Eastern Asia: Dental Instruments Market 2024

Dental Instruments Market Size in Eastern Asia

In 2021, the East Asian dental instruments market decreased by -4% to $X, falling for the second year in a row after eight years of growth. The total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.2% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Dental Instruments Production in Eastern Asia

In value terms, dental instruments production rose to $X in 2021 estimated in export price. The total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 13%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Dental Instruments Exports

Exports in Eastern Asia

In 2021, dental instruments exports in Eastern Asia skyrocketed to X units, jumping by 51% compared with 2020. Overall, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 52% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, dental instruments exports surged to $X in 2021. In general, exports saw a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, recording X units, which was approx. 87% of total exports in 2021. It was distantly followed by Japan (X units), mixing up a 7.4% share of total exports. The following exporters - South Korea (X units) and Taiwan (Chinese) (X units) - together made up 5.5% of total exports.

China was also the fastest-growing in terms of the instruments for dental sciences exports, with a CAGR of +26.2% from 2012 to 2021. At the same time, South Korea (+13.2%) and Japan (+4.9%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. China (+33 p.p.) significantly strengthened its position in terms of the total exports, while South Korea, Taiwan (Chinese) and Japan saw its share reduced by -2.1%, -10.6% and -16.8% from 2012 to 2021, respectively.

In value terms, the largest dental instruments supplying countries in Eastern Asia were China ($X), South Korea ($X) and Japan ($X), together accounting for 93% of total exports.

In terms of the main exporting countries, South Korea, with a CAGR of +22.8%, recorded the highest growth rate of 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

In 2021, the export price in Eastern Asia amounted to $X per unit, approximately equating the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when the export price increased by 6.5% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+8.5%), while the other leaders experienced mixed trends in the export price figures.

Dental Instruments Imports

Imports in Eastern Asia

In 2021, approx. X units of instruments for dental sciences were imported in Eastern Asia; growing by 27% against 2020. Over the period under review, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of 32%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, dental instruments imports soared to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.0% 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 +59.4% against 2014 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China was the main importer of instruments for dental sciences in Eastern Asia, with the volume of imports resulting at X units, which was near 46% of total imports in 2021. Japan (X units) held a 29% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (10%), South Korea (8.9%) and Taiwan (Chinese) (6.1%).

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +34.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dental instruments importing markets in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), together comprising 88% of total imports.

China, with a CAGR of +13.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, remaining relatively unchanged against the previous year. In general, the import price, however, saw a noticeable decrease. The pace of growth appeared the most rapid in 2017 an increase of 1.1%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per unit), while Hong Kong SAR ($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 (+1.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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