Philippines: Dental Instruments Market 2024

Dental Instruments Market Size in the Philippines

In 2021, the Philippine dental instruments market decreased by -30.7% to $X, falling for the third year in a row after two years of growth. In general, consumption faced a deep downturn. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Dental Instruments Exports

Exports from the Philippines

For the third consecutive year, the Philippines recorded growth in shipments abroad of instruments for dental sciences, which increased by 253% to X units in 2021. Over the period under review, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 425% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, dental instruments exports skyrocketed to $X in 2021. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 368% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

The United States (X units) was the main destination for dental instruments exports from the Philippines, with a 67% share of total exports. Moreover, dental instruments exports to the United States exceeded the volume sent to the second major destination, Japan (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +57.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+5.2% per year) and Oman (+108.4% per year).

In value terms, the United States ($X) emerged as the key foreign market for instruments for dental sciences exports from the Philippines, comprising 71% of total exports. The second position in the ranking was taken by Japan ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +150.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+20.9% per year) and Oman (+133.5% per year).

Export Prices by Country

The average dental instruments export price stood at $X per unit in 2021, with an increase of 9.4% against the previous year. In general, the export price showed a remarkable increase. The pace of growth was the most pronounced in 2013 an increase of 131% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Japan ($X per unit), while the average price for exports to Oman ($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 (+58.9%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Instruments Imports

Imports into the Philippines

In 2021, purchases abroad of instruments for dental sciences decreased by -34.2% to X units, falling for the third year in a row after two years of growth. In general, imports saw a abrupt descent. The pace of growth was the most pronounced in 2015 when imports increased by 270%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, dental instruments imports dropped to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 72%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of dental instruments to the Philippines, with a 41% share of total imports. Moreover, dental instruments imports from China exceeded the figures recorded by the second-largest supplier, Pakistan (X units), twofold. The third position in this ranking was held by Japan (X units), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+9.9% per year) and Japan (-12.5% per year).

In value terms, Japan ($X), Germany ($X) and China ($X) were the largest dental instruments suppliers to the Philippines, together comprising 61% of total imports. These countries were followed by Pakistan, the United States, Hong Kong SAR, South Korea and the Netherlands, which together accounted for a further 25%.

Pakistan, with a CAGR of +28.7%, 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, picking up by 47% against the previous year. In general, the import price posted a significant expansion. The most prominent rate of growth was recorded in 2013 an increase of 159% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+40.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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