Australia: Dental Fitting Market 2024

Dental Fitting Market Size in Australia

The Australian dental fitting market reached $X in 2022, surging by 6.1% against the previous year. Overall, consumption posted a noticeable increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Dental Fitting Production in Australia

In value terms, dental fitting production stood at $X in 2022 estimated in export price. Overall, production continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 198%. 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 from Australia

After two years of growth, overseas shipments of dental fittings decreased by -53.5% to X tons in 2022. Over the period under review, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2014 when exports increased by 53% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, dental fitting exports declined rapidly to $X in 2022. Overall, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 72% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X tons), Japan (X tons) and Belgium (X kg) were the main destinations of dental fitting exports from Australia, with a combined 60% share of total exports. Switzerland, the United States, Germany, the Netherlands, the United Arab Emirates, China, Taiwan (Chinese), Italy, Vietnam and the UK lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +53.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dental fitting exported from Australia were New Zealand ($X), Japan ($X) and Belgium ($X), together comprising 62% of total exports. Switzerland, the United States, the Netherlands, Germany, China, Taiwan (Chinese), Italy, Vietnam, the UK and the United Arab Emirates lagged somewhat behind, together accounting for a further 34%.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +68.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dental fitting export price stood at $X per kg in 2022, growing by 41% against the previous year. In general, the export price continues to indicate strong growth. The growth pace was the most rapid in 2018 an increase of 134% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per kg), while the average price for exports to the United Arab Emirates ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+41.7%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Fitting Imports

Imports into Australia

In 2022, after four years of decline, there was significant growth in overseas purchases of dental fittings, when their volume increased by 13% to X tons. Over the period under review, imports, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2013 with an increase of 33% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, dental fitting imports reduced slightly to $X in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 17%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest dental fitting supplier to Australia, with a 37% share of total imports. Moreover, dental fitting imports from the United States exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), twofold. China (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+0.4% per year) and China (+51.8% per year).

In value terms, the United States ($X) constituted the largest supplier of dental fittings to Australia, comprising 37% of total imports. The second position in the ranking was held by Switzerland ($X), with a 16% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+3.5% per year) and China (+82.3% per year).

Import Prices by Country

In 2022, the average dental fitting import price amounted to $X per ton, with a decrease of -12.9% against the previous year. Over the period under review, the import price, however, recorded a resilient expansion. The growth pace was the most rapid in 2018 when the average import price increased by 74% against the previous year. The import price peaked at $X per ton in 2021, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Africa ($X per ton) and Mexico ($X per ton), while the price for China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+34.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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