Eastern Asia: Dental Fitting Market 2024

Dental Fitting Market Size in Eastern Asia

After three years of decline, the East Asian dental fitting market increased by X% to $X in 2023. The total consumption indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Dental Fitting Production in Eastern Asia

In value terms, dental fitting production totaled $X in 2023 estimated in export price. In general, production, however, saw prominent growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Dental Fitting Exports

Exports in Eastern Asia

In 2023, after six years of growth, there was significant decline in overseas shipments of dental fittings, when their volume decreased by X% to X units. Over the period under review, exports, however, recorded prominent growth. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2022, and then reduced in the following year.

In value terms, dental fitting exports reduced to $X in 2023. In general, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then shrank in the following year.

Exports by Country

China (X units) and South Korea (X units) dominates exports structure, together committing X% of total exports. It was distantly followed by Hong Kong SAR (X units), mixing up a X% share of total exports. Taiwan (Chinese) (X units) and Japan (X units) held a little share of total exports.

From 2012 to 2023, the biggest increases were recorded for South Korea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the largest dental fitting supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2023, the average annual growth rate of value in South Korea totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per unit, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. The level of export peaked at $X per unit in 2018; afterwards, it flattened through to 2023.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Dental Fitting Imports

Imports in Eastern Asia

Dental fitting imports surged to X units in 2023, with an increase of X% against the previous year's figure. In general, imports posted strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in the near future.

In value terms, dental fitting imports soared to $X in 2023. Overall, imports saw a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked in 2023 and is likely to see steady growth in the near future.

Imports by Country

China was the major importer of dental fittings in Eastern Asia, with the volume of imports accounting for X units, which was near X% of total imports in 2023. Japan (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (X%) and South Korea (X%). Taiwan (Chinese) (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the dental fittings imports, with a CAGR of X% from 2012 to 2023. At the same time, Japan (X%) and South Korea (X%) displayed positive paces of growth. By contrast, Hong Kong SAR (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Japan (X p.p.), South Korea (X p.p.), Taiwan (Chinese) (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported dental fittings in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with an X% share of total imports. It was followed by South Korea, with a X% share.

In China, dental fitting imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2023, with an increase of X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform