Singapore: Medical Reconstruction Cements Market 2024

Medical Reconstruction Cements Market Size in Singapore

For the fifth year in a row, the Singaporean medical reconstruction cements market recorded growth in sales value, which increased by 14% to $X in 2021. Overall, consumption showed a buoyant expansion. Medical reconstruction cements consumption peaked in 2021 and is expected to retain growth in years to come.

Medical Reconstruction Cements Production in Singapore

In value terms, medical reconstruction cements production fell sharply to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed significant growth. The pace of growth was the most pronounced in 2015 with an increase of 603% against the previous year. Medical reconstruction cements production peaked at $X in 2020, and then contracted dramatically in the following year.

Medical Reconstruction Cements Exports

Exports from Singapore

In 2021, exports of dental cements and bone reconstruction cements from Singapore totaled X tons, leveling off at the year before. Overall, exports showed resilient growth. The pace of growth was the most pronounced in 2019 with an increase of 44%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, medical reconstruction cements exports rose slightly to $X in 2021. In general, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 64%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons), Vietnam (X tons) and Malaysia (X tons) were the main destinations of medical reconstruction cements exports from Singapore, together accounting for 71% of total exports. These countries were followed by Thailand, the United States, the Philippines and Bangladesh, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +92.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for medical reconstruction cements exported from Singapore were Indonesia ($X), Vietnam ($X) and Malaysia ($X), together accounting for 71% of total exports. Thailand, the United States, the Philippines and Bangladesh lagged somewhat behind, together accounting for a further 18%.

The United States, with a CAGR of +107.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average medical reconstruction cements export price amounted to $X per ton, growing by 3.7% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +7.7% over the last nine-year period. 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 -2.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 45% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Vietnam ($X per ton) and the Philippines ($X per ton), while the average price for exports to Thailand ($X per ton) and Bangladesh ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Reconstruction Cements Imports

Imports into Singapore

In 2021, approx. X tons of dental cements and bone reconstruction cements were imported into Singapore; jumping by 54% against the year before. Over the period under review, imports, however, recorded a abrupt contraction. Imports 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. In general, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest supplier of medical reconstruction cements to Singapore, with a 68% share of total imports. Moreover, medical reconstruction cements imports from Japan exceeded the figures recorded by the second-largest supplier, Germany (X tons), ninefold. The United States (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan amounted to -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.4% per year) and the United States (-4.3% per year).

In value terms, Japan ($X) constituted the largest supplier of dental cements and bone reconstruction cements to Singapore, comprising 68% of total imports. The second position in the ranking was taken by Germany ($X), with a 7.6% share of total imports. It was followed by the United States, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.5% per year) and the United States (+0.4% per year).

Import Prices by Country

In 2021, the average medical reconstruction cements import price amounted to $X per ton, growing by 3.6% against the previous year. Over the last nine years, it increased at an average annual rate of +5.0%. The growth pace was the most rapid in 2015 when the average import price increased by 15% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Australia ($X per ton) and Japan ($X per ton), while the price for Italy ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :