Nigeria: Dental Fitting Market 2024

Dental Fitting Market Size in Nigeria

The Nigerien dental fitting market contracted to $X in 2022, declining by -13.3% against the previous year. Over the period under review, consumption, however, enjoyed a measured expansion. Dental fitting consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Dental Fitting Production in Nigeria

In value terms, dental fitting production declined to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 115%. Dental fitting production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Dental Fitting Exports

Exports from Nigeria

In 2022, approx. X kg of dental fittings were exported from Nigeria; increasing by 4.8% on the year before. Overall, exports, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2016 with an increase of 279%. Over the period under review, the exports attained the peak figure at X kg in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, dental fitting exports expanded slightly to $X in 2022. Over the period under review, exports, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of 320% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X kg) was the main destination for dental fitting exports from Nigeria, accounting for a 87% share of total exports. Moreover, dental fitting exports to Cote d'Ivoire exceeded the volume sent to the second major destination, South Africa (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cote d'Ivoire amounted to +54.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (-4.4% per year) and Denmark (0.0% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for dental fittings exports from Nigeria, comprising 97% of total exports. The second position in the ranking was held by Denmark ($X), with a 0.3% share of total exports. It was followed by South Africa, with a 0.2% share.

From 2012 to 2022, the average annual growth rate of value to Cote d'Ivoire stood at +49.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (0.0% per year) and South Africa (-30.5% per year).

Export Prices by Country

In 2022, the average dental fitting export price amounted to $X per ton, leveling off at the previous year. In general, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 119%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+93.8%), while the prices for the other major destinations experienced a decline.

Dental Fitting Imports

Imports into Nigeria

After two years of growth, purchases abroad of dental fittings decreased by -15.2% to X tons in 2022. In general, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 6,394% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced rapidly in the following year.

In value terms, dental fitting imports fell rapidly to $X in 2022. Overall, imports, however, posted significant growth. The pace of growth was the most pronounced in 2017 with an increase of 11,310% against the previous year. Imports peaked at $X in 2021, and then dropped sharply in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest dental fitting supplier to Nigeria, accounting for a 38% share of total imports. Moreover, dental fitting imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. The third position in this ranking was taken by the UK (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +48.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+87.8% per year) and the UK (+60.3% per year).

In value terms, Ireland ($X) constituted the largest supplier of dental fittings to Nigeria, comprising 71% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 18% share of total imports. It was followed by the UK, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ireland totaled +87.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+99.0% per year) and the UK (+69.3% per year).

Import Prices by Country

In 2022, the average dental fitting import price amounted to $X per ton, with a decrease of -21.9% against the previous year. Over the period under review, the import price, however, posted a measured expansion. The growth pace was the most rapid in 2016 an increase of 123% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+27.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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