Czech Republic: Dental Fitting Market 2024

Dental Fitting Market Size in the Czech Republic

In 2022, the Czech dental fitting market increased by 437% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed a buoyant expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Dental Fitting Production in the Czech Republic

In value terms, dental fitting production reduced to $X in 2022 estimated in export price. Over the period under review, production enjoyed slight growth. The most prominent rate of growth was recorded in 2017 with an increase of 96%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Dental Fitting Exports

Exports from the Czech Republic

Dental fitting exports from the Czech Republic soared to X tons in 2022, growing by 34% compared with 2021 figures. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 608% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, dental fitting exports surged to $X in 2022. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 184%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

Germany (X tons) was the main destination for dental fitting exports from the Czech Republic, accounting for a 75% share of total exports. Moreover, dental fitting exports to Germany exceeded the volume sent to the second major destination, Spain (X tons), more than tenfold. The third position in this ranking was taken by Italy (X tons), with a 3.2% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +85.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+20.6% per year) and Italy (+35.2% per year).

In value terms, Germany ($X), Italy ($X) and the UK ($X) appeared to be the largest markets for dental fitting exported from the Czech Republic worldwide, together accounting for 49% of total exports.

The UK, with a CAGR of +99.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 ton in 2022, with an increase of 48% against the previous year. Overall, the export price, however, saw a sharp decrease. The growth pace was the most rapid in 2021 an increase of 70%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+33.5%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Fitting Imports

Imports into the Czech Republic

In 2022, overseas purchases of dental fittings decreased by -5.8% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 72% against the previous year. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, dental fitting imports declined modestly to $X in 2022. Over the period under review, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 78% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

The United States (X tons), South Korea (X tons) and Germany (X tons) were the main suppliers of dental fitting imports to the Czech Republic, with a combined 77% share of total imports. Italy, China, Slovakia, Sweden, Switzerland, Belgium and Austria lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +54.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of dental fittings to the Czech Republic, comprising 37% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by Switzerland, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea amounted to +39.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.3% per year) and Switzerland (+0.9% per year).

Import Prices by Country

The average dental fitting import price stood at $X per ton in 2022, with an increase of 5.2% against the previous year. Over the period under review, the import price, however, recorded a mild shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 35% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :