Singapore: Dental Instruments Market 2024

Dental Instruments Market Size in Singapore

In 2021, after two years of decline, there was significant growth in the Singaporean dental instruments market, when its value increased by 211% to $X. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Dental Instruments Exports

Exports from Singapore

In 2021, overseas shipments of instruments for dental sciences decreased by -45.9% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2015 when exports increased by 194%. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, dental instruments exports contracted sharply to $X in 2021. Over the period under review, exports showed a noticeable contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 166%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia (X units), Australia (X units) and Thailand (X units) were the main destinations of dental instruments exports from Singapore, together comprising 50% of total exports. The United States, Hong Kong SAR, South Korea, Pakistan, Malaysia, Japan, Cambodia, Vietnam, Taiwan (Chinese) and the Netherlands lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +71.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dental instruments exported from Singapore were Indonesia ($X), Australia ($X) and Thailand ($X), with a combined 50% share of total exports. The United States, Hong Kong SAR, South Korea, Pakistan, Malaysia, Japan, Cambodia, Vietnam, Taiwan (Chinese) and the Netherlands lagged somewhat behind, together comprising a further 43%.

Among the main countries of destination, Pakistan, with a CAGR of +77.3%, saw the highest rates of growth with regard to 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

The average dental instruments export price stood at $X per unit in 2021, surging by 9.5% against the previous year. Over the last nine years, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 15%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably for the major external markets. In 2021, the highest price was recorded for prices to the Netherlands ($X per unit) and Taiwan (Chinese) ($X per unit), while the average price for exports to Indonesia ($X per unit) and Hong Kong SAR ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Instruments Imports

Imports into Singapore

In 2021, supplies from abroad of instruments for dental sciences was finally on the rise to reach X units after three years of decline. In general, imports, however, showed a noticeable setback. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, dental instruments imports skyrocketed to $X in 2021. Overall, imports, however, showed a slight decline. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest dental instruments supplier to Singapore, with a 28% share of total imports. Moreover, dental instruments imports from Germany exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The third position in this ranking was held by Israel (X units), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-0.6% per year) and Israel (+49.8% per year).

In value terms, Germany ($X) constituted the largest supplier of instruments for dental sciences to Singapore, comprising 28% of total imports. The second position in the ranking was held by Japan ($X), with a 13% share of total imports. It was followed by Israel, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+0.7% per year) and Israel (+51.8% per year).

Import Prices by Country

In 2021, the average dental instruments import price amounted to $X per unit, approximately equating the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2014 an increase of 20% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Switzerland ($X per unit) and China ($X per unit), while the price for Israel ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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