Updated Sep 20, 2022 17:49

Dental Instruments Market in Morocco

Market Overview
In , the Moroccan dental instruments market was finally on the rise to reach $ for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated a pronounced expansion from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2018 indices. Dental instruments consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.


Consumption
In , the amount of instruments for dental sciences consumed in Morocco was estimated at units, increasing by % against the previous year. Overall, consumption continues to indicate a resilient expansion. Dental instruments consumption peaked at units in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.

The value of the dental instruments market in Morocco totaled $ in , surging by % 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). Over the period under review, the total consumption indicated a temperate increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Over the period under review, the market reached the peak level at $ in 2018; however, from 2019 to , consumption remained at a lower figure.


Market Forecast
Driven by increasing demand for dental instruments in Morocco, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .

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


Market Structure
Dental instruments market in Morocco consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Morocco remains a net importer of dental instruments; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.