Eastern Asia: Dental Fitting Market 2024

Dental Fitting Market Size in Eastern Asia

The East Asian dental fitting market contracted slightly to $X in 2022, which is down by -1.6% against the previous year. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.3% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Dental Fitting Production in Eastern Asia

In value terms, dental fitting production dropped modestly to $X in 2022 estimated in export price. The total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.4% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 46%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Dental Fitting Exports

Exports in Eastern Asia

In 2022, overseas shipments of dental fittings decreased by -3.3% to X tons, falling for the second consecutive year after five years of growth. In general, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 44% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, dental fitting exports fell notably to $X in 2022. Over the period under review, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 53%. As a result, the exports attained the peak of $X, and then fell rapidly in the following year.

Exports by Country

In 2022, China (X tons) and South Korea (X tons) were the key exporters of dental fittings in Eastern Asia, together committing 83% of total exports. It was distantly followed by Hong Kong SAR (X tons), constituting an 11% share of total exports. Taiwan (Chinese) (X tons) and Japan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by South Korea (with a CAGR of +17.1%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the largest dental fitting supplier in Eastern Asia, comprising 70% of total exports. The second position in the ranking was taken by China ($X), with a 15% share of total exports. It was followed by Japan, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Korea totaled +14.0%. In the other countries, the average annual rates were as follows: China (+15.6% per year) and Japan (-6.1% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, shrinking by -22.5% against the previous year. Export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dental fitting export price increased by +40.3% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 81%. As a result, the export price attained the peak level of $X per ton, and then shrank sharply in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.2%), while the other leaders experienced more modest paces of growth.

Dental Fitting Imports

Imports in Eastern Asia

In 2022, the amount of dental fittings imported in Eastern Asia rose modestly to X tons, growing by 3.3% on 2021 figures. Over the period under review, imports enjoyed a resilient increase. The growth pace was the most rapid in 2021 with an increase of 44%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, dental fitting imports shrank slightly to $X in 2022. In general, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 46%. As a result, imports reached the peak of $X, and then shrank modestly in the following year.

Imports by Country

China represented the key importer of dental fittings in Eastern Asia, with the volume of imports resulting at X tons, which was near 51% of total imports in 2022. Hong Kong SAR (X tons) took a 28% share (based on physical terms) of total imports, which put it in second place, followed by Japan (11%), South Korea (5.1%) and Taiwan (Chinese) (4.5%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of +28.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported dental fittings in Eastern Asia, comprising 72% of total imports. The second position in the ranking was taken by Japan ($X), with an 11% share of total imports. It was followed by South Korea, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +24.9%. In the other countries, the average annual rates were as follows: Japan (-0.2% per year) and South Korea (+3.2% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, waning by -8.1% against the previous year. Import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the import price increased by 37% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :