Report Update Nov 1, 2024

Venezuela - Instruments for Dental Sciences - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Dental Instruments Market 2024

Dental Instruments Market Size in Venezuela

The Venezuelan dental instruments market was finally on the rise to reach $X in 2021, after four years of decline. Over the period under review, consumption, however, saw a abrupt slump. Dental instruments consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Dental Instruments Exports

Exports from Venezuela

Dental instruments exports from Venezuela shrank notably to X units in 2021, reducing by -67.6% compared with the year before. Overall, exports saw a dramatic decline. The pace of growth was the most pronounced in 2019 when exports increased by 825% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, dental instruments exports declined rapidly to $X in 2021. Over the period under review, exports showed a sharp reduction. The pace of growth appeared the most rapid in 2017 when exports increased by 1,020%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Honduras (X units), Malta (X units) and Trinidad and Tobago (X units) were the main destinations of dental instruments exports from Venezuela, with a combined 84% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Honduras (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Chile ($X) emerged as the key foreign market for instruments for dental sciences exports from Venezuela, comprising 77% of total exports. The second position in the ranking was held by Malta ($X), with a 12% share of total exports. It was followed by Honduras, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value to Chile amounted to +13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (0.0% per year) and Honduras (0.0% per year).

Export Prices by Country

In 2021, the average dental instruments export price amounted to $X per unit, waning by -67.3% against the previous year. In general, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 404% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Chile ($X per unit), while the average price for exports to Honduras ($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 Dominican Republic (+70.8%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Instruments Imports

Imports into Venezuela

After two years of decline, overseas purchases of instruments for dental sciences increased by 597% to X units in 2021. Overall, imports, however, recorded a abrupt contraction. Imports peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, dental instruments imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a deep slump. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest dental instruments supplier to Venezuela, with a 75% share of total imports. Moreover, dental instruments imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +42.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-13.3% per year) and Brazil (-29.6% per year).

In value terms, China ($X) constituted the largest supplier of instruments for dental sciences to Venezuela, comprising 81% of total imports. The second position in the ranking was taken by the United States ($X), with a 7.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-27.3% per year) and Brazil (-34.7% per year).

Import Prices by Country

In 2021, the average dental instruments import price amounted to $X per unit, jumping by 52% against the previous year. Overall, the import price, however, recorded a pronounced slump. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for instruments for dental sciences in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 46% share of global consumption. These countries were followed by Russia, Japan, Pakistan, Brazil, Indonesia, Mexico, Spain, Canada, the UK and South Korea, which together accounted for a further 30%.

What are the largest producers of instruments for dental sciences in the world?

China constituted the country with the largest volume of dental instruments production, accounting for 33% of total volume. Moreover, dental instruments production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with a 7.8% share.

What are the leading suppliers of instruments for dental sciences to Venezuela?

In value terms, the United States constituted the largest supplier of dental instruments to Venezuela, comprising 54% of total imports. The second position in the ranking was occupied by Italy, with a 27% share of total imports. It was followed by Germany, with a 4.6% share.

What are the leading importers of instruments for dental sciences from Venezuela?

In value terms, Chile emerged as the key foreign market for dental instruments exports from Venezuela, comprising 97% of total exports. The second position in the ranking was occupied by Grenada $515), with a 3.4% share of total exports.

What is the average export price for instruments for dental sciences in Venezuela?

The average dental instruments export price stood at $4.4 per unit in 2021, surging by 18% against the previous year.

What is the average import price for instruments for dental sciences in Venezuela?

The average dental instruments import price stood at $0.6 per unit in 2021, dropping by -11.6% against the previous year.

This report provides an in-depth analysis of the dental instruments market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32501150 - Instruments and appliances used in dental sciences (excluding drill engines)

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023