Canada: Medical Reconstruction Cements Market 2024

Medical Reconstruction Cements Market Size in Canada

The Canadian medical reconstruction cements market skyrocketed to $X in 2021, picking up by 19% against the previous year. In general, consumption enjoyed a resilient increase. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Medical Reconstruction Cements Production in Canada

In value terms, medical reconstruction cements production rose slightly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate resilient growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 140% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Medical Reconstruction Cements Exports

Exports from Canada

In 2021, exports of dental cements and bone reconstruction cements from Canada dropped rapidly to X tons, which is down by -22.2% against the previous year's figure. In general, exports saw a deep contraction. The pace of growth appeared the most rapid in 2019 with an increase of 34%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, medical reconstruction cements exports reduced notably to $X in 2021. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 18%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for medical reconstruction cements exports from Canada, accounting for a 74% share of total exports. Moreover, medical reconstruction cements exports to the United States exceeded the volume sent to the second major destination, China (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+75.1% per year) and Switzerland (+60.9% per year).

In value terms, the United States ($X) remains the key foreign market for dental cements and bone reconstruction cements exports from Canada, comprising 73% of total exports. The second position in the ranking was taken by China ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+88.0% per year) and Switzerland (+75.0% per year).

Export Prices by Country

The average medical reconstruction cements export price stood at $X per ton in 2021, picking up by 8.3% against the previous year. Overall, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, medical reconstruction cements export price increased by +1.6% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Reconstruction Cements Imports

Imports into Canada

In 2021, medical reconstruction cements imports into Canada surged to X tons, growing by 25% compared with 2020 figures. In general, imports, however, saw a slight setback. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a 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 +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), Germany (X tons) and Japan (X tons) were the main suppliers of medical reconstruction cements imports to Canada, together accounting for 79% of total imports. Switzerland, Ireland, South Korea, Australia and China lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +25.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest medical reconstruction cements suppliers to Canada were the United States ($X), Germany ($X) and Japan ($X), with a combined 79% share of total imports. These countries were followed by Switzerland, Ireland, South Korea, Australia and China, which together accounted for a further 15%.

Ireland, with a CAGR of +32.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average medical reconstruction cements import price stood at $X per ton in 2021, rising by 12% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, medical reconstruction cements import price increased by +9.5% against 2018 indices. The growth pace was the most rapid in 2018 an increase of 15%. The import price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from China ($X per ton) and South Korea ($X per ton), while the price for the United States ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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