Spain: Dental Fitting Market 2024

Dental Fitting Market Size in Spain

The Spanish dental fitting market fell to $X in 2022, declining by -14.6% against the previous year. In general, consumption recorded a abrupt decline. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Dental Fitting Production in Spain

In value terms, dental fitting production shrank notably to $X in 2022 estimated in export price. In general, production enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 113%. As a result, production attained the peak level of $X, and then contracted sharply in the following year.

Dental Fitting Exports

Exports from Spain

In 2022, overseas shipments of dental fittings increased by 21% to X tons, rising for the third consecutive year after two years of decline. In general, exports posted a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of 81%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, dental fitting exports soared to $X in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 100% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States (X tons) was the main destination for dental fitting exports from Spain, accounting for a 40% share of total exports. Moreover, dental fitting exports to the United States exceeded the volume sent to the second major destination, Portugal (X tons), twofold. The third position in this ranking was taken by France (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +47.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+7.2% per year) and France (+39.3% per year).

In value terms, the United States ($X) remains the key foreign market for dental fittings exports from Spain, comprising 47% of total exports. The second position in the ranking was taken by Portugal ($X), with a 12% share of total exports. It was followed by France, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +59.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+10.9% per year) and France (+49.6% per year).

Export Prices by Country

In 2022, the average dental fitting export price amounted to $X per ton, growing by 16% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of 58% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average 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 Italy ($X per ton), while the average price for exports to Canada ($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 the United States (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Fitting Imports

Imports into Spain

In 2022, approx. X tons of dental fittings were imported into Spain; shrinking by -3.9% compared with the year before. Overall, total imports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.5% 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 +19.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 39%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, dental fitting imports shrank to $X in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 31%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of dental fitting to Spain, with a 44% share of total imports. Moreover, dental fitting imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by France (X tons), with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+23.6% per year) and France (-9.4% per year).

In value terms, Germany ($X), the United States ($X) and Andorra ($X) constituted the largest dental fitting suppliers to Spain, together comprising 35% of total imports. Italy, China, France, Democratic People's Republic of Korea and Belgium lagged somewhat behind, together comprising a further 14%.

In terms of the main suppliers, Democratic People's Republic of Korea, with a CAGR of +792.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average dental fitting import price stood at $X per ton in 2022, shrinking by -7.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2020 an increase of 27%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Andorra ($X per ton), while the price for Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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