Ecuador: Medical Reconstruction Cements Market 2024

Medical Reconstruction Cements Market Size in Ecuador

The Ecuadorian medical reconstruction cements market soared to $X in 2021, with an increase of 108% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -10.9% against 2019 indices. Medical reconstruction cements consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Medical Reconstruction Cements Exports

Exports from Ecuador

After two years of growth, shipments abroad of dental cements and bone reconstruction cements decreased by -38.7% to X kg in 2021. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 417%. The exports peaked at X kg in 2020, and then shrank notably in the following year.

In value terms, medical reconstruction cements exports dropped markedly to $X in 2021. Over the period under review, exports, however, recorded a temperate increase. The most prominent rate of growth was recorded in 2014 when exports increased by 345% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Peru (X kg) was the main destination for medical reconstruction cements exports from Ecuador, with a 98% share of total exports. It was followed by Chile (X kg), with a 1.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Peru totaled +14.1%.

In value terms, Peru ($X) remains the key foreign market for dental cements and bone reconstruction cements exports from Ecuador, comprising 99% of total exports. The second position in the ranking was taken by Chile ($X), with a 1.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Peru amounted to +18.3%.

Export Prices by Country

In 2021, the average medical reconstruction cements export price amounted to $X per ton, with an increase of 14% against the previous year. Overall, the export price posted a temperate expansion. The pace of growth appeared the most rapid in 2015 an increase of 85%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Chile stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+48.0%), while the prices for the other major destinations experienced mixed trend patterns.

Medical Reconstruction Cements Imports

Imports into Ecuador

In 2021, overseas purchases of dental cements and bone reconstruction cements were finally on the rise to reach X tons after two years of decline. In general, total imports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.6% against 2018 indices. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, medical reconstruction cements imports soared to $X in 2021. Overall, imports showed a prominent expansion. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Switzerland (X tons) constituted the largest medical reconstruction cements supplier to Ecuador, accounting for a 47% share of total imports. Moreover, medical reconstruction cements imports from Switzerland exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Brazil (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 Switzerland amounted to +23.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.3% per year) and Brazil (+10.2% per year).

In value terms, the largest medical reconstruction cements suppliers to Ecuador were the United States ($X), Switzerland ($X) and Brazil ($X), together accounting for 65% of total imports. These countries were followed by Germany, Japan, Italy, Colombia and the Netherlands, which together accounted for a further 29%.

In terms of the main suppliers, Japan, with a CAGR of +44.1%, recorded the highest rates of growth with regard to the value of imports, 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, dropping by -8.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 16%. The import price peaked at $X per ton in 2020, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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