Peru: Dental Fitting Market 2024

Dental Fitting Market Size in Peru

The Peruvian dental fitting market reduced sharply to $X in 2022, waning by -16.5% 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). In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then fell rapidly in the following year.

Dental Fitting Exports

Exports from Peru

In 2022, after two years of decline, there was significant growth in shipments abroad of dental fittings, when their volume increased by 29% to X kg. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 1,409% against the previous year. The exports peaked at X kg in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, dental fitting exports surged to $X in 2022. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 1,568%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina (X kg), Chile (X kg) and South Korea (X kg) were the main destinations of dental fitting exports from Peru, together comprising 83% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of +41.0%), while the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X) remains the key foreign market for dental fittings exports from Peru, comprising 60% of total exports. The second position in the ranking was taken by South Korea ($X), with a 14% share of total exports. It was followed by Chile, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Argentina amounted to +40.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+82.4% per year) and Chile (+59.8% per year).

Export Prices by Country

The average dental fitting export price stood at $X per ton in 2022, rising by 11% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dental fitting export price decreased by -9.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 84% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+49.1%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Fitting Imports

Imports into Peru

In 2022, the amount of dental fittings imported into Peru reduced to X tons, with a decrease of -6.3% on 2021 figures. Overall, imports saw a mild downturn. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, dental fitting imports reduced notably to $X in 2022. In general, total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 68%. Imports peaked at $X in 2021, and then declined markedly in the following year.

Imports by Country

China (X tons), Brazil (X tons) and South Korea (X kg) were the main suppliers of dental fitting imports to Peru, with a combined 61% share of total imports. The United States, Switzerland, Mexico, Germany and Israel lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +55.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Switzerland ($X) and South Korea ($X) were the largest dental fitting suppliers to Peru, together comprising 59% of total imports.

Switzerland, with a CAGR of +56.7%, recorded 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

The average dental fitting import price stood at $X per ton in 2022, waning by -13.9% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of 33%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :