Hungary: Dental Fitting Market 2024

Dental Fitting Market Size in Hungary

The Hungarian dental fitting market rose rapidly to $X in 2022, increasing by 15% against the previous year. In general, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +10.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.4% against 2020 indices. Dental fitting consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Dental Fitting Production in Hungary

In value terms, dental fitting production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 15%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Dental Fitting Exports

Exports from Hungary

In 2022, the amount of dental fittings exported from Hungary shrank remarkably to X tons, reducing by -25% against the previous year. Overall, exports, however, posted a resilient expansion. The growth pace was the most rapid in 2015 when exports increased by 136% against the previous year. The exports peaked at X tons in 2021, and then contracted remarkably in the following year.

In value terms, dental fitting exports contracted dramatically to $X in 2022. Over the period under review, exports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2015 with an increase of 130%. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank sharply in the following year.

Exports by Country

The United States (X tons) was the main destination for dental fitting exports from Hungary, with a 38% share of total exports. Moreover, dental fitting exports to the United States exceeded the volume sent to the second major destination, Georgia (X kg), threefold. Poland (X kg) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +61.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+88.1% per year) and Poland (+16.7% per year).

In value terms, the United States ($X), Georgia ($X) and the United Arab Emirates ($X) constituted the largest markets for dental fitting exported from Hungary worldwide, with a combined 49% share of total exports. Poland, Jordan, Portugal, Cyprus, Lebanon, Syrian Arab Republic, Saudi Arabia, Italy and Germany lagged somewhat behind, together comprising a further 34%.

Cyprus, with a CAGR of +329.0%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the average dental fitting export price amounted to $X per kg, reducing by -5.6% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of 19%. Over the period under review, the average export prices hit record highs at $X per kg in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($X per kg), while the average price for exports to Germany ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Fitting Imports

Imports into Hungary

In 2022, the amount of dental fittings imported into Hungary fell to X tons, reducing by -5.7% compared with 2021 figures. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, dental fitting imports contracted modestly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 38%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

France (X tons), Germany (X tons) and South Korea (X tons) were the main suppliers of dental fitting imports to Hungary, together accounting for 70% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +118.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dental fitting suppliers to Hungary were Germany ($X), the Netherlands ($X) and France ($X), with a combined 74% share of total imports.

Among the main suppliers, France, with a CAGR of +93.4%, saw 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 2022, the average dental fitting import price amounted to $X per kg, picking up by 3.7% against the previous year. Overall, the import price, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2014 an increase of 24%. Over the period under review, average import prices attained the maximum at $X per kg in 2012; however, from 2013 to 2022, 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 ($X per kg), while the price for China ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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