Latvia: Medical Reconstruction Cements Market 2024

Medical Reconstruction Cements Market Size in Latvia

The Latvian medical reconstruction cements market skyrocketed to $X in 2022, with an increase of X% 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 X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Medical reconstruction cements consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Medical Reconstruction Cements Exports

Exports from Latvia

In 2022, the amount of dental cements and bone reconstruction cements exported from Latvia surged to X tons, picking up by X% compared with 2021. In general, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, medical reconstruction cements exports soared to $X in 2022. Over the period under review, exports posted a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for medical reconstruction cements exports from Latvia, with a X% share of total exports. Moreover, medical reconstruction cements exports to Russia exceeded the volume sent to the second major destination, Estonia (X tons), twofold. Slovenia (X kg) ranked third in terms of total exports with an X% share.

From 2013 to 2022, the average annual growth rate of volume to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Slovenia (X% per year).

In value terms, Russia ($X), Estonia ($X) and Slovenia ($X) were the largest markets for medical reconstruction cements exported from Latvia worldwide, with a combined X% share of total exports.

Estonia, with a CAGR of X%, saw the highest growth rate of 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 2022, the average medical reconstruction cements export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price recorded a buoyant increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X,529 per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Reconstruction Cements Imports

Imports into Latvia

In 2022, the amount of dental cements and bone reconstruction cements imported into Latvia surged to X tons, rising by X% against 2021. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, medical reconstruction cements imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of medical reconstruction cements imports to Latvia, with a combined X% share of total imports. Poland, the Netherlands, Lithuania, Sweden and Estonia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and the Netherlands ($X) were the largest medical reconstruction cements suppliers to Latvia, with a combined X% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of X%, saw the highest growth rate of 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 2022, the average medical reconstruction cements import price amounted to $X per ton, which is down by X% against the previous year. Overall, the import price continues to indicate a deep downturn. The growth pace was the most rapid in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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