Greece: Dental Fitting Market 2024

Dental Fitting Market Size in Greece

The Greek dental fitting market reached $X in 2022, with an increase of 2.8% against the previous year. In general, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +31.2% against 2020 indices. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Dental Fitting Production in Greece

In value terms, dental fitting production stood at $X in 2022 estimated in export price. Overall, production, however, saw a prominent expansion. The growth pace was the most rapid in 2018 when the production volume increased by 163% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Dental Fitting Exports

Exports from Greece

Dental fitting exports from Greece shrank remarkably to X kg in 2022, dropping by -51.1% on 2021. Overall, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of 248% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, dental fitting exports fell notably to $X in 2022. In general, exports showed a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 295% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Cyprus (X kg) was the main destination for dental fitting exports from Greece, accounting for a 55% share of total exports. Moreover, dental fitting exports to Cyprus exceeded the volume sent to the second major destination, the UK (X kg), threefold. Switzerland (X kg) ranked third in terms of total exports with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cyprus amounted to +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+14.7% per year) and Switzerland (+2.0% per year).

In value terms, Cyprus ($X), the UK ($X) and Switzerland ($X) appeared to be the largest markets for dental fitting exported from Greece worldwide, together comprising 69% of total exports.

The UK, with a CAGR of +70.6%, saw the highest growth rate of 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 a decrease of -22.5% against the previous year. In general, the export price, however, showed a pronounced expansion. The growth pace was the most rapid in 2016 when the average export price increased by 290%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Belgium ($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 Albania (+57.4%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Fitting Imports

Imports into Greece

In 2022, supplies from abroad of dental fittings was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a mild setback. The growth pace was the most rapid in 2015 with an increase of 27%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, dental fitting imports totaled $X in 2022. The total import value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 30%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest dental fitting supplier to Greece, with a 29% share of total imports. Moreover, dental fitting imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to -7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.6% per year) and Italy (+2.1% per year).

In value terms, France ($X), the United States ($X) and Israel ($X) were the largest dental fitting suppliers to Greece, together comprising 50% of total imports. Austria, Germany, the Netherlands, Italy, China and India lagged somewhat behind, together accounting for a further 34%.

Austria, with a CAGR of +133.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average dental fitting import price amounted to $X per ton, remaining constant against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dental fitting import price increased by +76.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 56% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+25.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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