Asia-Pacific: Dental Fitting Market 2024

Dental Fitting Market Size in Asia-Pacific

After three years of decline, the Asia-Pacific dental fitting market increased by 1.4% to $X in 2022. The total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Dental Fitting Production in Asia-Pacific

In value terms, dental fitting production stood at $X in 2022 estimated in export price. The total production indicated a buoyant 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 -1.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 49%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Dental Fitting Exports

Exports in Asia-Pacific

In 2022, shipments abroad of dental fittings decreased by -4.1% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, exports, however, posted strong growth. The growth pace was the most rapid in 2020 when exports increased by 43% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, dental fitting exports declined markedly to $X in 2022. Overall, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 51%. As a result, the exports attained the peak of $X, and then fell notably in the following year.

Exports by Country

In 2022, China (X tons) and South Korea (X tons) were the main exporters of dental fittings in Asia-Pacific, together creating 82% of total exports. It was distantly followed by Hong Kong SAR (X tons), comprising an 11% share of total exports. The following exporters - Taiwan (Chinese) (X tons) and Japan (X tons) - together made up 5.8% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by South Korea (with a CAGR of +17.1%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the largest dental fitting supplier in Asia-Pacific, comprising 66% of total exports. The second position in the ranking was held by China ($X), with a 14% share of total exports. It was followed by Japan, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value in South Korea amounted to +14.0%. 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

In 2022, the export price in Asia-Pacific amounted to $X per ton, shrinking by -21.3% against the previous year. Export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% 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 +39.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 77%. As a result, the export price attained the peak level of $X per ton, and then fell remarkably 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-Pacific

In 2022, imports of dental fittings in Asia-Pacific totaled X tons, rising by 6.3% on the previous year's figure. Total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +6.3% 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 +58.7% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, dental fitting imports shrank slightly to $X in 2022. Over the period under review, imports posted a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by 37% against the previous year. As a result, imports attained the peak of $X, and then dropped modestly in the following year.

Imports by Country

China represented the major importing country with an import of around X tons, which accounted for 42% of total imports. It was distantly followed by Hong Kong SAR (X tons), Japan (X tons) and Australia (X tons), together creating a 38% share of total imports. The following importers - South Korea (X tons), India (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons) - together made up 14% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +28.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported dental fittings in Asia-Pacific, comprising 61% of total imports. The second position in the ranking was held by Japan ($X), with a 9.5% share of total imports. It was followed by Australia, with a 5.8% share.

In China, dental fitting imports increased at an average annual rate of +24.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-0.2% per year) and Australia (+3.4% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, waning by -8.2% against the previous year. Import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the import price increased by 36%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

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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