Australia: Dental Instruments Market 2024

Dental Instruments Market Size in Australia

The Australian dental instruments market surged to $X in 2021, jumping by 25% against the previous year. Overall, consumption posted prominent growth. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in years to come.

Dental Instruments Production in Australia

In value terms, dental instruments production amounted to $X in 2021 estimated in export price. In general, production enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 694% against the previous year. Dental instruments production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Dental Instruments Exports

Exports from Australia

In 2021, overseas shipments of instruments for dental sciences were finally on the rise to reach X units for the first time since 2015, thus ending a five-year declining trend. Overall, exports, however, showed a deep contraction. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, dental instruments exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% 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 decreased by -1.4% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 61% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

New Zealand (X units) was the main destination for dental instruments exports from Australia, accounting for a 53% share of total exports. Moreover, dental instruments exports to New Zealand exceeded the volume sent to the second major destination, Germany (X units), sixfold. Brazil (X units) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand amounted to -11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+18.1% per year) and Brazil (+21.1% per year).

In value terms, New Zealand ($X) remains the key foreign market for instruments for dental sciences exports from Australia, comprising 53% of total exports. The second position in the ranking was held by Germany ($X), with a 9.3% share of total exports. It was followed by Brazil, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand amounted to +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+40.1% per year) and Brazil (+59.4% per year).

Export Prices by Country

In 2021, the average dental instruments export price amounted to $X per unit, with an increase of 2.5% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of 158%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were Ireland ($X per unit) and Belgium ($X per unit), while the average price for exports to New Zealand ($X per unit) and Papua New Guinea ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+31.6%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Instruments Imports

Imports into Australia

In 2021, purchases abroad of instruments for dental sciences increased by 35% to X units, rising for the fourth consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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. Overall, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.2% 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 +37.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and the United States (X units) were the main suppliers of dental instruments imports to Australia, together comprising 64% of total imports. These countries were followed by South Korea, Italy, Japan, Finland, Austria and Switzerland, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +32.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dental instruments suppliers to Australia were Germany ($X), the United States ($X) and Switzerland ($X), with a combined 59% share of total imports. China, Japan, South Korea, Finland, Italy and Austria lagged somewhat behind, together accounting for a further 26%.

South Korea, with a CAGR of +30.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average dental instruments import price stood at $X per unit in 2021, which is down by -1.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2016 an increase of 23%. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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