Venezuela: Dental Fitting Market 2024

Dental Fitting Market Size in Venezuela

The Venezuelan dental fitting market reduced rapidly to $X in 2022, declining by -35.4% 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, consumption showed a sharp reduction. Dental fitting consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Dental Fitting Exports

Exports from Venezuela

In 2022, shipments abroad of dental fittings increased by 38% to X kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2017 when exports increased by 375%. Over the period under review, the exports reached the maximum at X kg in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, dental fitting exports surged to $X in 2022. In general, exports, however, continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2017 when exports increased by 330% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X kg), Panama (X kg) and Chile (X kg) were the main destinations of dental fitting exports from Venezuela, with a combined 91% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +7.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X), the United States ($X) and Chile ($X) appeared to be the largest markets for dental fitting exported from Venezuela worldwide, together comprising 98% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of -2.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average dental fitting export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the average export price increased by 17%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Canada ($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 the United States (-11.2%), while the prices for the other major destinations experienced a decline.

Dental Fitting Imports

Imports into Venezuela

Dental fitting imports into Venezuela declined remarkably to X kg in 2022, which is down by -35.4% on the previous year. Over the period under review, imports continue to indicate a significant contraction. The growth pace was the most rapid in 2015 with an increase of 410%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, dental fitting imports shrank rapidly to $X in 2022. In general, imports faced a sharp setback. The pace of growth appeared the most rapid in 2021 with an increase of 187%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X kg) constituted the largest supplier of dental fitting to Venezuela, accounting for a 56% share of total imports. Moreover, dental fitting imports from Germany exceeded the figures recorded by the second-largest supplier, Colombia (X kg), fivefold. The third position in this ranking was held by China (X kg), with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled -26.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-11.0% per year) and China (-30.3% per year).

In value terms, the largest dental fitting suppliers to Venezuela were Germany ($X), Argentina ($X) and Switzerland ($X), together accounting for 55% of total imports. South Korea, France, Colombia, the United States, Israel, Brazil, Mexico, Spain, Italy and China lagged somewhat behind, together accounting for a further 37%.

South Korea, with a CAGR of +16.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average dental fitting import price stood at $X per ton in 2022, growing by 4.5% against the previous year. Over the period under review, the import price continues to indicate a modest increase. The pace of growth was the most pronounced in 2016 an increase of 64% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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