Ecuador: Dental Fitting Market 2024

Dental Fitting Market Size in Ecuador

The Ecuadorian dental fitting market fell rapidly to $X in 2022, with a decrease of -30.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a buoyant increase. As a result, consumption attained the peak level of $X, and then declined markedly in the following year.

Dental Fitting Exports

Exports from Ecuador

After two years of decline, shipments abroad of dental fittings increased by 39% to X kg in 2022. Overall, exports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 143%. The exports peaked at X kg in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, dental fitting exports surged to $X in 2022. Over the period under review, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 119%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X kg) was the main destination for dental fitting exports from Ecuador, with a 41% share of total exports. Moreover, dental fitting exports to France exceeded the volume sent to the second major destination, Belgium (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to France totaled -9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+8.1% per year) and Chile (+14.9% per year).

In value terms, France ($X) remains the key foreign market for dental fittings exports from Ecuador, comprising 46% of total exports. The second position in the ranking was held by Belgium ($X), with a 2.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled -14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-22.1% per year) and Chile (+25.9% per year).

Export Prices by Country

The average dental fitting export price stood at $X per kg in 2022, shrinking by -12.7% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by 28% against the previous year. As a result, the export price reached the peak level of $X per kg. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per kg), while the average price for exports to Belgium ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+10.7%), while the prices for the other major destinations experienced a decline.

Dental Fitting Imports

Imports into Ecuador

In 2022, after four years of growth, there was significant decline in supplies from abroad of dental fittings, when their volume decreased by -44% to X tons. Overall, imports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 126% against the previous year. As a result, imports reached the peak of X tons, and then reduced notably in the following year.

In value terms, dental fitting imports fell dramatically to $X in 2022. In general, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 85% against the previous year. As a result, imports reached the peak of $X, and then declined dramatically in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest dental fitting supplier to Ecuador, with a 39% share of total imports. Moreover, dental fitting imports from China exceeded the figures recorded by the second-largest supplier, the United States (X kg), fourfold. Mexico (X kg) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.4% per year) and Mexico (+6.8% per year).

In value terms, the largest dental fitting suppliers to Ecuador were the United States ($X), Israel ($X) and Mexico ($X), together comprising 42% of total imports. The Netherlands, Italy, Spain, Switzerland, Brazil, South Korea, China and Hong Kong SAR lagged somewhat behind, together comprising a further 33%.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +189.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average dental fitting import price stood at $X per ton in 2022, jumping by 38% against the previous year. In general, the import price, however, recorded a pronounced decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Israel ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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