GCC: Dental Instruments Market 2024

Dental Instruments Market Size in GCC

In 2021, the GCC dental instruments market decreased by -1.4% to $X for the first time since 2014, thus ending a six-year rising trend. In general, consumption saw a strong increase. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Dental Instruments Production in GCC

In value terms, dental instruments production reduced to $X in 2021 estimated in export price. In general, production continues to indicate a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 116% against the previous year. The level of production peaked at $X in 2020, and then contracted in the following year.

Dental Instruments Exports

Exports in GCC

In 2021, overseas shipments of instruments for dental sciences decreased by -36.3% to X units, falling for the third consecutive year after two years of growth. Over the period under review, exports recorded a deep contraction. The pace of growth was the most pronounced in 2017 with an increase of 141%. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, dental instruments exports contracted markedly to $X in 2021. In general, exports, however, saw perceptible growth. The pace of growth was the most pronounced in 2015 when exports increased by 71%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, the United Arab Emirates (X units) represented the key exporter of instruments for dental sciences, creating 61% of total exports. It was distantly followed by Oman (X units), Saudi Arabia (X units) and Bahrain (X units), together comprising a 38% share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -2.3% from 2012 to 2021. At the same time, Oman (+40.2%) and Bahrain (+5.8%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +40.2% from 2012-2021. By contrast, Saudi Arabia (-25.4%) illustrated a downward trend over the same period. The United Arab Emirates (+29 p.p.), Oman (+19 p.p.) and Bahrain (+5.8 p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by -54.2% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) remains the largest dental instruments supplier in GCC, comprising 60% of total exports. The second position in the ranking was held by Oman ($X), with a 21% share of total exports. It was followed by Bahrain, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Oman (+44.7% per year) and Bahrain (+5.3% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per unit, declining by -25.9% against the previous year. In general, the export price, however, showed a resilient expansion. The growth pace was the most rapid in 2019 when the export price increased by 83%. The level of export peaked at $X per unit in 2020, and then reduced sharply in the following year.

Prices varied noticeably country of origin: the country with the highest price was Bahrain ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+24.7%), while the other leaders experienced more modest paces of growth.

Dental Instruments Imports

Imports in GCC

In 2021, supplies from abroad of instruments for dental sciences increased by 37% to X units, rising for the second consecutive year after two years of decline. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.4% 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 +41.5% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 41%. The volume of import peaked at X units in 2017; afterwards, it flattened through to 2021.

In value terms, dental instruments imports soared to $X in 2021. Total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the major importing country with an import of around X units, which resulted at 70% of total imports. Oman (X units) ranks second in terms of the total imports with a 13% share, followed by Kuwait (12%). The following importers - Qatar (X units) and Bahrain (X units) - each accounted for a 4.7% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to dental instruments imports into the United Arab Emirates stood at +7.4%. At the same time, Qatar (+16.7%), Oman (+7.1%) and Kuwait (+5.9%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +16.7% from 2012-2021. By contrast, Bahrain (-15.7%) illustrated a downward trend over the same period. The United Arab Emirates (+11 p.p.) and Oman (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Bahrain saw its share reduced by -14.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported instruments for dental sciences in GCC, comprising 34% of total imports. The second position in the ranking was held by Kuwait ($X), with a 13% share of total imports. It was followed by Qatar, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +3.2%. In the other countries, the average annual rates were as follows: Kuwait (+2.4% per year) and Qatar (+9.5% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, growing by 5.6% against the previous year. Over the period under review, the import price, however, recorded a noticeable decrease. The growth pace was the most rapid in 2014 an increase of 20%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+12.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform