Latin America and the Caribbean: Dental Instruments Market 2024

Dental Instruments Market Size in Latin America and the Caribbean

The Latin American dental instruments market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Dental Instruments Production in Latin America and the Caribbean

In value terms, dental instruments production rose modestly to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.8% against 2017 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 54%. The level of production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Dental Instruments Exports

Exports in Latin America and the Caribbean

Dental instruments exports surged to X units in 2021, jumping by 79% compared with 2020 figures. Over the period under review, exports showed a noticeable expansion. Over the period under review, the exports hit record highs at X units in 2013; afterwards, it flattened through to 2021.

In value terms, dental instruments exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a slight decline. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Mexico (X units) and Brazil (X units) dominates exports structure, together achieving 96% of total exports. Colombia (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +11.4%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Brazil ($X), Mexico ($X) and Colombia ($X) were the countries with the highest levels of exports in 2021, together accounting for 98% of total exports.

Colombia, with a CAGR of +2.8%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per unit, declining by -20.9% against the previous year. Over the period under review, the export price recorded a noticeable contraction. The pace of growth was the most pronounced in 2016 when the export price increased by 41%. Over the period under review, the export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+0.4%), while the other leaders experienced a decline in the export price figures.

Dental Instruments Imports

Imports in Latin America and the Caribbean

In 2021, approx. X units of instruments for dental sciences were imported in Latin America and the Caribbean; growing by 93% on the year before. Overall, imports recorded a perceptible expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, dental instruments imports soared to $X in 2021. Total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico represented the largest importing country with an import of around X units, which finished at 42% of total imports. Brazil (X units) took an 18% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (8.7%), Chile (6.8%) and Peru (6.4%). Guatemala (X units) and El Salvador (X units) held a relatively small share of total imports.

Imports into Mexico increased at an average annual rate of +2.4% from 2012 to 2021. At the same time, Chile (+12.0%), El Salvador (+11.8%), Colombia (+5.7%), Brazil (+5.6%), Peru (+5.2%) and Guatemala (+4.0%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +12.0% from 2012-2021. While the share of Chile (+3.5 p.p.), Brazil (+3.5 p.p.), El Salvador (+1.7 p.p.) and Colombia (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Mexico (-2.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest dental instruments importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Chile ($X), together comprising 67% of total imports.

Among the main importing countries, Brazil, with a CAGR of +11.9%, 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 2021, the import price in Latin America and the Caribbean amounted to $X per unit, waning by -12.6% against the previous year. Import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dental instruments import price decreased by -35.8% against 2017 indices. The most prominent rate of growth was recorded in 2015 an increase of 41%. Over the period under review, import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Chile ($X per unit), while El Salvador ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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