total imports.

Imports into Australia decreased at an average annual rate of -1.4% from 2012 to 2021. At the same time, New Zealand (+9.0%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +9.0% from 2012-2021. While the share of New Zealand (+8.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-7.7 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported dental cements and bone reconstruction cements in Australia and Oceania, comprising 84% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia was relatively modest.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, surging by 6.8% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2016 an increase of 30% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+2.2%).

Source: IndexBox Platform

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