Oman: Dental Instruments Market 2024

Dental Instruments Market Size in Oman

The Omani dental instruments market reached $X in 2021, picking up by 15% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -9.3% against 2019 indices. Dental instruments consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Dental Instruments Exports

Exports from Oman

Dental instruments exports from Oman declined dramatically to X units in 2021, dropping by -21.2% on 2020 figures. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 507% against the previous year. As a result, the exports attained the peak of X units, and then reduced rapidly in the following year.

In value terms, dental instruments exports dropped significantly to $X in 2021. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 2,741%. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

India (X units) was the main destination for dental instruments exports from Oman, accounting for a 100% share of total exports. It was followed by Austria (X units), with a 0.2% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to India stood at +1,473.4%.

In value terms, India ($X) remains the key foreign market for instruments for dental sciences exports from Oman, comprising 99% of total exports. The second position in the ranking was held by Austria ($X), with a 0.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to India totaled +1,067.1%.

Export Prices by Country

The average dental instruments export price stood at $X per unit in 2021, declining by -4.2% against the previous year. In general, the export price, however, posted a measured increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 368%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Austria ($X per unit), while the average price for exports to India amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+124.0%), while the prices for the other major destinations experienced mixed trend patterns.

Dental Instruments Imports

Imports into Oman

In 2021, after two years of decline, there was significant growth in purchases abroad of instruments for dental sciences, when their volume increased by 55% to X units. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at X units in 2018; afterwards, it flattened through to 2021.

In value terms, dental instruments imports contracted rapidly to $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 29% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then declined notably in the following year.

Imports by Country

In 2021, China (X units) constituted the largest supplier of dental instruments to Oman, accounting for a 55% share of total imports. Moreover, dental instruments imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), threefold. Hong Kong SAR (X units) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +27.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+7.9% per year) and Hong Kong SAR (-9.3% per year).

In value terms, Turkey ($X), China ($X) and the Philippines ($X) constituted the largest dental instruments suppliers to Oman, with a combined 32% share of total imports. These countries were followed by Germany, Luxembourg, Bahrain, the United Arab Emirates, the Netherlands, South Korea, Hong Kong SAR, India, Saudi Arabia and the United States, which together accounted for a further 38%.

Luxembourg, with a CAGR of +117.2%, saw the highest growth rate of 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, which is down by -45.5% against the previous year. In general, the import price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 64%. As a result, import price reached the peak level of $X per unit, and then declined rapidly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+29.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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