Thailand: Dental Fitting Market 2024

Dental Fitting Market Size in Thailand

The Thai dental fitting market contracted to $X in 2022, declining by -12.2% against the previous year. In general, consumption, however, enjoyed prominent growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Dental Fitting Production in Thailand

In value terms, dental fitting production fell notably to $X in 2022 estimated in export price. Overall, production, however, recorded a prominent expansion. The growth pace was the most rapid in 2019 with an increase of 111%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Dental Fitting Exports

Exports from Thailand

In 2022, shipments abroad of dental fittings decreased by -45.5% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, exports recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 23% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, dental fitting exports fell sharply to $X in 2022. Overall, exports recorded a pronounced curtailment. The growth pace was the most rapid in 2017 when exports increased by 71% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for dental fitting exports from Thailand, with a 70% share of total exports. Moreover, dental fitting exports to the Netherlands exceeded the volume sent to the second major destination, Switzerland (X kg), fivefold. The United States (X kg) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at +23.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+12.4% per year) and the United States (+2.1% per year).

In value terms, the largest markets for dental fitting exported from Thailand were the United States ($X), the Netherlands ($X) and Switzerland ($X), with a combined 96% share of total exports.

The United States, with a CAGR of +27.7%, saw 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

The average dental fitting export price stood at $X per ton in 2022, increasing by 24% against the previous year. Overall, the export price showed a significant increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 109%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($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 India (+44.8%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Fitting Imports

Imports into Thailand

In 2022, overseas purchases of dental fittings were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 67% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, dental fitting imports soared to $X in 2022. Over the period under review, imports recorded a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 62%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

South Korea (X tons), the United States (X tons) and Italy (X tons) were the main suppliers of dental fitting imports to Thailand, together comprising 72% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +11.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dental fitting suppliers to Thailand were Switzerland ($X), South Korea ($X) and the United States ($X), together comprising 76% of total imports. China, Germany, Italy and Taiwan (Chinese) lagged somewhat behind, together comprising a further 11%.

China, with a CAGR of +23.4%, 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

The average dental fitting import price stood at $X per ton in 2022, picking up by 27% against the previous year. Overall, the import price posted buoyant growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 74% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Switzerland ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+40.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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