Asia: Dental Fitting Market 2024

Dental Fitting Market Size in Asia

The Asian dental fitting market dropped to $X in 2022, which is down by -4.2% against the previous year. In general, consumption, however, enjoyed resilient growth. 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 Asia

In value terms, dental fitting production reached $X in 2022 estimated in export price. The total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 -2.9% against 2018 indices. The growth pace was the most rapid in 2018 when the production volume increased by 45%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Dental Fitting Exports

Exports in Asia

In 2022, overseas shipments of dental fittings decreased by -2.7% to X tons, falling for the second consecutive year after five years of growth. In general, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2020 when exports increased by 40%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, dental fitting exports dropped rapidly to $X in 2022. Overall, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 51% against the previous year. As a result, the exports attained the peak of $X, and then declined remarkably in the following year.

Exports by Country

China (X tons) and South Korea (X tons) were the key exporters of dental fittings in 2022, recording near 43% and 34% of total exports, respectively. It was distantly followed by Hong Kong SAR (X tons), making up a 10% share of total exports. Taiwan (Chinese) (X tons), Israel (X tons), Japan (X tons) and Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Turkey (with a CAGR of +31.0%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the largest dental fitting supplier in Asia, comprising 61% of total exports. The second position in the ranking was taken by China ($X), with a 13% share of total exports. It was followed by Japan, with a 6.9% share.

In South Korea, dental fitting exports expanded at an average annual rate of +14.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: China (+15.6% per year) and Japan (-6.1% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, dropping by -20.5% against the previous year. Export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dental fitting export price increased by +40.5% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 77%. As a result, the export price reached the peak level of $X per ton, and then dropped markedly in the following year.

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 Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.2%), while the other leaders experienced more modest paces of growth.

Dental Fitting Imports

Imports in Asia

Dental fitting imports amounted to X tons in 2022, growing by 7% on the year before. Overall, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 38%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, dental fitting imports stood at $X in 2022. In general, imports posted buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 34%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons), distantly followed by Hong Kong SAR (X tons), Turkey (X tons), Japan (X tons) and Saudi Arabia (X tons) represented the largest importers of dental fittings, together creating 72% of total imports. Iran (X tons), South Korea (X tons), India (X tons), Taiwan (Chinese) (X tons), the United Arab Emirates (X tons), Iraq (X tons) and Thailand (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +36.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported dental fittings in Asia, comprising 51% of total imports. The second position in the ranking was taken by Turkey ($X), with an 8% share of total imports. It was followed by Japan, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +24.9%. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+10.9% per year) and Japan (-0.2% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, declining by -5.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2014 an increase of 27%. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 China ($X per ton), while Hong Kong SAR ($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

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