Chile: Dental Instruments Market 2024

Dental Instruments Market Size in Chile

In 2021, the Chilean dental instruments market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Dental Instruments Exports

Exports from Chile

In 2021, the amount of instruments for dental sciences exported from Chile fell notably to X units, shrinking by -28.4% on the previous year. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 274% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, dental instruments exports fell significantly to $X in 2021. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2013 with an increase of 265% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X units), Germany (X units) and Ecuador (X units) were the main destinations of dental instruments exports from Chile, with a combined 86% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Argentina (with a CAGR of +334.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for instruments for dental sciences exports from Chile, comprising 50% of total exports. The second position in the ranking was held by Argentina ($X), with a 15% share of total exports. It was followed by the United States, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+279.5% per year) and the United States (+2.0% per year).

Export Prices by Country

The average dental instruments export price stood at $X per unit in 2021, with a decrease of -5.4% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 89% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to Ecuador ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+152.2%), while the prices for the other major destinations experienced a decline.

Dental Instruments Imports

Imports into Chile

In 2021, approx. X units of instruments for dental sciences were imported into Chile; increasing by 109% against the previous year's figure. Over the period under review, imports posted a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, dental instruments imports skyrocketed to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, 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.

Imports by Country

In 2021, China (X units) constituted the largest supplier of dental instruments to Chile, accounting for a 39% share of total imports. Moreover, dental instruments imports from China exceeded the figures recorded by the second-largest supplier, Pakistan (X units), twofold. Germany (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +27.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+33.7% per year) and Germany (+9.4% per year).

In value terms, the largest dental instruments suppliers to Chile were China ($X), the United States ($X) and Germany ($X), with a combined 49% share of total imports. These countries were followed by Japan, Switzerland, Brazil, Pakistan, Italy and France, which together accounted for a further 31%.

France, with a CAGR of +24.4%, saw the highest rates of growth with regard to 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

In 2021, the average dental instruments import price amounted to $X per unit, dropping by -1.9% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 5% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+27.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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