Latin America and the Caribbean: Dental Fitting Market 2024

Dental Fitting Market Size in Latin America and the Caribbean

The Latin American dental fitting market declined to $X in 2022, which is down by -6.3% against the previous year. The total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +11.8% against 2020 indices. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Dental Fitting Production in Latin America and the Caribbean

In value terms, dental fitting production shrank to $X in 2022 estimated in export price. In general, production saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 19%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Dental Fitting Exports

Exports in Latin America and the Caribbean

In 2022, approx. X tons of dental fittings were exported in Latin America and the Caribbean; shrinking by -7.4% compared with the year before. Over the period under review, exports showed a sharp slump. The growth pace was the most rapid in 2021 with an increase of 214%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, dental fitting exports contracted to $X in 2022. Overall, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 39% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Mexico (X tons) was the major exporter of dental fittings, generating 76% of total exports. It was distantly followed by Brazil (X tons), achieving a 19% share of total exports.

Exports from Mexico decreased at an average annual rate of -27.6% from 2012 to 2022. At the same time, Brazil (+1.5%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +1.5% from 2012-2022. From 2012 to 2022, the share of Brazil increased by +18 percentage points.

In value terms, the largest dental fitting supplying countries in Latin America and the Caribbean were Brazil ($X) and Mexico ($X).

Brazil, with a CAGR of +1.3%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per kg, which is down by -7.4% against the previous year. Overall, the export price, however, enjoyed buoyant growth. The growth pace was the most rapid in 2016 an increase of 1,290% against the previous year. The level of export peaked at $X per kg in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per kg), while Mexico stood at $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+0.9%).

Dental Fitting Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of dental fittings were imported in Latin America and the Caribbean; jumping by 16% compared with 2021 figures. Total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +3.6% 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 +60.8% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 41%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, dental fitting imports amounted to $X in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 63%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

The purchases of the four major importers of dental fittings, namely Chile, Brazil, Mexico and Guatemala, represented more than half of total import. It was distantly followed by Guyana (X tons) and the Dominican Republic (X tons), together constituting a 10% share of total imports. Colombia (X tons), Ecuador (X tons), Argentina (X tons), Peru (X tons), El Salvador (X tons), Nicaragua (X tons) and Panama (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Dominican Republic (with a CAGR of +27.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dental fitting importing markets in Latin America and the Caribbean were Chile ($X), Mexico ($X) and Brazil ($X), with a combined 58% share of total imports. Colombia, Argentina, the Dominican Republic, Peru, Ecuador, Panama, Guatemala, El Salvador, Nicaragua and Guyana lagged somewhat behind, together accounting for a further 33%.

Panama, with a CAGR of +64.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, which is down by -7.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 18% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Colombia ($X per ton), while Guyana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+47.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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