Scandinavia: Dental Instruments Market 2024

Dental Instruments Market Size in Scandinavia

The Scandinavia dental instruments market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Dental Instruments Production in Scandinavia

In value terms, dental instruments production rose notably to $X in 2021 estimated in export price. In general, production, however, showed a noticeable expansion. The growth pace was the most rapid in 2013 when the production volume increased by 143% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Dental Instruments Exports

Exports in Scandinavia

In 2021, shipments abroad of instruments for dental sciences decreased by -5.7% to X units, falling for the third consecutive year after two years of growth. Over the period under review, exports showed a perceptible decrease. The growth pace was the most rapid in 2018 with an increase of 8.9%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, dental instruments exports surged to $X in 2021. Total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +113.4% against 2016 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 37%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

In 2021, Sweden (X units) and Denmark (X units) were the major exporters of instruments for dental sciences in Scandinavia, together finishing at near 84% of total exports. It was distantly followed by Finland (X units), constituting a 16% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +4.4%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Denmark ($X) remains the largest dental instruments supplier in Scandinavia, comprising 57% of total exports. The second position in the ranking was held by Finland ($X), with a 21% share of total exports.

In Denmark, dental instruments exports expanded at an average annual rate of +17.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Finland (+1.3% per year) and Sweden (-5.1% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, picking up by 23% against the previous year. Overall, the export price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2018 an increase of 25%. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Denmark ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+12.5%), while the other leaders experienced more modest paces of growth.

Dental Instruments Imports

Imports in Scandinavia

In 2021, the amount of instruments for dental sciences imported in Scandinavia surged to X units, jumping by 19% compared with 2020. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, dental instruments imports soared to $X in 2021. The total import value increased at an average annual rate of +4.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Finland (X units) and Denmark (X units) were the key importers of instruments for dental sciences in Scandinavia, together constituting 77% of total imports. It was distantly followed by Sweden (X units), committing a 19% share of total imports. Norway (X units) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Denmark (with a CAGR of +4.2%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Denmark ($X), Sweden ($X) and Finland ($X) constituted the countries with the highest levels of imports in 2021, together comprising 86% of total imports.

Denmark, with a CAGR of +9.2%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, growing by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2018 when the import price increased by 22% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform