Venezuela: Dental Instruments Market 2022

Dental Instruments Market Size in Venezuela

The Venezuelan dental instruments market was finally on the rise to reach $X in 2021, after seven years of decline. Overall, consumption, however, continues to indicate a sharp descent. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Dental Instruments Exports

Exports from Venezuela

In 2021, the amount of instruments for dental sciences exported from Venezuela surged to X units, growing by X% compared with the previous year's figure. Over the period under review, exports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, dental instruments exports soared to $X in 2021. Overall, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Chile (X units) was the main destination for dental instruments exports from Venezuela, accounting for a X% share of total exports. Moreover, dental instruments exports to Chile exceeded the volume sent to the second major destination, Grenada (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile stood at +X%.

In value terms, Chile ($X) emerged as the key foreign market for dental instruments exports from Venezuela, comprising X% of total exports. The second position in the ranking was occupied by Grenada ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile totaled +X%.

Export Prices by Country

The average dental instruments export price stood at $X per unit in 2021, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Chile ($X per unit), while the average price for exports to Grenada totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Grenada (+X%).

Dental Instruments Imports

Imports into Venezuela

In 2021, purchases abroad of instruments for dental sciences increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, imports, however, recorded a abrupt setback. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, dental instruments imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a sharp reduction. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth imports failed to regain momentum.

Imports by Country

In 2021, the United States (X units) constituted the largest dental instruments supplier to Venezuela, accounting for a X% share of total imports. Moreover, dental instruments imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The third position in this ranking was occupied by Germany (X units), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Germany (-X% per year).

In value terms, the United States ($X) constituted the largest supplier of dental instruments to Venezuela, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and Germany (-X% per year).

Import Prices by Country

The average dental instruments import price stood at $X per unit in 2021, shrinking by -X% against the previous year. In general, the import price recorded a deep downturn. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform