Hong Kong SAR, China: Medical Reconstruction Cements Market 2024

Medical Reconstruction Cements Market Size in Hong Kong SAR, China

In 2021, the Hong Kong medical reconstruction cements market increased by 3.2% to $X, rising for the fifth consecutive year after two years of decline. The market value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the near future.

Medical Reconstruction Cements Production in Hong Kong SAR, China

In value terms, medical reconstruction cements production contracted notably to $X in 2021 estimated in export price. In general, production, however, continues to indicate a significant increase. The growth pace was the most rapid in 2016 when the production volume increased by 769% against the previous year. Medical reconstruction cements production peaked at $X in 2020, and then dropped significantly in the following year.

Medical Reconstruction Cements Exports

Exports from Hong Kong SAR, China

In 2021, after four years of decline, there was significant growth in overseas shipments of dental cements and bone reconstruction cements, when their volume increased by 57% to X tons. Overall, exports, however, continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2016 when exports increased by 67% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, medical reconstruction cements exports surged to $X in 2021. In general, exports, however, continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2016 with an increase of 70%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for medical reconstruction cements exports from Hong Kong SAR, with a 41% share of total exports. Moreover, medical reconstruction cements exports to China exceeded the volume sent to the second major destination, India (X tons), fourfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled -7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+21.8% per year) and Taiwan (Chinese) (-5.9% per year).

In value terms, China ($X) remains the key foreign market for dental cements and bone reconstruction cements exports from Hong Kong SAR, comprising 41% of total exports. The second position in the ranking was taken by India ($X), with an 11% share of total exports. It was followed by Taiwan (Chinese), with a 10% share.

From 2012 to 2021, the average annual growth rate of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+32.0% per year) and Taiwan (Chinese) (+1.9% per year).

Export Prices by Country

The average medical reconstruction cements export price stood at $X per ton in 2021, with an increase of 8% against the previous year. Overall, export price indicated a resilient increase 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 decreased by -6.3% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 35%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per ton) and Vietnam ($X per ton), while the average price for exports to China ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Reconstruction Cements Imports

Imports into Hong Kong SAR, China

After seven years of decline, supplies from abroad of dental cements and bone reconstruction cements increased by 53% to X tons in 2021. In general, imports, however, faced a abrupt contraction. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, medical reconstruction cements imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt descent. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of medical reconstruction cements to Hong Kong SAR, accounting for a 44% share of total imports. Moreover, medical reconstruction cements imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at +92.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-13.7% per year) and the United States (-21.4% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of dental cements and bone reconstruction cements to Hong Kong SAR, comprising 44% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by the United States, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands totaled +104.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.6% per year) and the United States (-16.7% per year).

Import Prices by Country

In 2021, the average medical reconstruction cements import price amounted to $X per ton, with an increase of 8.1% 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 +5.9% 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 +68.0% against 2012 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by 15%. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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