Sri Lanka: Medical Reconstruction Cements Market 2024

Medical Reconstruction Cements Market Size in Sri Lanka

The Sri Lankan medical reconstruction cements market soared to $X in 2021, surging by 75% 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). In general, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Medical Reconstruction Cements Exports

Exports from Sri Lanka

In 2021, overseas shipments of dental cements and bone reconstruction cements increased by 33% to X kg, rising for the second year in a row after two years of decline. Over the period under review, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 1,400% against the previous year. The exports peaked at X kg in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, medical reconstruction cements exports soared to $X in 2021. Overall, exports, however, showed a slight downturn. The most prominent rate of growth was recorded in 2017 with an increase of 2,412% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X kg), Maldives (X kg) and Norway (X kg) were the main destinations of medical reconstruction cements exports from Sri Lanka, with a combined 95% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +8.0%), while the other leaders experienced mixed trend patterns.

In value terms, Maldives ($X) remains the key foreign market for dental cements and bone reconstruction cements exports from Sri Lanka, comprising 79% of total exports. The second position in the ranking was taken by Norway ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Maldives totaled -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+10.4% per year) and Canada (+2.5% per year).

Export Prices by Country

In 2021, the average medical reconstruction cements export price amounted to $X per ton, picking up by 20% against the previous year. In general, the export price posted strong growth. The growth pace was the most rapid in 2019 an increase of 35%. The export price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+17.9%), while the prices for the other major destinations experienced mixed trend patterns.

Medical Reconstruction Cements Imports

Imports into Sri Lanka

In 2021, supplies from abroad of dental cements and bone reconstruction cements was finally on the rise to reach X tons for the first time since 2015, thus ending a five-year declining trend. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, medical reconstruction cements imports skyrocketed to $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Japan (X tons) and India (X kg) were the main suppliers of medical reconstruction cements imports to Sri Lanka, together comprising 49% of total imports. Singapore, the United States, Russia, Switzerland, South Korea, Australia and the UK lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +644.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Germany ($X) and Singapore ($X) were the largest medical reconstruction cements suppliers to Sri Lanka, together accounting for 43% of total imports. The United States, Switzerland, Russia, India, Australia, South Korea and the UK lagged somewhat behind, together accounting for a further 23%.

Among the main suppliers, Russia, with a CAGR of +839.7%, 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

In 2021, the average medical reconstruction cements import price amounted to $X per ton, declining by -7.8% against the previous year. Over the period under review, the import price, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2017 an increase of 48% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, 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 the UK ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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