Colombia: Medical Reconstruction Cements Market 2024

Medical Reconstruction Cements Market Size in Colombia

In 2021, the Colombian medical reconstruction cements market was finally on the rise to reach $X after two years of decline. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Medical reconstruction cements consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Medical Reconstruction Cements Exports

Exports from Colombia

In 2021, shipments abroad of dental cements and bone reconstruction cements increased by 76% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a pronounced descent. The growth pace was the most rapid in 2020 with an increase of 463% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, medical reconstruction cements exports surged to $X in 2021. In general, exports, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2020 with an increase of 384%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X tons) was the main destination for medical reconstruction cements exports from Colombia, with a 53% share of total exports. Moreover, medical reconstruction cements exports to Chile exceeded the volume sent to the second major destination, Ecuador (X tons), twofold. Bolivia (X tons) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile amounted to +31.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+10.2% per year) and Bolivia (+11.1% per year).

In value terms, Chile ($X) remains the key foreign market for dental cements and bone reconstruction cements exports from Colombia, comprising 73% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a 7.3% share of total exports. It was followed by Mexico, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile amounted to +36.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (-7.8% per year) and Mexico (-20.8% per year).

Export Prices by Country

In 2021, the average medical reconstruction cements export price amounted to $X per ton, picking up by 68% against the previous year. Over the period under review, the export price enjoyed a temperate increase. The most prominent rate of growth was recorded in 2017 an increase of 75% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Bolivia ($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 El Salvador (+26.9%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Reconstruction Cements Imports

Imports into Colombia

In 2021, supplies from abroad of dental cements and bone reconstruction cements increased by 64% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, saw a relatively flat trend pattern. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, medical reconstruction cements imports surged to $X in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Switzerland (X tons) and Germany (X tons) were the main suppliers of medical reconstruction cements imports to Colombia, with a combined 57% share of total imports. These countries were followed by Brazil, Australia, Japan, South Korea and the UK, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +26.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of dental cements and bone reconstruction cements to Colombia, comprising 44% of total imports. The second position in the ranking was held by Switzerland ($X), with a 17% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+4.8% per year) and Germany (+6.7% per year).

Import Prices by Country

The average medical reconstruction cements import price stood at $X per ton in 2021, growing by 5.9% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine years. 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 +66.8% against 2012 indices. The most prominent rate of growth was recorded in 2020 an increase of 23% against the previous year. The import price peaked in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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