Bangladesh: Dental Instruments Market 2024

Dental Instruments Market Size in Bangladesh

The Bangladeshi dental instruments market soared to $X in 2021, increasing by 44% 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, consumption saw a strong increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Dental Instruments Exports

Exports from Bangladesh

In 2021, shipments abroad of instruments for dental sciences increased by 21% to X units, rising for the third year in a row after three years of decline. Over the period under review, exports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2015 when exports increased by 82% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, dental instruments exports soared to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 123% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) was the main destination for dental instruments exports from Bangladesh, accounting for a 96% share of total exports. It was followed by Maldives (X units), with a 2.2% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (0.0% per year) and the United States (-46.3% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for instruments for dental sciences exports from Bangladesh, comprising 92% of total exports. The second position in the ranking was held by the United States ($X), with an 8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates stood at +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-16.2% per year) and Maldives (0.0% per year).

Export Prices by Country

In 2021, the average dental instruments export price amounted to $X per unit, increasing by 28% against the previous year. Overall, the export price enjoyed significant growth. The most prominent rate of growth was recorded in 2017 an increase of 86% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Maldives ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+56.2%).

Dental Instruments Imports

Imports into Bangladesh

In 2021, the amount of instruments for dental sciences imported into Bangladesh surged to X units, with an increase of 32% against the year before. In general, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2014 when imports increased by 124%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, dental instruments imports skyrocketed to $X in 2021. Overall, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 96%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and the United States (X units) were the main suppliers of dental instruments imports to Bangladesh, with a combined 71% share of total imports. India, Pakistan, Vietnam, South Korea, Switzerland, Italy and the Netherlands lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +88.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of instruments for dental sciences to Bangladesh, comprising 70% of total imports. The second position in the ranking was held by India ($X), with a 6.4% share of total imports. It was followed by the United States, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +21.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+17.2% per year) and the United States (+17.2% per year).

Import Prices by Country

The average dental instruments import price stood at $X per unit in 2021, jumping by 23% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The import price peaked at $X per unit in 2018; afterwards, it flattened through to 2021.

Prices varied noticeably country of origin: the country with the highest price was China ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+16.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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