Turkey: Medical Reconstruction Cements Market 2024

Medical Reconstruction Cements Market Size in Turkey

In 2021, after three years of growth, there was significant decline in the Turkish medical reconstruction cements market, when its value decreased by -11.2% to $X. Overall, consumption showed a noticeable shrinkage. Medical reconstruction cements consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Medical Reconstruction Cements Production in Turkey

In value terms, medical reconstruction cements production reduced to $X in 2021 estimated in export price. Over the period under review, production saw a mild decline. The pace of growth was the most pronounced in 2020 when the production volume increased by 33% against the previous year. As a result, production reached the peak level of $X, and then shrank in the following year.

Medical Reconstruction Cements Exports

Exports from Turkey

In 2021, approx. X tons of dental cements and bone reconstruction cements were exported from Turkey; picking up by 48% compared with 2020 figures. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 138% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, medical reconstruction cements exports soared to $X in 2021. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 108%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons), Germany (X tons) and Egypt (X tons) were the main destinations of medical reconstruction cements exports from Turkey, with a combined 41% share of total exports. These countries were followed by Azerbaijan, Cyprus, Russia, Iraq, Libya, Hong Kong SAR, Serbia, Algeria, Croatia and Austria, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +108.8%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for dental cements and bone reconstruction cements exports from Turkey, comprising 28% of total exports. The second position in the ranking was taken by Germany ($X), with a 9.9% share of total exports. It was followed by Egypt, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to +71.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+19.9% per year) and Egypt (+47.2% per year).

Export Prices by Country

In 2021, the average medical reconstruction cements export price amounted to $X per ton, jumping by 17% against the previous year. Overall, the export price, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2016 an increase of 23% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Libya ($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 Austria (+45.9%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Reconstruction Cements Imports

Imports into Turkey

After two years of decline, supplies from abroad of dental cements and bone reconstruction cements increased by 24% to X tons in 2021. In general, imports, however, continue to indicate a slight contraction. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, medical reconstruction cements imports soared to $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), South Korea (X tons) and the United States (X tons) were the main suppliers of medical reconstruction cements imports to Turkey, together accounting for 51% of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +15.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Japan ($X) and the United States ($X) appeared to be the largest medical reconstruction cements suppliers to Turkey, with a combined 68% share of total imports. These countries were followed by South Korea, Switzerland, Italy, China, France, Vietnam, the Netherlands, the Czech Republic, India and Russia, which together accounted for a further 26%.

Russia, with a CAGR of +16.4%, saw the highest growth rate of the value of imports, among 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, picking up by 11% against the previous year. Over the last nine years, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2013 an increase of 35%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see steady growth in the near future.

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 Japan ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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