Luxembourg: Dental Instruments Market 2024

Dental Instruments Market Size in Luxembourg

In 2021, the Luxembourg dental instruments market decreased by -97.5% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption saw a dramatic downturn. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Dental Instruments Exports

Exports from Luxembourg

In 2021, overseas shipments of instruments for dental sciences were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports posted a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 77% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

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

Exports by Country

Belgium (X units), Tunisia (X units) and France (X units) were the main destinations of dental instruments exports from Luxembourg, with a combined 66% 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 Tunisia (with a CAGR of +99.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dental instruments exported from Luxembourg were Tunisia ($X), Belgium ($X) and France ($X), together comprising 58% of total exports. These countries were followed by Germany, Togo, Oman and Cote d'Ivoire, which together accounted for a further 24%.

Oman, with a CAGR of +138.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dental instruments export price stood at $X per unit in 2021, surging by 54% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. 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 failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Cote d'Ivoire ($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 (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Instruments Imports

Imports into Luxembourg

In 2021, supplies from abroad of instruments for dental sciences decreased by -28.2% to X units, falling for the third consecutive year after two years of growth. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 57% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, dental instruments imports rose sharply to $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -0.6% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by 62% against the previous year. Imports peaked at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

Germany (X units), the Netherlands (X units) and Belgium (X units) were the main suppliers of dental instruments imports to Luxembourg, together comprising 51% of total imports. South Korea, Italy, France, Spain, Portugal, Switzerland, China, Hong Kong SAR, Denmark and the United States lagged somewhat behind, together comprising a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +84.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of instruments for dental sciences to Luxembourg, comprising 36% of total imports. The second position in the ranking was held by France ($X), with a 7.3% share of total imports. It was followed by South Korea, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-4.5% per year) and South Korea (+38.2% per year).

Import Prices by Country

The average dental instruments import price stood at $X per unit in 2021, increasing by 56% against the previous year. Over the period under review, the import price saw a strong expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 61% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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