India: Dental Fitting Market 2024

Dental Fitting Market Size in India

The Indian dental fitting market rose slightly to $X in 2022, picking up by 4.8% against the previous year. Overall, consumption, however, enjoyed buoyant growth. Dental fitting consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Dental Fitting Production in India

In value terms, dental fitting production expanded notably to $X in 2022 estimated in export price. Overall, production, however, enjoyed strong growth. The growth pace was the most rapid in 2016 when the production volume increased by 43%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Dental Fitting Exports

Exports from India

In 2022, approx. X tons of dental fittings were exported from India; reducing by -21.4% compared with the previous year. Over the period under review, exports, however, enjoyed measured growth. The growth pace was the most rapid in 2015 when exports increased by 352% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then fell dramatically in the following year.

In value terms, dental fitting exports fell rapidly to $X in 2022. In general, exports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2015 when exports increased by 422% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped significantly in the following year.

Exports by Country

The United States (X kg) was the main destination for dental fitting exports from India, with a 34% share of total exports. Moreover, dental fitting exports to the United States exceeded the volume sent to the second major destination, Italy (X kg), sixfold. The third position in this ranking was held by Hong Kong SAR (X kg), with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+64.4% per year) and Hong Kong SAR (-4.5% per year).

In value terms, the United States ($X) remains the key foreign market for dental fittings exports from India, comprising 34% of total exports. The second position in the ranking was taken by Italy ($X), with a 5.4% share of total exports. It was followed by Hong Kong SAR, with a 5% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+66.2% per year) and Hong Kong SAR (-0.9% per year).

Export Prices by Country

In 2022, the average dental fitting export price amounted to $X per kg, shrinking by -7.4% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dental fitting export price decreased by -22.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 68% against the previous year. Over the period under review, the average export prices reached the maximum at $X per kg in 2020; however, from 2021 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 Mexico ($X per kg), while the average price for exports to the United Arab Emirates ($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 the United Arab Emirates (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Fitting Imports

Imports into India

In 2022, imports of dental fittings into India skyrocketed to X tons, rising by 86% on 2021. Over the period under review, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 100%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, dental fitting imports surged to $X in 2022. In general, imports posted a strong expansion. The growth pace was the most rapid in 2013 when imports increased by 86% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

South Korea (X tons), the United States (X tons) and Switzerland (X tons) were the main suppliers of dental fitting imports to India, together comprising 61% of total imports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +75.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dental fitting suppliers to India were South Korea ($X), the United States ($X) and Switzerland ($X), with a combined 61% share of total imports.

Among the main suppliers, Switzerland, with a CAGR of +75.7%, recorded the highest rates of growth with regard to 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

The average dental fitting import price stood at $X per kg in 2022, waning by -16.2% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 15% against the previous year. As a result, import price attained the peak level of $X per kg. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($X per kg) and Sweden ($X per kg), while the price for China ($X per kg) and South Korea ($X per kg) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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