Philippines: Dental Instruments Market 2024

Dental Instruments Market Size in the Philippines

In 2022, the Philippine dental instruments market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a noticeable downturn. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Dental Instruments Exports

Exports from the Philippines

In 2022, after three years of growth, there was significant decline in overseas shipments of instruments for dental sciences, when their volume decreased by X% to X units. Overall, exports, however, recorded strong growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X units in 2021, and then reduced sharply in the following year.

In value terms, dental instruments exports shrank remarkably to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell remarkably in the following year.

Exports by Country

The United States (X units) was the main destination for dental instruments exports from the Philippines, with a X% share of total exports. It was followed by Japan (X units), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Hong Kong SAR (X% per year).

In value terms, the United States ($X) remains the key foreign market for instruments for dental sciences exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the average dental instruments export price amounted to $X per unit, falling by X% against the previous year. In general, the export price, however, recorded a strong increase. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then shrank in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Hong Kong SAR ($X per unit) was amongst the lowest.

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

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Dental Instruments Imports

Imports into the Philippines

In 2022, purchases abroad of instruments for dental sciences increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, dental instruments imports surged to $X in 2022. Overall, imports recorded a perceptible expansion. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Japan (X units) and Germany (X units) were the main suppliers of dental instruments imports to the Philippines, together comprising X% of total imports. Pakistan, South Korea, Hong Kong SAR, Italy and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dental instruments suppliers to the Philippines were Japan ($X), Germany ($X) and China ($X), with a combined X% share of total imports. Pakistan, South Korea, Hong Kong SAR, Italy and the Netherlands lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average dental instruments import price amounted to $X per thousand units, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per thousand units. From 2014 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :