Slovakia: Dental Instruments Market 2024

Dental Instruments Market Size in Slovakia

In 2021, the Slovak dental instruments market increased by 18% to $X, rising for the fourth year in a row after two years of decline. In general, consumption recorded a remarkable increase. Dental instruments consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Dental Instruments Production in Slovakia

In value terms, dental instruments production surged to $X in 2021 estimated in export price. Over the period under review, production posted a significant expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Dental Instruments Exports

Exports from Slovakia

In 2021, overseas shipments of instruments for dental sciences were finally on the rise to reach X units after three years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 139%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, dental instruments exports soared to $X in 2021. Overall, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 56%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for dental instruments exports from Slovakia, accounting for a 30% share of total exports. Moreover, dental instruments exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X units), twofold. Poland (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +35.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+16.7% per year) and Poland (-5.6% per year).

In value terms, the largest markets for dental instruments exported from Slovakia were Germany ($X), Russia ($X) and Poland ($X), together accounting for 58% of total exports. These countries were followed by the Czech Republic, Austria, France, Kuwait, Serbia and Ukraine, which together accounted for a further 18%.

Among the main countries of destination, Austria, with a CAGR of +35.8%, recorded 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, reducing by -12.3% against the previous year. In general, the export price saw a abrupt downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by 30% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Serbia ($X per unit), while the average price for exports to Kuwait ($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 Serbia (+35.0%), while the prices for the other major destinations experienced mixed trend patterns.

Dental Instruments Imports

Imports into Slovakia

In 2021, purchases abroad of instruments for dental sciences increased by 8.3% to X units, rising for the second consecutive year after two years of decline. In general, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +19.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 69%. Imports peaked at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, dental instruments imports surged to $X in 2021. Overall, imports posted a resilient increase. The growth pace was the most rapid in 2013 when imports increased by 99% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), the Czech Republic (X units) and Italy (X units) were the main suppliers of dental instruments imports to Slovakia, together accounting for 73% of total imports. China, the Netherlands, the United States, Poland and Switzerland lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +76.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of instruments for dental sciences to Slovakia, comprising 41% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 14% share of total imports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+17.2% per year) and the Netherlands (+78.3% per year).

Import Prices by Country

In 2021, the average dental instruments import price amounted to $X per unit, rising by 18% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dental instruments import price increased by +32.7% against 2019 indices. The growth pace was the most rapid in 2016 when the average import price increased by 22% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :