Hong Kong SAR, China: Dental Fitting Market 2024

Dental Fitting Market Size in Hong Kong SAR, China

The Hong Kong dental fitting market plummeted to $X in 2022, waning by -37.5% against the previous year. In general, consumption, however, enjoyed a resilient increase. As a result, consumption reached the peak level of $X, and then dropped dramatically in the following year.

Dental Fitting Production in Hong Kong SAR, China

In value terms, dental fitting production dropped sharply to $X in 2022 estimated in export price. Over the period under review, production, however, saw a temperate expansion. The growth pace was the most rapid in 2014 when the production volume increased by 942% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Dental Fitting Exports

Exports from Hong Kong SAR, China

In 2022, approx. X tons of dental fittings were exported from Hong Kong SAR; approximately equating the previous year. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 146% against the previous year. The exports peaked at X tons in 2021, and then shrank slightly in the following year.

In value terms, dental fitting exports dropped rapidly to $X in 2022. In general, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2015 with an increase of 87%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank significantly in the following year.

Exports by Country

Germany (X tons), France (X tons) and South Korea (X tons) were the main destinations of dental fitting exports from Hong Kong SAR, together accounting for 68% of total exports. Israel, the United States, China, Japan and Norway lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +192.9%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for dental fittings exports from Hong Kong SAR, comprising 52% of total exports. The second position in the ranking was taken by South Korea ($X), with a 16% share of total exports. It was followed by Israel, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value to China stood at +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+49.7% per year) and Israel (+121.8% per year).

Export Prices by Country

In 2022, the average dental fitting export price amounted to $X per ton, with a decrease of -47.5% against the previous year. Over the period under review, the export price, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 351%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Germany ($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 Japan (+28.0%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Fitting Imports

Imports into Hong Kong SAR, China

In 2022, after three years of growth, there was significant decline in purchases abroad of dental fittings, when their volume decreased by -11.4% to X tons. Over the period under review, imports, however, recorded a temperate expansion. The growth pace was the most rapid in 2021 when imports increased by 68%. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, dental fitting imports fell remarkably to $X in 2022. In general, imports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2015 with an increase of 143% against the previous year. Imports peaked at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest dental fitting supplier to Hong Kong SAR, accounting for a 42% share of total imports. Moreover, dental fitting imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+32.7% per year) and Germany (+23.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of dental fittings to Hong Kong SAR, comprising 48% of total imports. The second position in the ranking was taken by South Korea ($X), with a 20% share of total imports. It was followed by China, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to +25.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+18.2% per year) and China (+8.0% per year).

Import Prices by Country

In 2022, the average dental fitting import price amounted to $X per ton, falling by -24% against the previous year. In general, the import price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 117% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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