Philippines: Market for Dentist And Barber Chairs 2024

Market Size for Dentist And Barber Chairs in the Philippines

The Philippine dentist or barber chair market declined markedly to $X in 2022, shrinking by -44.1% 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). Overall, consumption showed a noticeable setback. Dentist or barber chair consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Exports of Dentist And Barber Chairs

Exports from the Philippines

In 2022, the amount of dentist and barber chairs exported from the Philippines skyrocketed to X units, jumping by 611% against the year before. Overall, exports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2017 when exports increased by 2,400% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, dentist or barber chair exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2017 when exports increased by 2,633% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Guam (X units) was the main destination for dentist or barber chair exports from the Philippines, with a 78% share of total exports. Moreover, dentist or barber chair exports to Guam exceeded the volume sent to the second major destination, the United States (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guam amounted to -4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-28.5% per year) and Singapore (0.0% per year).

In value terms, Guam ($X) emerged as the key foreign market for dentist and barber chairs exports from the Philippines, comprising 78% of total exports. The second position in the ranking was taken by the United States ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Guam stood at +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-10.3% per year) and Singapore (0.0% per year).

Export Prices by Country

The average dentist or barber chair export price stood at $X per unit in 2022, falling by -16.7% against the previous year. Over the period under review, the export price, however, showed a prominent increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 614%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dentist And Barber Chairs

Imports into the Philippines

In 2022, approx. X units of dentist and barber chairs were imported into the Philippines; declining by -48.6% against 2021. Overall, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by 129% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, dentist or barber chair imports declined remarkably to $X in 2022. Over the period under review, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by 136% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest dentist or barber chair supplier to the Philippines, accounting for a 70% share of total imports. Moreover, dentist or barber chair imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), fivefold. The third position in this ranking was taken by Japan (X units), with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+53.1% per year) and Japan (-4.8% per year).

In value terms, China ($X) constituted the largest supplier of dentist and barber chairs to the Philippines, comprising 68% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 14% share of total imports. It was followed by Japan, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+59.9% per year) and Japan (+10.3% per year).

Import Prices by Country

In 2022, the average dentist or barber chair import price amounted to $X per unit, with an increase of 18% against the previous year. In general, the import price posted buoyant growth. The pace of growth was the most pronounced in 2018 an increase of 191% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per unit) and South Korea ($X per unit), while the price for Thailand ($X per unit) and Vietnam ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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