ASEAN: Dental Instruments Market 2024

Dental Instruments Market Size in ASEAN

The ASEAN dental instruments market shrank slightly to $X in 2021, reducing by -4.8% against the previous year. The market value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Dental Instruments Production in ASEAN

In value terms, dental instruments production declined modestly to $X in 2021 estimated in export price. The total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +74.1% against 2013 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 26% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then dropped in the following year.

Dental Instruments Exports

Exports in ASEAN

In 2021, dental instruments exports in ASEAN soared to X units, jumping by 38% compared with 2020 figures. Total exports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +57.4% against 2018 indices. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, dental instruments exports expanded notably to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +69.7% against 2018 indices. The growth pace was the most rapid in 2015 when exports increased by 49% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

In 2021, Malaysia (X units) represented the largest exporter of instruments for dental sciences, creating 41% of total exports. Vietnam (X units) ranks second in terms of the total exports with a 26% share, followed by Singapore (9.5%), Indonesia (6.4%), Thailand (5.4%) and the Philippines (5.1%). Cambodia (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Philippines (with a CAGR of +18.7%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the largest dental instruments supplier in ASEAN, comprising 40% of total exports. The second position in the ranking was taken by Singapore ($X), with a 19% share of total exports. It was followed by Thailand, with a 14% share.

From 2012 to 2021, the average annual growth rate of value in Vietnam totaled +9.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (-4.6% per year) and Thailand (+11.4% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2021, reducing by -19.4% against the previous year. Export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 an increase of 25%. Over the period under review, the export prices hit record highs at $X per unit in 2020, and then declined significantly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+18.6%), while the other leaders experienced more modest paces of growth.

Dental Instruments Imports

Imports in ASEAN

In 2021, supplies from abroad of instruments for dental sciences decreased by -6.5% to X units, falling for the third consecutive year after two years of growth. Over the period under review, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 30% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, dental instruments imports reached $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 16% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X units), Thailand (X units), Singapore (X units), Vietnam (X units), Malaysia (X units) and the Philippines (X units) represented roughly 99% of total imports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Indonesia (with a CAGR of +14.6%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest dental instruments importing markets in ASEAN were Thailand ($X), Vietnam ($X) and Singapore ($X), together accounting for 70% of total imports. These countries were followed by Malaysia, Indonesia and the Philippines, which together accounted for a further 29%.

Indonesia, with a CAGR of +33.0%, saw the highest rates of growth with regard to the value of imports, among 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

In 2021, the import price in ASEAN amounted to $X per unit, surging by 12% against the previous year. Import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +8.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dental instruments import price increased by +49.5% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 36% against the previous year. Over the period under review, import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+23.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform