Latin America and the Caribbean: Medical Reconstruction Cements Market 2024

Medical Reconstruction Cements Market Size in Latin America and the Caribbean

In 2021, after two years of growth, there was decline in the Latin American medical reconstruction cements market, when its value decreased by -4.5% to $X. The total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Medical Reconstruction Cements Production in Latin America and the Caribbean

In value terms, medical reconstruction cements production declined to $X in 2021 estimated in export price. The total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +45.7% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 41%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Medical Reconstruction Cements Exports

Exports in Latin America and the Caribbean

In 2021, overseas shipments of dental cements and bone reconstruction cements increased by 74% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +100.7% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, medical reconstruction cements exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico was the key exporter of dental cements and bone reconstruction cements in Latin America and the Caribbean, with the volume of exports recording X tons, which was near 56% of total exports in 2021. It was distantly followed by Argentina (X tons) and Brazil (X tons), together generating a 36% share of total exports. The following exporters - Colombia (X tons) and Guatemala (X tons) - together made up 6.8% of total exports.

Exports from Mexico increased at an average annual rate of +3.0% from 2012 to 2021. At the same time, Guatemala (+19.5%) and Argentina (+9.0%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +19.5% from 2012-2021. Brazil experienced a relatively flat trend pattern. By contrast, Colombia (-4.9%) illustrated a downward trend over the same period. Argentina (+7.9 p.p.), Mexico (+2.7 p.p.) and Guatemala (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while Colombia and Brazil saw its share reduced by -4.1% and -5.1% from 2012 to 2021, respectively.

In value terms, Mexico ($X), Brazil ($X) and Argentina ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 96% of total exports. These countries were followed by Colombia and Guatemala, which together accounted for a further 2.8%.

Among the main exporting countries, Guatemala, with a CAGR of +24.1%, recorded the highest growth rate of 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

The export price in Latin America and the Caribbean stood at $X per ton in 2021, with a decrease of -14.6% against the previous year. Export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.7% 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 export price decreased by -42.9% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the export price increased by 35% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+4.0%), while the other leaders experienced more modest paces of growth.

Medical Reconstruction Cements Imports

Imports in Latin America and the Caribbean

After two years of decline, supplies from abroad of dental cements and bone reconstruction cements increased by 40% to X tons in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, medical reconstruction cements imports soared to $X in 2021. The total import value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico represented the key importer of dental cements and bone reconstruction cements in Latin America and the Caribbean, with the volume of imports finishing at X tons, which was approx. 31% of total imports in 2021. Brazil (X tons) held the second position in the ranking, followed by Chile (X tons), Colombia (X tons), Ecuador (X tons) and Peru (X tons). All these countries together held near 45% share of total imports. Argentina (X tons), Costa Rica (X tons), the Dominican Republic (X tons), Panama (X tons) and Guatemala (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to medical reconstruction cements imports into Mexico stood at +4.7%. At the same time, the Dominican Republic (+16.7%), Chile (+6.0%), Peru (+3.1%), Guatemala (+2.6%), Ecuador (+1.9%) and Argentina (+1.5%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +16.7% from 2012-2021. Colombia experienced a relatively flat trend pattern. By contrast, Brazil (-5.1%), Costa Rica (-8.9%) and Panama (-13.4%) illustrated a downward trend over the same period. While the share of Mexico (+12 p.p.), Chile (+5.5 p.p.), the Dominican Republic (+2.1 p.p.) and Peru (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Costa Rica (-3.3 p.p.), Panama (-5 p.p.) and Brazil (-6.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Brazil ($X) and Colombia ($X) constituted the countries with the highest levels of imports in 2021, with a combined 59% share of total imports. Chile, Peru, Argentina, Ecuador, the Dominican Republic, Costa Rica, Guatemala and Panama lagged somewhat behind, together comprising a further 34%.

In terms of the main importing countries, Chile, with a CAGR of +10.4%, 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 import price in Latin America and the Caribbean stood at $X per ton in 2021, increasing by 19% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+18.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :