Republic of Korea - Dental Fittings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingDental Fitting Price in South Korea - 2022
Contents:
- Dental Fitting Price in South Korea (FOB) - 2022
- Dental Fitting Price in South Korea (CIF) - 2022
- Dental Fitting Exports in South Korea
- Dental Fitting Imports in South Korea
Dental Fitting Price in South Korea (FOB) - 2022
The average dental fitting export price stood at $871 per unit in 2022, reducing by -3% against the previous year. Over the period under review, the export price saw a noticeable descent. The pace of growth appeared the most rapid in 2015 an increase of 23% against the previous year. The export price peaked at $1,143 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($1,284 per unit), while the average price for exports to Japan ($373 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 the United States (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Dental Fitting Price in South Korea (CIF) - 2022
In December 2022, the average dental fitting import price amounted to $4.4 per unit, with an increase of 36% against the previous month. Over the period under review, import price indicated a pronounced expansion from December 2021 to December 2022: its price increased at an average monthly rate of +3.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, dental fitting import price increased by +60.2% against September 2022 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Japan ($8.3 per unit), while the price for China ($1.1 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Dental Fitting Exports in South Korea
In 2022, approx. 535K units of dental fittings were exported from South Korea; with a decrease of -14.2% against the previous year's figure. The total export volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. As a result, the exports attained the peak of 624K units, and then dropped in the following year.
In value terms, dental fitting exports fell notably to $466M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +5.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +25.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 51%. As a result, the exports reached the peak of $560M, and then contracted rapidly in the following year.
Export of Dental Fitting in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 116 | 138 | 236 | 211 | 22.1% |
Russia | 53.7 | 51.9 | 74.6 | 57.8 | 2.5% |
United States | 33.1 | 27.6 | 37.9 | 24.5 | -9.5% |
Turkey | 13.1 | 15.0 | 29.7 | 23.6 | 21.7% |
Netherlands | 8.1 | 25.1 | 22.8 | 20.5 | 36.3% |
Iran | 24.7 | 11.4 | 12.5 | 12.5 | -20.3% |
India | 13.0 | 5.5 | 9.3 | 10.0 | -8.4% |
Japan | 5.8 | 6.2 | 9.2 | 7.7 | 9.9% |
Vietnam | 6.8 | 5.5 | 8.2 | 6.4 | -2.0% |
United Arab Emirates | 8.5 | 6.3 | 6.8 | 5.5 | -13.5% |
Others | 114 | 79.0 | 113 | 86.8 | -8.7% |
Total | 397 | 372 | 560 | 466 | 5.5% |
Top Export Markets for Dental Fitting from South Korea in 2022:
- China (213.6K units)
- Russia (69.7K units)
- Turkey (42.1K units)
- United States (21.6K units)
- Japan (20.7K units)
- Netherlands (15.9K units)
- Iran (12.5K units)
- India (8.8K units)
- United Arab Emirates (8.3K units)
- Vietnam (8.3K units)
Dental Fitting Imports in South Korea
In 2022, the amount of dental fittings imported into South Korea declined to 38K units, with a decrease of -14.7% compared with the previous year's figure. Overall, imports showed a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year. Over the period under review, imports reached the maximum at 49K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, dental fitting imports fell to $56M in 2022. In general, imports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 12%. Imports peaked at $62M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Dental Fitting in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 20.7 | 15.4 | 17.3 | 14.6 | -11.0% |
Japan | 13.6 | 12.3 | 13.1 | 14.4 | 1.9% |
Switzerland | 9.0 | 9.2 | 11.1 | 10.6 | 5.6% |
Mexico | 3.1 | 3.6 | 4.6 | 4.9 | 16.5% |
China | 2.8 | 2.3 | 3.1 | 1.6 | -17.0% |
Taiwan (Chinese) | 1.7 | 0.5 | 1.0 | 1.1 | -13.5% |
United Arab Emirates | 0.2 | 0.1 | N/A | 0.9 | 65.1% |
Italy | 0.1 | 0.3 | 0.1 | 0.7 | 91.3% |
France | 0.3 | 0.3 | 0.4 | 0.6 | 26.0% |
Germany | 2.9 | 4.4 | 2.8 | 0.6 | -40.9% |
Iran | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
Indonesia | N/A | N/A | 0.2 | 0.2 | 0.0% |
Others | 7.5 | 4.8 | 5.8 | 6.0 | -7.2% |
Total | 61.9 | 53.3 | 59.6 | 56.4 | -3.1% |
Top Suppliers of Dental Fitting to South Korea in 2022:
- United States (11.9K units)
- Japan (6.0K units)
- Switzerland (4.1K units)
- Mexico (3.4K units)
- China (1.9K units)
- Taiwan (Chinese) (1.3K units)
- Italy (1.2K units)
- Iran (1.0K units)
- Indonesia (1.0K units)
- United Arab Emirates (0.9K units)
- France (0.8K units)
- Germany (0.8K units)
This report provides an in-depth analysis of the dental fitting market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32502259 - Dental fittings (including dentures and part dentures, metal crowns, cast tin bars, stainless steel bars) (excluding individual artificial teeth)
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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