Nigeria: Medical Reconstruction Cements Market 2024

Medical Reconstruction Cements Market Size in Nigeria

The Nigerien medical reconstruction cements market expanded notably to $X in 2021, picking up by 8.9% against the previous year. In general, consumption posted a resilient expansion. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Medical Reconstruction Cements Production in Nigeria

In value terms, medical reconstruction cements production reached $X in 2021 estimated in export price. In general, production showed a resilient expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by 62% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Medical Reconstruction Cements Exports

Exports from Nigeria

In 2021, approx. X kg of dental cements and bone reconstruction cements were exported from Nigeria; declining by -36% compared with the previous year's figure. Overall, exports showed a dramatic slump. The pace of growth appeared the most rapid in 2019 when exports increased by 280%. Over the period under review, the exports reached the maximum at X kg in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, medical reconstruction cements exports fell notably to $X in 2021. In general, exports faced a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 540%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Zambia (X kg) was the main destination for medical reconstruction cements exports from Nigeria, with a 94% share of total exports. Moreover, medical reconstruction cements exports to Zambia exceeded the volume sent to the second major destination, South Africa (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Zambia stood at -25.1%.

In value terms, Zambia ($X) remains the key foreign market for dental cements and bone reconstruction cements exports from Nigeria, comprising 99% of total exports. The second position in the ranking was held by South Africa ($X), with a 0.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Zambia amounted to -19.2%.

Export Prices by Country

The average medical reconstruction cements export price stood at $X per ton in 2021, waning by -13.3% against the previous year. In general, the export price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 an increase of 73% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to South Africa totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+7.9%).

Medical Reconstruction Cements Imports

Imports into Nigeria

In 2021, approx. X tons of dental cements and bone reconstruction cements were imported into Nigeria; reducing by -40.7% compared with the previous year. Overall, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 4,585%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, medical reconstruction cements imports declined significantly to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 4,368%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Belgium (X kg) constituted the largest medical reconstruction cements supplier to Nigeria, accounting for a 30% share of total imports. Moreover, medical reconstruction cements imports from Belgium exceeded the figures recorded by the second-largest supplier, the Czech Republic (X kg), fivefold. India (X kg) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium stood at -29.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+7.2% per year) and India (+8.4% per year).

In value terms, the largest medical reconstruction cements suppliers to Nigeria were Belgium ($X), Switzerland ($X) and the Czech Republic ($X), with a combined 56% share of total imports.

Among the main suppliers, Switzerland, with a CAGR of -3.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average medical reconstruction cements import price amounted to $X per ton, declining by -22.6% against the previous year. Over the period under review, the import price, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2014 when the average import price increased by 165% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 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 ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Croatia (+27.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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