ASEAN: Market for Dentist And Barber Chairs 2024

Market Size for Dentist And Barber Chairs in ASEAN

In 2022, the ASEAN dentist or barber chair market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Dentist And Barber Chairs in ASEAN

In value terms, dentist or barber chair production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 25%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Dentist And Barber Chairs

Exports in ASEAN

Dentist or barber chair exports shrank dramatically to X units in 2022, which is down by -31.2% against 2021. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 157%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, dentist or barber chair exports shrank significantly to $X in 2022. Over the period under review, exports, however, saw noticeable growth. The growth pace was the most rapid in 2021 when exports increased by 109%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam represented the major exporting country with an export of about X units, which recorded 82% of total exports. It was distantly followed by Malaysia (X units), achieving an 11% share of total exports. Indonesia (X units) and Singapore (X units) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the dentist and barber chairs exports, with a CAGR of +26.1% from 2012 to 2022. At the same time, Indonesia (+9.1%) and Malaysia (+3.0%) displayed positive paces of growth. By contrast, Singapore (-11.7%) illustrated a downward trend over the same period. Vietnam (+75 p.p.), Malaysia (+3.6 p.p.) and Indonesia (+2 p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by -4.5% from 2012 to 2022, respectively.

In value terms, Vietnam ($X) remains the largest dentist or barber chair supplier in ASEAN, comprising 91% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 6% share of total exports. It was followed by Singapore, with a 2.2% share.

In Vietnam, dentist or barber chair exports expanded at an average annual rate of +30.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+2.1% per year) and Singapore (-12.6% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, growing by 7.4% against the previous year. In general, the export price continues to indicate a measured increase. The growth pace was the most rapid in 2017 when the export price increased by 73% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.8%), while the other leaders experienced a decline in the export price figures.

Imports of Dentist And Barber Chairs

Imports in ASEAN

In 2022, the amount of dentist and barber chairs imported in ASEAN expanded rapidly to X units, surging by 8.3% on the previous year. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.6% 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 +36.6% against 2018 indices. The pace of growth was the most pronounced in 2013 when imports increased by 33%. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, dentist or barber chair imports skyrocketed to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +8.0% 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 +31.9% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by 40% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Indonesia (X units) and Vietnam (X units) were the main importers of dentist and barber chairs in 2022, resulting at approx. 40% and 32% of total imports, respectively. Malaysia (X units) held a 17% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (4.6%). The Philippines (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of +39.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Vietnam ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 89% share of total imports.

Vietnam, with a CAGR of +31.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, surging by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2018 an increase of 32% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Malaysia ($X per unit) and Indonesia ($X per unit), while Thailand ($X per unit) and the Philippines ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+15.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform