Kuwait: Dental Instruments Market 2024

Dental Instruments Market Size in Kuwait

The Kuwaiti dental instruments market contracted modestly to $X in 2021, which is down by -3.8% 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). Overall, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% 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 +19.6% against 2018 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Dental Instruments Exports

Exports from Kuwait

In 2021, shipments abroad of instruments for dental sciences decreased by -37.7% to X units, falling for the second consecutive year after three years of growth. In general, exports, however, enjoyed mild growth. The pace of growth was the most pronounced in 2013 with an increase of 149%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, dental instruments exports shrank rapidly to $X in 2021. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 195%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X units), the United Arab Emirates (X units) and France (X units) were the main destinations of dental instruments exports from Kuwait, with a combined 78% share 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 Italy (with a CAGR of +32.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for instruments for dental sciences exports from Kuwait, comprising 49% of total exports. The second position in the ranking was held by France ($X), with a 15% share of total exports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +30.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+23.7% per year) and Italy (+31.7% per year).

Export Prices by Country

In 2021, the average dental instruments export price amounted to $X per unit, picking up by 5.7% against the previous year. In general, the export price saw strong growth. The pace of growth appeared the most rapid in 2015 an increase of 112%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Austria ($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 Oman (+340.3%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Instruments Imports

Imports into Kuwait

In 2021, dental instruments imports into Kuwait declined to X units, waning by -10.6% compared with the year before. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +9.8% against 2018 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 103%. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, dental instruments imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 33% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of dental instruments to Kuwait, with a 30% share of total imports. Moreover, dental instruments imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. Germany (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +65.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+65.0% per year) and Germany (-8.9% per year).

In value terms, the largest dental instruments suppliers to Kuwait were Germany ($X), Switzerland ($X) and the United States ($X), with a combined 52% share of total imports. Japan, Italy, France, South Korea, Austria, China, Belgium, the United Arab Emirates and India lagged somewhat behind, together comprising a further 34%.

In terms of the main suppliers, Japan, with a CAGR of +34.7%, 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

The average dental instruments import price stood at $X per unit in 2021, increasing by 21% against the previous year. In general, the import price, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in 2015 when the average import price increased by 21%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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