Medical Reconstruction Cements Market in Singapore
Market Overview
In 
, after two years of decline, there was significant growth in the Singaporean medical reconstruction cements market, when its value increased by % to $. In general, consumption saw a remarkable increase. Medical reconstruction cements consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.
, after two years of decline, there was significant growth in the Singaporean medical reconstruction cements market, when its value increased by % to $. In general, consumption saw a remarkable increase. Medical reconstruction cements consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.Consumption
In , consumption of dental cements and bone reconstruction cements increased by % to tons, rising for the second year in a row after two years of decline. Over the period under review, consumption continues to indicate a prominent expansion. As a result, consumption attained the peak volume of tons. From 2019 to , the growth of the consumption remained at a lower figure.
The value of the medical reconstruction cements market in Singapore stood at $ in , with an increase of % 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, consumption enjoyed a strong increase. Over the period under review, the market reached the maximum level at $ in 2018; however, from 2019 to , consumption remained at a lower figure.
, consumption of dental cements and bone reconstruction cements increased by % to tons, rising for the second year in a row after two years of decline. Over the period under review, consumption continues to indicate a prominent expansion. As a result, consumption attained the peak volume of tons. From 2019 to , the growth of the consumption remained at a lower figure.The value of the medical reconstruction cements market in Singapore stood at $
in , with an increase of % 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, consumption enjoyed a strong increase. Over the period under review, the market reached the maximum level at $ in 2018; however, from 2019 to , consumption remained at a lower figure.Market Forecast
Driven by increasing demand for dental cements and bone reconstruction cements in Singapore, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Medical reconstruction cements market in Singapore consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.Trade Balance
Singapore remains a net importer of medical reconstruction cements; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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