Hong Kong SAR, China: Artificial Teeth Market 2024

Artificial Teeth Market Size in Hong Kong SAR, China

In 2022, after ten years of growth, there was significant decline in the Hong Kong artificial teeth market, when its value decreased by -54.3% to $X. In general, consumption showed a pronounced contraction. As a result, consumption attained the peak level of $X, and then fell rapidly in the following year.

Artificial Teeth Production in Hong Kong SAR, China

In value terms, artificial teeth production surged to $X in 2022 estimated in export price. Over the period under review, production, however, faced a drastic downturn. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Artificial Teeth Exports

Exports from Hong Kong SAR, China

In 2022, after ten years of growth, there was significant decline in overseas shipments of artificial teeth, when their volume decreased by -53.6% to X units. In general, exports showed a deep contraction. The growth pace was the most rapid in 2021 when exports increased by 91% against the previous year. As a result, the exports reached the peak of X units, and then plummeted in the following year.

In value terms, artificial teeth exports reduced remarkably to $X in 2022. Over the period under review, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 100% against the previous year. As a result, the exports reached the peak of $X, and then contracted sharply in the following year.

Exports by Country

The United States (X units) was the main destination for artificial teeth exports from Hong Kong SAR, with a 41% share of total exports. Moreover, artificial teeth exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), twofold. France (X units) ranked third in terms of total exports with a 12% share.

From 2020 to 2022, the average annual growth rate of volume to the United States stood at +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-10.6% per year) and France (+4.1% per year).

In value terms, the United States ($X) remains the key foreign market for artificial teeth exports from Hong Kong SAR, comprising 41% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 19% share of total exports. It was followed by France, with a 12% share.

From 2020 to 2022, the average annual rate of growth in terms of value to the United States amounted to +34.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+14.4% per year) and France (+33.2% per year).

Export Prices by Country

In 2022, the average artificial teeth export price amounted to $X per unit, surging by 56% against the previous year. In general, export price indicated a significant increase from 2020 to 2022: its price increased at an average annual rate of +27.9% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, artificial teeth export price increased by +63.5% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per unit) and the Netherlands ($X per unit), while the average price for exports to Sweden ($X per unit) and Denmark ($X per unit) were amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+28.0%), while the prices for the other major destinations experienced more modest paces of growth.

Artificial Teeth Imports

Imports into Hong Kong SAR, China

In 2022, approx. X units of artificial teeth were imported into Hong Kong SAR; reducing by -69.9% on the previous year's figure. Over the period under review, imports showed a significant contraction. The smallest decline of -14.3% was in 2021. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, artificial teeth imports dropped sharply to $X in 2022. In general, imports, however, showed a measured expansion. The growth pace was the most rapid in 2021 when imports increased by 108% against the previous year. As a result, imports reached the peak of $X, and then dropped significantly in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of artificial teeth to Hong Kong SAR, with a 94% share of total imports. Moreover, artificial teeth imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold.

From 2020 to 2022, the average annual rate of growth in terms of volume from China totaled -48.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-39.2% per year) and Switzerland (-13.0% per year).

In value terms, China ($X) constituted the largest supplier of artificial teeth to Hong Kong SAR, comprising 94% of total imports. The second position in the ranking was taken by Germany ($X), with a 3.2% share of total imports.

From 2020 to 2022, the average annual growth rate of value from China stood at -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.0% per year) and Switzerland (+63.0% per year).

Import Prices by Country

The average artificial teeth import price stood at $X per unit in 2022, with an increase of 44% against the previous year. In general, the import price recorded a significant expansion. The most prominent rate of growth was recorded in 2021 an increase of 143%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+143.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform