Australia and Oceania: Dental Instruments Market 2024

Dental Instruments Market Size in Australia and Oceania

The dental instruments market in Australia and Oceania surged to $X in 2021, growing by 38% against the previous year. Over the period under review, consumption recorded strong growth. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Dental Instruments Production in Australia and Oceania

In value terms, dental instruments production rose markedly to $X in 2021 estimated in export price. Overall, production continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 305%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Dental Instruments Exports

Exports in Australia and Oceania

Dental instruments exports skyrocketed to X units in 2021, rising by 55% on the previous year. Overall, exports, however, recorded a deep slump. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, dental instruments exports surged to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia represented the key exporter of instruments for dental sciences in Australia and Oceania, with the volume of exports reaching X units, which was near 88% of total exports in 2021. It was distantly followed by New Zealand (X units), comprising a 12% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to dental instruments exports from Australia stood at -10.4%. New Zealand (-5.0%) illustrated a downward trend over the same period. New Zealand (+4.5 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -4.5% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest dental instruments supplier in Australia and Oceania, comprising 89% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled +3.1%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, rising by 2% against the previous year. Overall, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of 57%. Over the period under review, the export prices attained the maximum in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Australia ($X per unit), while New Zealand totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+15.1%).

Dental Instruments Imports

Imports in Australia and Oceania

In 2021, the amount of instruments for dental sciences imported in Australia and Oceania surged to X units, increasing by 73% compared with the previous year. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +104.2% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, dental instruments imports skyrocketed to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +47.6% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia represented the largest importing country with an import of around X units, which amounted to 62% of total imports. Fiji (X units) held a 33% share (based on physical terms) of total imports, which put it in second place, followed by New Zealand (4.6%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Fiji (with a CAGR of +33.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported instruments for dental sciences in Australia and Oceania, comprising 71% of total imports. The second position in the ranking was taken by Fiji ($X), with a 17% share of total imports.

In Australia, dental instruments imports expanded at an average annual rate of +6.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Fiji (+30.6% per year) and New Zealand (+3.4% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, reducing by -12.8% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 23% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+2.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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