Updated Sep 27, 2022 11:09

Dental Hygiene Preparations Market in Sri Lanka

Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
The Sri Lankan dental hygiene preparations market dropped to $ in , with a decrease of -% 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, however, recorded buoyant growth. Over the period under review, the market attained the maximum level at $ in 2018; however, from 2019 to , consumption remained at a lower figure.

In value terms, dental hygiene preparations production reduced modestly to $ in estimated in export price. Over the period under review, production, however, showed buoyant growth. The pace of growth was the most pronounced in 2011 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.


Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
In , consumption of preparations for oral or dental hygiene in Sri Lanka expanded notably to tons, surging by % compared with the previous year's figure. Overall, consumption showed strong growth. Over the period under review, consumption hit record highs in and is likely to see steady growth in the immediate term.

The revenue of the dental hygiene preparations market in Sri Lanka reached $ in , with an increase of % 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). In general, consumption posted resilient growth. Dental hygiene preparations consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain momentum.


Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
Driven by increasing demand for dental hygiene preparations in Sri Lanka, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Please note: Annual data for 2022 are preliminary and subject to revision
Over the period under review, imports of dental hygiene preparations in Sri Lanka were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for dental hygiene preparations. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Please note: Annual data for 2022 are preliminary and subject to revision
Sri Lanka remains a net importer of dental hygiene preparations; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $.