India: Dental Instruments Market 2024

Dental Instruments Market Size in India

For the third consecutive year, the Indian dental instruments market recorded growth in sales value, which increased by 2.4% to $X in 2021. Overall, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +53.9% against 2012 indices. Dental instruments consumption peaked in 2021 and is expected to retain growth in the immediate term.

Dental Instruments Production in India

In value terms, dental instruments production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by 24%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Dental Instruments Exports

Exports from India

For the seventh consecutive year, India recorded growth in overseas shipments of instruments for dental sciences, which increased by 98% to X units in 2021. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, dental instruments exports soared to $X in 2021. Overall, exports saw strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X units), Germany (X units) and the United States (X units) were the main destinations of dental instruments exports from India, together comprising 72% of total exports. Hong Kong SAR, the United Arab Emirates, Maldives and Nepal lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the biggest increases were recorded for Maldives (with a CAGR of +106.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), the United States ($X) and the UK ($X) appeared to be the largest markets for dental instruments exported from India worldwide, together accounting for 32% of total exports. These countries were followed by Germany, Maldives, Nepal and the United Arab Emirates, which together accounted for a further 16%.

Among the main countries of destination, Maldives, with a CAGR of +73.3%, saw 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, falling by -16.8% against the previous year. In general, the export price saw a drastic downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Maldives ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+2.2%), while the prices for the other major destinations experienced a decline.

Dental Instruments Imports

Imports into India

In 2021, approx. X units of instruments for dental sciences were imported into India; picking up by 124% on the previous year. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, dental instruments imports surged to $X in 2021. In general, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest dental instruments supplier to India, with a 70% share of total imports. Moreover, dental instruments imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), sevenfold. Vietnam (X units) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +30.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+74.0% per year) and Vietnam (+87.6% per year).

In value terms, China ($X) constituted the largest supplier of instruments for dental sciences to India, comprising 28% of total imports. The second position in the ranking was held by South Korea ($X), with a 12% share of total imports. It was followed by Hong Kong SAR, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+19.3% per year) and Hong Kong SAR (+38.3% per year).

Import Prices by Country

The average dental instruments import price stood at $X per unit in 2021, reducing by -15.9% against the previous year. Over the period under review, the import price showed a deep downturn. The pace of growth appeared the most rapid in 2013 when the average import price increased by 22%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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