ASEAN: Dental Fitting Market 2024

Dental Fitting Market Size in ASEAN

The ASEAN dental fitting market reduced to $X in 2022, with a decrease of -4.6% against the previous year. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.8% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Dental Fitting Production in ASEAN

In value terms, dental fitting production contracted to $X in 2022 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -14.9% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 34%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Dental Fitting Exports

Exports in ASEAN

In 2022, the amount of dental fittings exported in ASEAN declined notably to X tons, waning by -32.2% against 2021. Over the period under review, exports continue to indicate a deep setback. The growth pace was the most rapid in 2021 with an increase of 55% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, dental fitting exports fell to $X in 2022. Overall, exports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2013 when exports increased by 67%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the six major exporters of dental fittings, namely the Philippines, Singapore, Cambodia, Vietnam, Thailand and Malaysia, represented more than two-thirds of total export.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +3.7%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the Philippines ($X), Vietnam ($X) and Singapore ($X) constituted the countries with the highest levels of exports in 2022, with a combined 92% share of total exports.

The Philippines, with a CAGR of +17.3%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, rising by 38% against the previous year. Over the period under review, the export price enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 when the export price increased by 53% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($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 Philippines (+39.3%), while the other leaders experienced more modest paces of growth.

Dental Fitting Imports

Imports in ASEAN

In 2022, after two years of decline, there was significant growth in overseas purchases of dental fittings, when their volume increased by 10% to X tons. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 25%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, dental fitting imports expanded rapidly to $X in 2022. In general, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of 43%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Thailand was the key importing country with an import of around X tons, which reached 39% of total imports. Singapore (X tons) took a 20% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (19%), Malaysia (9.7%) and Indonesia (7.8%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Indonesia (with a CAGR of +112.6%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Thailand ($X), Vietnam ($X) and Singapore ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 87% share of total imports. Malaysia and Indonesia lagged somewhat behind, together comprising a further 11%.

Among the main importing countries, Indonesia, with a CAGR of +110.4%, 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 import price in ASEAN amounted to $X per ton, with an increase of 1.5% against the previous year. Overall, the import price saw buoyant growth. The growth pace was the most rapid in 2018 an increase of 40%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+13.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform