Ireland: Medical Reconstruction Cements Market 2024

Medical Reconstruction Cements Market Size in Ireland

In 2021, the Irish medical reconstruction cements market increased by 1,112% to $X, rising for the third consecutive year after four years of decline. In general, consumption recorded a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Medical Reconstruction Cements Production in Ireland

In value terms, medical reconstruction cements production soared to $X in 2021 estimated in export price. Over the period under review, production saw a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 412%. Medical reconstruction cements production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Medical Reconstruction Cements Exports

Exports from Ireland

In 2021, approx. X tons of dental cements and bone reconstruction cements were exported from Ireland; surging by 21% compared with the previous year's figure. In general, exports recorded resilient growth. The pace of growth was the most pronounced in 2015 when exports increased by 738%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, medical reconstruction cements exports soared to $X in 2021. Over the period under review, total exports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -5.2% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 107% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for medical reconstruction cements exports from Ireland, accounting for a 48% share of total exports. Moreover, medical reconstruction cements exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. The third position in this ranking was taken by the UK (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+1,186.0% per year) and the UK (+168.6% per year).

In value terms, the United States ($X) remains the key foreign market for dental cements and bone reconstruction cements exports from Ireland, comprising 70% of total exports. The second position in the ranking was taken by South Korea ($X), with a 6.1% share of total exports. It was followed by the UK, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+48.4% per year) and the UK (+145.4% per year).

Export Prices by Country

In 2021, the average medical reconstruction cements export price amounted to $X per ton, growing by 26% against the previous year. Overall, the export price, however, showed a perceptible descent. The pace of growth was the most pronounced in 2020 when the average export price increased by 253%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to India ($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 South Korea (+54.2%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Reconstruction Cements Imports

Imports into Ireland

In 2021, the amount of dental cements and bone reconstruction cements imported into Ireland soared to X tons, jumping by 133% on 2020 figures. In general, imports recorded a significant increase. The pace of growth was the most pronounced in 2016 when imports increased by 160% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, medical reconstruction cements imports soared to $X in 2021. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of medical reconstruction cements to Ireland, accounting for a 65% share of total imports. Moreover, medical reconstruction cements imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was held by the Netherlands (X tons), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from the UK stood at +31.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.8% per year) and the Netherlands (+104.8% per year).

In value terms, the UK ($X) constituted the largest supplier of dental cements and bone reconstruction cements to Ireland, comprising 69% of total imports. The second position in the ranking was held by Germany ($X), with a 9.1% share of total imports. It was followed by the Netherlands, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value from the UK amounted to +31.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.5% per year) and the Netherlands (+86.1% per year).

Import Prices by Country

The average medical reconstruction cements import price stood at $X per ton in 2021, picking up by 58% against the previous year. Overall, the import price recorded a relatively flat trend pattern. 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.

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 Switzerland ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :