Greece: Dental Instruments Market 2024

Dental Instruments Market Size in Greece

The Greek dental instruments market surged to $X in 2021, picking up by 31% 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, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +113.0% against 2015 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Dental Instruments Exports

Exports from Greece

In 2021, shipments abroad of instruments for dental sciences was finally on the rise to reach X units after two years of decline. Overall, total exports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 47%. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, dental instruments exports soared to $X in 2021. In general, exports saw a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 39% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Italy (X units), Romania (X units) and Cyprus (X units) were the main destinations of dental instruments exports from Greece, together comprising 49% of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +95.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dental instruments exported from Greece were Italy ($X), Cyprus ($X) and the Netherlands ($X), together comprising 59% of total exports.

In terms of the main countries of destination, Italy, with a CAGR of +110.8%, saw the highest rates of growth with regard to 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 average dental instruments export price amounted to $X per unit, with a decrease of -5.7% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2016 an increase of 30%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Cyprus ($X per unit), while the average price for exports to Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Instruments Imports

Imports into Greece

In 2021, imports of instruments for dental sciences into Greece rose notably to X units, growing by 14% against the year before. Over the period under review, total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% 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 +30.0% against 2016 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 25% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, dental instruments imports surged to $X in 2021. In general, imports posted buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), Germany (X units) and China (X units) were the main suppliers of dental instruments imports to Greece, with a combined 75% share of total imports. France, Bulgaria, Austria, the Netherlands and the United States lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +79.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of instruments for dental sciences to Greece, comprising 37% of total imports. The second position in the ranking was held by Italy ($X), with a 15% share of total imports. It was followed by Austria, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.3% per year) and Austria (+8.2% per year).

Import Prices by Country

The average dental instruments import price stood at $X per unit in 2021, with an increase of 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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