Dental Fitting Market

The global dental fitting market is expected to see growth in both volume and value from 2022 to 2030. Consumption has shown fluctuations but overall increase over the past decade. Key importing and exporting countries include the UK, France, China, and the United States. Prices have shown variations among countries, with Switzerland having the highest export price and the Czech Republic having the lowest. Overall, the market is forecasted to see steady growth in the coming years.

Market Forecast

Driven by increasing demand for dental fittings worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +4.3% for the period from 2022 to 2030, which is projected to bring the market volume to 18B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.7% for the period from 2022 to 2030, which is projected to bring the market value to $36.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Dental Fittings

In 2022, approx. 13B units of dental fittings were consumed worldwide; with a decrease of -10.2% compared with the previous year's figure. In general, the total consumption indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +3.6% 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 +14.5% against 2020 indices. As a result, consumption reached the peak volume of 17B units. From 2020 to 2022, the growth of the global consumption remained at a lower figure.

The global dental fitting market revenue contracted slightly to $21.6B in 2022, waning by -2.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +3.9% against 2020 indices. Over the period under review, the global market reached the maximum level at $23.1B in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (2.4B units), France (1.3B units) and the United States (1.2B units), with a combined 38% share of global consumption. Turkey, Italy, Japan, the UK, Germany, Brazil, Indonesia, Pakistan, Mexico and Bangladesh lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +49.0%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($6B) led the market, alone. The second position in the ranking was held by Japan ($2.8B). It was followed by France.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +11.3%. In the other countries, the average annual rates were as follows: Japan (+2.7% per year) and France (+0.6% per year).

The countries with the highest levels of dental fitting per capita consumption in 2022 were France (19 units per person), Italy (13 units per person) and Turkey (13 units per person).

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +47.0%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Dental Fittings

In 2022, approx. 12B units of dental fittings were produced worldwide; with a decrease of -9.5% on 2021 figures. Over the period under review, the total production indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +14.9% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 45%. As a result, production attained the peak volume of 16B units. From 2020 to 2022, global production growth failed to regain momentum.

In value terms, dental fitting production amounted to $21.3B in 2022 estimated in export price. In general, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.2% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 38%. Over the period under review, global production reached the maximum level in 2022 and is expected to retain growth in years to come.

Production By Country

China (2.5B units) remains the largest dental fitting producing country worldwide, accounting for 21% of total volume. Moreover, dental fitting production in China exceeded the figures recorded by the second-largest producer, France (1.1B units), twofold. The United States (1.1B units) ranked third in terms of total production with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +4.9%. In the other countries, the average annual rates were as follows: France (+1.2% per year) and the United States (+8.7% per year).

Imports

World Imports of Dental Fittings

In 2022, global dental fitting imports totaled 2.8B units, surging by 4% against 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +6.2% 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 +25.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, dental fitting imports shrank slightly to $4B in 2022. Overall, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 +30.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 32% against the previous year. As a result, imports attained the peak of $4.1B, leveling off in the following year.

Imports By Country

In 2022, the UK (416M units), followed by France (258M units), Spain (199M units), China (155M units), Italy (153M units) and the Netherlands (132M units) were the main importers of dental fittings, together making up 47% of total imports. The following importers - Germany (125M units), the United States (122M units), Nigeria (104M units), Russia (88M units), Malaysia (83M units), Hong Kong SAR (73M units) and Canada (57M units) - together made up 23% of total imports.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +46.9%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, China ($657M), the United States ($424M) and Germany ($349M) appeared to be the countries with the highest levels of imports in 2022, together comprising 35% of global imports. France, the Netherlands, Russia, Canada, Spain, Italy, the UK, Hong Kong SAR, Nigeria and Malaysia lagged somewhat behind, together comprising a further 31%.

Among the main importing countries, Nigeria, with a CAGR of +44.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average dental fitting import price stood at $1.4 per unit in 2022, falling by -4.3% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 9.4%. As a result, import price attained the peak level of $1.5 per unit, and then contracted modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($4.2 per unit), while Malaysia ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+11.4%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Dental Fittings

Global dental fitting exports soared to 1.9B units in 2022, jumping by 21% against the previous year. In general, total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +3.3% 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 +83.5% against 2016 indices. The pace of growth was the most pronounced in 2019 with an increase of 29%. Over the period under review, the global exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, dental fitting exports reached $4B in 2022. Overall, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.4% 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 +39.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 33%. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports By Country

The biggest shipments were from South Korea (358M units), China (283M units) and Spain (202M units), together accounting for 45% of total export. Italy (134M units) took a 7.2% share (based on physical terms) of total exports, which put it in second place, followed by Hong Kong SAR (6.2%), Germany (5.9%), the Netherlands (5.5%), France (5.1%), the Czech Republic (5%) and Switzerland (4.7%).

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +66.0%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Switzerland ($899M), South Korea ($699M) and the Netherlands ($641M) appeared to be the countries with the highest levels of exports in 2022, with a combined 55% share of global exports. Germany, Spain, France, China, Italy, Hong Kong SAR and the Czech Republic lagged somewhat behind, together comprising a further 22%.

Among the main exporting countries, the Czech Republic, with a CAGR of +29.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average dental fitting export price stood at $2.2 per unit in 2022, with a decrease of -13.3% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dental fitting export price increased by +3.7% against 2020 indices. The growth pace was the most rapid in 2015 an increase of 67%. Over the period under review, the average export prices attained the peak figure at $2.8 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($10 per unit), while the Czech Republic ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform