Norway: Dental Instruments Market 2024

Dental Instruments Market Size in Norway

In 2021, the Norwegian dental instruments market increased by 35% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Dental Instruments Exports

Exports from Norway

In 2021, approx. X units of instruments for dental sciences were exported from Norway; growing by 59% compared with the previous year's figure. Over the period under review, total exports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, dental instruments exports expanded significantly to $X in 2021. In general, exports, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2017 when exports increased by 75%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for dental instruments exports from Norway, with a 39% share of total exports. Moreover, dental instruments exports to the United States exceeded the volume sent to the second major destination, France (X units), twofold. The third position in this ranking was taken by the Netherlands (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+18.3% per year) and the Netherlands (+30.7% per year).

In value terms, the largest markets for dental instruments exported from Norway were the United States ($X), Sweden ($X) and Germany ($X), with a combined 61% share of total exports. These countries were followed by France, the Netherlands, Luxembourg, Spain, Finland and the UK, which together accounted for a further 27%.

Spain, with a CAGR of +37.6%, 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

In 2021, the average dental instruments export price amounted to $X per unit, with a decrease of -29.6% against the previous year. In general, the export price showed a abrupt downturn. The growth pace was the most rapid in 2017 when the average export price increased by 31%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to France ($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 the United States (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Instruments Imports

Imports into Norway

In 2021, after three years of decline, there was significant growth in overseas purchases of instruments for dental sciences, when their volume increased by 37% to X units. Overall, imports, however, continue to indicate a mild reduction. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, dental instruments imports surged to $X in 2021. The total import value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern 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

The United States (X units), Switzerland (X units) and Sweden (X units) were the main suppliers of dental instruments imports to Norway, with a combined 61% share of total imports. These countries were followed by Germany, China, Finland, France, Israel, Canada, Italy and Denmark, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +30.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Switzerland ($X) and Finland ($X) were the largest dental instruments suppliers to Norway, together comprising 54% of total imports. These countries were followed by the United States, Denmark, Sweden, Italy, Israel, France, China and Canada, which together accounted for a further 36%.

Israel, with a CAGR of +33.4%, saw the highest rates of growth with regard to the value of imports, in terms of 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, leveling off at the previous year. In general, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.2% 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 -4.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 41%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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