Kuwait: Medical Reconstruction Cements Market 2024

Medical Reconstruction Cements Market Size in Kuwait

The Kuwaiti medical reconstruction cements market skyrocketed to $X in 2021, with an increase of 144% 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). Over the period under review, consumption showed a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Medical Reconstruction Cements Exports

Exports from Kuwait

In 2021, overseas shipments of dental cements and bone reconstruction cements increased by 1.4% to X kg, rising for the third consecutive year after two years of decline. Over the period under review, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 3,417% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, medical reconstruction cements exports totaled $X in 2021. Overall, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,602% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

The Netherlands (X kg) was the main destination for medical reconstruction cements exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands stood at +81.5%.

In value terms, the Netherlands ($X) remains the key foreign market for dental cements and bone reconstruction cements exports from Kuwait, comprising 96% of total exports. The second position in the ranking was held by Switzerland ($X), with a 4.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to +90.3%.

Export Prices by Country

In 2021, the average medical reconstruction cements export price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price, however, saw a noticeable increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 323%. 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.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the Netherlands amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+223.6%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Reconstruction Cements Imports

Imports into Kuwait

In 2021, approx. X tons of dental cements and bone reconstruction cements were imported into Kuwait; jumping by 111% compared with the previous year's figure. Overall, imports enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, medical reconstruction cements imports skyrocketed to $X in 2021. In general, imports saw a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), the United States (X tons) and Japan (X tons) were the main suppliers of medical reconstruction cements imports to Kuwait, with a combined 40% share of total imports. These countries were followed by Belgium, Switzerland, South Korea, France, the UK and the Netherlands, which together accounted for a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +37.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Japan ($X) constituted the largest medical reconstruction cements suppliers to Kuwait, with a combined 52% share of total imports. These countries were followed by Switzerland, France, Belgium, South Korea, the UK and the Netherlands, which together accounted for a further 9.2%.

In terms of the main suppliers, France, with a CAGR of +44.6%, 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

The average medical reconstruction cements import price stood at $X per ton in 2021, growing by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2017 when the average import price increased by 28% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a 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 France ($X per ton), while the price for the UK ($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 United States (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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