Hong Kong SAR, China: Dental Instruments Market 2024

Dental Instruments Market Size in Hong Kong SAR, China

The Hong Kong dental instruments market surged to $X in 2021, rising by 68% 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). In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.3% 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 +68.4% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Dental Instruments Exports

Exports from Hong Kong SAR, China

Dental instruments exports from Hong Kong SAR soared to X units in 2021, increasing by 74% against 2020. Overall, exports, however, continue to indicate a deep slump. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, dental instruments exports soared to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

India (X units), Japan (X units) and Australia (X units) were the main destinations of dental instruments exports from Hong Kong SAR, together accounting for 40% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +42.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dental instruments exported from Hong Kong SAR were India ($X), Japan ($X) and Australia ($X), with a combined 40% share of total exports.

Among the main countries of destination, India, with a CAGR of +50.9%, recorded 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 an increase of 16% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the average export price increased by 33%. The export price peaked in 2021 and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, the highest price was recorded for prices to the UK ($X per unit) and Macao SAR ($X per unit), while the average price for exports to Singapore ($X per unit) and Taiwan (Chinese) ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Instruments Imports

Imports into Hong Kong SAR, China

In 2021, the amount of instruments for dental sciences imported into Hong Kong SAR soared to X units, with an increase of 85% compared with the previous year's figure. In general, imports showed noticeable growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, dental instruments imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X units), Switzerland (X units) and the Netherlands (X units) were the main suppliers of dental instruments imports to Hong Kong SAR, with a combined 62% share of total imports. Germany, China, Italy, Singapore, South Korea, Japan, Israel, Taiwan (Chinese) and Denmark lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +32.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Switzerland ($X) and the Netherlands ($X) were the largest dental instruments suppliers to Hong Kong SAR, with a combined 62% share of total imports. These countries were followed by Germany, China, Italy, Singapore, South Korea, Japan, Israel, Taiwan (Chinese) and Denmark, which together accounted for a further 33%.

Among the main suppliers, Denmark, with a CAGR of +22.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average dental instruments import price amounted to $X per unit, dropping by -16.4% against the previous year. In general, the import price saw a deep downturn. The growth pace was the most rapid in 2016 an increase of 9.7% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Denmark ($X per unit) and the Netherlands ($X per unit), while the price for Israel ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (-7.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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