Serbia: Dental Instruments Market 2024

Dental Instruments Market Size in Serbia

The Serbian dental instruments market surged to $X in 2022, jumping by X% against the previous year. Over the period under review, the total consumption indicated buoyant 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, consumption increased by X% against 2013 indices. Dental instruments consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Dental Instruments Production in Serbia

In value terms, dental instruments production declined to $X in 2022 estimated in export price. Overall, production, however, showed a strong increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Dental Instruments Exports

Exports from Serbia

In 2022, overseas shipments of instruments for dental sciences increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, dental instruments exports shrank dramatically to $X in 2022. In general, total exports indicated buoyant 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then dropped markedly in the following year.

Exports by Country

Slovenia (X units), Russia (X units) and Montenegro (X units) were the main destinations of dental instruments exports from Serbia, together comprising X% of total exports. Canada, Bosnia and Herzegovina, Germany and Italy lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for dental instruments exported from Serbia were Slovenia ($X), Canada ($X) and Russia ($X), together comprising X% of total exports. Italy, Montenegro, Bosnia and Herzegovina and Germany lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Montenegro, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average dental instruments export price amounted to $X per unit, waning by X% against the previous year. Overall, the export price, however, saw a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Germany ($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 Montenegro (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Instruments Imports

Imports into Serbia

In 2022, imports of instruments for dental sciences into Serbia surged to X units, growing by X% on 2021 figures. Overall, total imports indicated a temperate increase from 2012 to 2022: its volume 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. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, dental instruments imports surged to $X in 2022. Over the period under review, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Italy (X units) constituted the largest dental instruments supplier to Serbia, with a X% share of total imports. Moreover, dental instruments imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was held by China (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).

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

In terms of the main suppliers, the UK, with a CAGR of X%, 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

In 2022, the average dental instruments import price amounted to $X per unit, declining by X% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price 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, dental instruments import price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The import price peaked at $X per unit in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Italy ($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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