New Zealand: Dental Instruments Market 2024

Dental Instruments Market Size in New Zealand

In 2021, the New Zealand dental instruments market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption saw notable growth. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Dental Instruments Production in New Zealand

In value terms, dental instruments production rose remarkably to $X in 2021 estimated in export price. In general, production continues to indicate a measured expansion. The pace of growth appeared the most rapid in 2016 with an increase of 211% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Dental Instruments Exports

Exports from New Zealand

Dental instruments exports from New Zealand soared to X units in 2021, increasing by 63% on the year before. Overall, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2016 with an increase of 139% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, dental instruments exports soared to $X in 2021. Over the period under review, exports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2016 when exports increased by 93% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Australia (X units), Fiji (X units) and Hong Kong SAR (X units) were the main destinations of dental instruments exports from New Zealand, together accounting for 60% 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 Hong Kong SAR (with a CAGR of +74.9%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the key foreign market for instruments for dental sciences exports from New Zealand, comprising 34% of total exports. The second position in the ranking was taken by Fiji ($X), with a 14% share of total exports. It was followed by Hong Kong SAR, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value to Australia stood at -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+8.2% per year) and Hong Kong SAR (+64.7% per year).

Export Prices by Country

In 2021, the average dental instruments export price amounted to $X per unit, with a decrease of -4.2% against the previous year. In general, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by 37%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per unit), while the average price for exports to Fiji ($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 Fiji (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Instruments Imports

Imports into New Zealand

In 2021, purchases abroad of instruments for dental sciences was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, dental instruments imports soared to $X in 2021. The total import value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia (X units), the United States (X units) and Germany (X units) were the main suppliers of dental instruments imports to New Zealand, with a combined 63% share of total imports. Switzerland, Japan, Austria, Israel, Italy, Hong Kong SAR, Denmark, China and Finland lagged somewhat behind, together comprising a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Israel (with a CAGR of +44.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the United States ($X) and Germany ($X) appeared to be the largest dental instruments suppliers to New Zealand, together accounting for 63% of total imports. These countries were followed by Switzerland, Japan, Israel, Austria, Italy, Hong Kong SAR, China, Denmark and Finland, which together accounted for a further 31%.

Israel, with a CAGR of +46.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average dental instruments import price amounted to $X per unit, almost unchanged from the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2016 an increase of 9.7% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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