Singapore: Dental Fitting Market 2024

Dental Fitting Market Size in Singapore

In 2022, the Singaporean dental fitting market decreased by -3.7% to $X, falling for the third year in a row after four years of growth. Overall, consumption, however, showed a pronounced decrease. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Dental Fitting Exports

Exports from Singapore

Dental fitting exports from Singapore rose slightly to X tons in 2022, picking up by 1.5% on the year before. In general, exports posted a measured increase. The most prominent rate of growth was recorded in 2021 when exports increased by 162% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, dental fitting exports soared to $X in 2022. Overall, total exports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +138.5% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of 77% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Cambodia (X tons), Indonesia (X tons) and Vietnam (X kg) were the main destinations of dental fitting exports from Singapore, together comprising 89% 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 Cambodia (with a CAGR of +111.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dental fitting exported from Singapore were Indonesia ($X), Cambodia ($X) and Vietnam ($X), together comprising 85% of total exports.

Cambodia, with a CAGR of +103.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 kg, surging by 51% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per kg in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per kg), while the average price for exports to Cambodia ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Fitting Imports

Imports into Singapore

After two years of decline, purchases abroad of dental fittings increased by 6.9% to X tons in 2022. Overall, imports, however, saw a mild contraction. The pace of growth appeared the most rapid in 2016 with an increase of 41% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, dental fitting imports declined to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 40%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Switzerland (X tons), the United States (X tons) and South Korea (X tons) were the main suppliers of dental fitting imports to Singapore, together accounting for 60% of total imports. China, Israel, Japan, Germany, Sweden, Mexico and the Netherlands lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Israel (with a CAGR of +41.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dental fitting suppliers to Singapore were Switzerland ($X), the United States ($X) and South Korea ($X), with a combined 58% share of total imports. China, Japan, Germany, Israel, Sweden, Mexico and the Netherlands lagged somewhat behind, together accounting for a further 30%.

Israel, with a CAGR of +35.8%, saw the highest rates of growth with regard to 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

In 2022, the average dental fitting import price amounted to $X per kg, declining by -14.2% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 15% against the previous year. As a result, import price attained the peak level of $X per kg. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per kg), while the price for the Netherlands ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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