Portugal: Dental Fitting Market 2024

Dental Fitting Market Size in Portugal

In 2022, the Portuguese dental fitting market decreased by -2.8% to $X, falling for the second consecutive year after four years of growth. In general, the total consumption indicated noticeable growth from 2012 to 2022: its value 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, consumption decreased by -5.7% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Dental Fitting Production in Portugal

In value terms, dental fitting production shrank to $X in 2022 estimated in export price. In general, production saw strong growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 21%. Dental fitting production peaked at $X in 2021, and then declined in the following year.

Dental Fitting Exports

Exports from Portugal

In 2022, shipments abroad of dental fittings increased by 7.9% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by 1,024%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, dental fitting exports declined to $X in 2022. Overall, exports continue to indicate a tangible increase. The growth pace was the most rapid in 2021 when exports increased by 790% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

The UK (X tons) was the main destination for dental fitting exports from Portugal, with a 82% share of total exports. Moreover, dental fitting exports to the UK exceeded the volume sent to the second major destination, Spain (X kg), more than tenfold. The third position in this ranking was held by South Korea (X kg), with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume to the UK stood at +12,486.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-14.1% per year) and South Korea (+98.0% per year).

In value terms, the UK ($X), Spain ($X) and South Korea ($X) constituted the largest markets for dental fitting exported from Portugal worldwide, with a combined 59% share of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +320.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average dental fitting export price amounted to $X per ton, shrinking by -16% against the previous year. Overall, the export price continues to indicate a abrupt descent. The growth pace was the most rapid in 2014 when the average export price increased by 58%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to the UK ($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 Angola (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Fitting Imports

Imports into Portugal

In 2022, imports of dental fittings into Portugal expanded slightly to X tons, rising by 2.9% against the previous year's figure. Overall, imports saw a modest expansion. The growth pace was the most rapid in 2019 with an increase of 74% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, dental fitting imports shrank to $X in 2022. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.8% 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 +36.5% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 47% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest dental fitting supplier to Portugal, accounting for a 45% share of total imports. Moreover, dental fitting imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.2% per year) and China (+28.6% per year).

In value terms, Spain ($X) constituted the largest supplier of dental fittings to Portugal, comprising 44% of total imports. The second position in the ranking was held by South Korea ($X), with a 14% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+16.5% per year) and Germany (+4.1% per year).

Import Prices by Country

The average dental fitting import price stood at $X per ton in 2022, declining by -9.7% against the previous year. In general, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dental fitting import price increased by +14.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 77%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 the Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :