Cuba: Dental Instruments Market 2025

Dental Instruments Market Size in Cuba

In 2021, the Cuban dental instruments market increased by 12% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, showed a abrupt setback. Dental instruments consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Dental Instruments Exports

Exports from Cuba

In 2014, overseas shipments of instruments for dental sciences decreased by -16% to X units for the first time since 2011, thus ending a two-year rising trend. Overall, total exports indicated strong growth from 2012 to 2014: its volume increased at an average annual rate of +13.7% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2014 figures, exports increased by +29.2% against 2012 indices. The pace of growth was the most pronounced in 2013 with an increase of 54% against the previous year. As a result, the exports attained the peak of X units, and then fell notably in the following year.

In value terms, dental instruments exports dropped rapidly to $X in 2014. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of 80% against the previous year. As a result, the exports reached the peak of $X, and then fell markedly in the following year.

Exports by Country

Venezuela (X units) was the main destination for dental instruments exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2014, the average annual growth rate of volume to Venezuela totaled +13.7%.

In value terms, Venezuela ($X) also remains the key foreign market for instruments for dental sciences exports from Cuba.

From 2012 to 2014, the average annual rate of growth in terms of value to Venezuela totaled -5.1%.

Export Prices by Country

The average dental instruments export price stood at $X per unit in 2014, declining by -40.5% against the previous year. In general, the export price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the average export price increased by 17% against the previous year. As a result, the export price reached the peak level of $X per unit, and then shrank notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Venezuela.

From 2012 to 2014, the rate of growth in terms of prices for Venezuela amounted to -16.5% per year.

Dental Instruments Imports

Imports into Cuba

In 2021, after three years of decline, there was significant growth in overseas purchases of instruments for dental sciences, when their volume increased by 44% to X units. Overall, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2014 when imports increased by 140% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, dental instruments imports fell to $X in 2021. In general, imports, however, recorded a dramatic slump. The most prominent rate of growth was recorded in 2014 with an increase of 127% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Panama (X units) constituted the largest dental instruments supplier to Cuba, accounting for a 67% share of total imports. Moreover, dental instruments imports from Panama exceeded the figures recorded by the second-largest supplier, the UK (X units), fourfold. The third position in this ranking was taken by Spain (X units), with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Panama amounted to +51.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-4.0% per year) and Spain (-35.1% per year).

In value terms, Panama ($X) constituted the largest supplier of instruments for dental sciences to Cuba, comprising 80% of total imports. The second position in the ranking was held by the UK ($X), with a 4.9% share of total imports. It was followed by Spain, with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Panama amounted to +41.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-15.8% per year) and Spain (-43.1% per year).

Import Prices by Country

In 2021, the average dental instruments import price amounted to $X per unit, which is down by -34.9% against the previous year. Overall, the import price showed a abrupt decrease. The pace of growth appeared the most rapid in 2016 an increase of 34% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Pakistan ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+11.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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