Norway: Medical Reconstruction Cements Market 2024

Medical Reconstruction Cements Market Size in Norway

The Norwegian medical reconstruction cements market skyrocketed to $X in 2021, with an increase of 20% 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). The market value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Medical Reconstruction Cements Exports

Exports from Norway

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 68% to X kg. Overall, exports, however, recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by 546% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, medical reconstruction cements exports reduced to $X in 2021. Over the period under review, exports, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 38% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Luxembourg (X kg) was the main destination for medical reconstruction cements exports from Norway, accounting for a 72% share of total exports. Moreover, medical reconstruction cements exports to Luxembourg exceeded the volume sent to the second major destination, Germany (X kg), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Luxembourg stood at +67.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+8.6% per year) and Sweden (-4.5% per year).

In value terms, Luxembourg ($X) remains the key foreign market for dental cements and bone reconstruction cements exports from Norway, comprising 92% of total exports. The second position in the ranking was held by Germany ($X), with a 5.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Luxembourg stood at +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+9.3% per year) and Sweden (-3.8% per year).

Export Prices by Country

The average medical reconstruction cements export price stood at $X per kg in 2021, with a decrease of -47.7% against the previous year. Over the period under review, the export price, however, continues to indicate a significant increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 232%. Over the period under review, the average export prices attained the maximum at $X per kg in 2020, and then dropped rapidly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Luxembourg ($X per kg), while the average price for exports to Sweden ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Reconstruction Cements Imports

Imports into Norway

After two years of decline, supplies from abroad of dental cements and bone reconstruction cements increased by 15% to X tons in 2021. Overall, imports, however, showed a pronounced slump. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, medical reconstruction cements imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest medical reconstruction cements supplier to Norway, with a 54% share of total imports. Moreover, medical reconstruction cements imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Switzerland (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-11.0% per year) and Switzerland (+2.2% per year).

In value terms, Germany ($X), the United States ($X) and Switzerland ($X) appeared to be the largest medical reconstruction cements suppliers to Norway, together comprising 72% of total imports. These countries were followed by Finland, Japan, Belgium, Sweden and France, which together accounted for a further 22%.

Belgium, with a CAGR of +24.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, increasing by 4.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.4%. The growth pace was the most rapid in 2014 when the average import price increased by 16% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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