Australia: Dental Instruments Market 2024

Dental Instruments Market Size in Australia

After ten years of growth, the Australian dental instruments market decreased by X% to $X in 2022. In general, consumption, however, showed strong growth. Dental instruments consumption peaked at $X in 2021, and then reduced slightly in the following year.

Dental Instruments Production in Australia

In value terms, dental instruments production expanded to $X in 2022 estimated in export price. Overall, production posted a significant expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Dental instruments production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Dental Instruments Exports

Exports from Australia

In 2022, the amount of instruments for dental sciences exported from Australia soared to X units, picking up by X% compared with 2021. In general, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, dental instruments exports surged to $X in 2022. Overall, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

New Zealand (X units) was the main destination for dental instruments exports from Australia, accounting for a X% share of total exports. Moreover, dental instruments exports to New Zealand exceeded the volume sent to the second major destination, Germany (X units), sevenfold. The Netherlands (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the Netherlands (X% per year).

In value terms, New Zealand ($X) remains the key foreign market for instruments for dental sciences exports from Australia, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with an X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average dental instruments export price amounted to $X per unit, dropping by X% against the previous year. Overall, the export price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then shrank in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($X per unit) and the United States ($X per unit), while the average price for exports to South Korea ($X per unit) and Ireland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Instruments Imports

Imports into Australia

In 2022, approx. X units of instruments for dental sciences were imported into Australia; declining by X% against the year before. Overall, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, dental instruments imports expanded slightly to $X in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Germany (X units), the United States (X units) and China (X units) were the main suppliers of dental instruments imports to Australia, with a combined X% share of total imports. Switzerland, Japan, Israel, Denmark, Finland, South Korea, Austria, Italy and the UK lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest dental instruments suppliers to Australia were Germany ($X), the United States ($X) and Switzerland ($X), with a combined X% share of total imports. Japan, China, Denmark, South Korea, Israel, Finland, Italy, Austria and the UK lagged somewhat behind, together comprising a further X%.

Denmark, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average dental instruments import price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price enjoyed a prominent increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual 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 South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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