Greece: Medical Reconstruction Cements Market 2024

Medical Reconstruction Cements Market Size in Greece

In 2021, the Greek medical reconstruction cements market increased by 7.1% to $X, rising for the fifth year in a row after four years of decline. Overall, consumption showed a measured expansion. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Medical Reconstruction Cements Production in Greece

In value terms, medical reconstruction cements production shrank significantly to $X in 2021 estimated in export price. In general, production, however, recorded a strong increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by 669%. Medical reconstruction cements production peaked at $X in 2020, and then fell significantly in the following year.

Medical Reconstruction Cements Exports

Exports from Greece

In 2021, overseas shipments of dental cements and bone reconstruction cements increased by 47% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt decrease. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, medical reconstruction cements exports skyrocketed to $X in 2021. Over the period under review, exports, however, faced a abrupt downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 65% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for medical reconstruction cements exports from Greece, with a 31% share of total exports. Moreover, medical reconstruction cements exports to the United States exceeded the volume sent to the second major destination, Morocco (X tons), threefold. Israel (X kg) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+8.7% per year) and Israel (-4.1% per year).

In value terms, the largest markets for medical reconstruction cements exported from Greece were Cyprus ($X), Turkey ($X) and the United States ($X), together accounting for 40% of total exports. These countries were followed by Romania, Russia, Libya, Morocco, Israel, Chile, Qatar, France, the UK and Cote d'Ivoire, which together accounted for a further 36%.

Among the main countries of destination, Chile, with a CAGR of +64.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average medical reconstruction cements export price amounted to $X per ton, approximately reflecting the previous year. In general, the export price enjoyed temperate growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 103% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to the United States ($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 Turkey (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Reconstruction Cements Imports

Imports into Greece

In 2021, overseas purchases of dental cements and bone reconstruction cements increased by 71% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, showed a drastic downturn. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, medical reconstruction cements imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest medical reconstruction cements supplier to Greece, with a 60% share of total imports. Moreover, medical reconstruction cements imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sevenfold. The third position in this ranking was taken by France (X tons), with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+4.2% per year) and France (-2.3% per year).

In value terms, Germany ($X) constituted the largest supplier of dental cements and bone reconstruction cements to Greece, comprising 45% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 19% share of total imports. It was followed by Belgium, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+27.2% per year) and Belgium (+8.4% per year).

Import Prices by Country

In 2021, the average medical reconstruction cements import price amounted to $X per ton, with a decrease of -19.3% against the previous year. Over the period under review, the import price, however, showed buoyant growth. The pace of growth was the most pronounced in 2014 an increase of 87% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then declined sharply 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 the Netherlands ($X per ton), while the price for Germany ($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 (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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