Dominican Republic: Medical Reconstruction Cements Market 2024

Medical Reconstruction Cements Market Size in the Dominican Republic

The Dominican medical reconstruction cements market dropped to $X in 2021, declining by -8.3% against the previous year. Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +29.6% against 2019 indices. As a result, consumption reached the peak level of $X, and then declined in the following year.

Medical Reconstruction Cements Production in the Dominican Republic

In value terms, medical reconstruction cements production fell remarkably to $X in 2021 estimated in export price. In general, the total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +34.1% against 2019 indices. The growth pace was the most rapid in 2020 when the production volume increased by 68%. As a result, production attained the peak level of $X, and then contracted remarkably in the following year.

Medical Reconstruction Cements Exports

Exports from the Dominican Republic

In 2021, overseas shipments of dental cements and bone reconstruction cements increased by 1.2% to X tons, rising for the second consecutive year after seven years of decline. In general, exports, however, showed a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 509%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, medical reconstruction cements exports declined notably to $X in 2021. Over the period under review, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 362%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Haiti (X tons) was the main destination for medical reconstruction cements exports from the Dominican Republic, with a 90% share of total exports. Moreover, medical reconstruction cements exports to Haiti exceeded the volume sent to the second major destination, Turks and Caicos Islands (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Haiti was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turks and Caicos Islands (0.0% per year) and Cuba (-45.7% per year).

In value terms, Haiti ($X) emerged as the key foreign market for dental cements and bone reconstruction cements exports from the Dominican Republic, comprising 87% of total exports. The second position in the ranking was taken by Turks and Caicos Islands ($X), with an 8.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Haiti totaled -2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turks and Caicos Islands (+267.4% per year) and Cuba (-35.3% per year).

Export Prices by Country

The average medical reconstruction cements export price stood at $X per ton in 2021, declining by -39.6% against the previous year. In general, the export price, however, enjoyed moderate growth. The growth pace was the most rapid in 2018 an increase of 95% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Haiti ($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 the United States (+30.7%), while the prices for the other major destinations experienced mixed trend patterns.

Medical Reconstruction Cements Imports

Imports into the Dominican Republic

In 2021, approx. X tons of dental cements and bone reconstruction cements were imported into the Dominican Republic; increasing by 217% compared with 2020. Overall, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, medical reconstruction cements imports surged to $X in 2021. Over the period under review, imports saw a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of medical reconstruction cements to the Dominican Republic, with a 41% share of total imports. Moreover, medical reconstruction cements imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Germany (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+66.7% per year) and Germany (+19.8% per year).

In value terms, the largest medical reconstruction cements suppliers to the Dominican Republic were the United States ($X), Switzerland ($X) and Germany ($X), together comprising 56% of total imports. Brazil, Italy, China and Colombia lagged somewhat behind, together accounting for a further 33%.

Italy, with a CAGR of +48.5%, 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

In 2021, the average medical reconstruction cements import price amounted to $X per ton, declining by -5.5% against the previous year. In general, the import price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2020 an increase of 17% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, 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 Switzerland ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :