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Product Suppliers Enjoy Jump In Sales Volumes Says Survey

Product Suppliers Enjoy Jump In Sales Volumes Says Survey

1st May 18

Summary —

The latest survey of business confidence amongst suppliers of innovative dental products suggests they experienced a jump in sales volumes over the third quarter of FY2017-18, something attributed to the ADX18 Sydney dental exhibition.

Key Issues For The Dental Industry —

The Australian Dental Industry Association (ADIA) publishes the Australian Dental Products Sector Business Conditions Survey which provides a quarterly assessment of the business conditions amongst dental product manufacturers and suppliers. 

The dental products sales composite index combines sentiment of sales volumes and selling prices (separate figures are available in the full report) for the third quarter of FY2017-18.  With an index reading of 63.4 the dental product sales composite reading suggests moderate growth over the quarter, something that survey respondents attributed to sales volumes growth as a result of the ADX18 Sydney dental exhibition.

This edition of the survey reports on the actual business conditions within dental product manufacturers and suppliers for the third quarter of FY2017-18 and notes the following sentiment:

Index:
Reading:

Dental Product Sales Composite Index
63.4 (Previous Quarter 55.2)

 

Measure:

This index provides an assessment of sentiments as to whether sales volumes and selling prices rose, fell or stayed the same compared to the previous quarter.

 

Assessment:

The underpinning sentiment is that there was a moderate increase in sales volumes; however overall composite index was subdued sentiment on increases in selling prices.  An detailed analysis is available in the full report.

The Australian Dental Products Sector Business Conditions Survey also provides sentiment of cost pressures across dental product manufacturers and suppliers.  The dental products suppliers composite cost index was 69.6 which suggests that business costs are increasing.

Index:
Reading:

Dental Product Suppliers Cost Composite Index
63.9 (Previous Quarter 69.6)

 

Measure:

This index provides an assessment of sentiments as to whether product manufacturing / purchase and administrative costs rose, fell or stayed the same compared to the previous quarter.

 

Assessment:

There was sentiment of a moderate increase in the product manufacturing / purchase and administrative costs. An detailed analysis is available in the full report.

Survey respondents that provided commentary on actual selling prices over the third quarter suggested that prices were stable as competitive pricing across the sector was a restraining influence on any increases in selling prices.  Discounting on event specials associated with the ADX18 Sydney dental exhibition were also cited by several respondents as an issue.

This data is designed to provide guidance on the sentiment within the dental industry and provides a useful way for dental product manufacturers and suppliers to assess whether the business conditions that they are experiencing are broadly in-line with sector-wide sentiment.

Dental Products Sector Sentiment Survey Information —


Australian Dental Products Sector Business Conditions Survey - Download current edition *
Australian Dental Products Sector Business Conditions Survey - Survey methodology


The data collected to provide this report was collected via an online survey over two weeks from 16-22 April 2018 that was completed by approximately one in five member businesses.  The Australian Dental Products Sector Business Conditions Survey is just one of many ADIA’s publications that analyse the market for dental products.  For information on other market analysis visit the ADIA website.

Member engagement —

ADIA provides leadership, strategy, advocacy and support. Our members set our agenda, fund our activities and directly benefit from the results.  With respect to the market research published by ADIA, representatives of member businesses serving on the ADIA-MSPC Market Statistics Projects Committee provide advice and guidance to the national office team responsible for managing the research projects.

Currency & Disclaimer —

This update was issued on 1 May 2018 and please note that changes in circumstances after the publication of material or information may impact upon its accuracy and also change regulatory compliance obligations. The statements, regulatory and technical information contained herein are believed to be accurate and are provided for information purposes only. Readers are responsible for assessing its relevance and verifying the accuracy of the content. To the fullest extent permitted by law, ADIA will not be liable for any loss, damage, cost or expense incurred in relation to or arising as a result of relying on the information presented here. 


This publication is available for your use under a Creative Commons Attribution 3.0 Australia licence, with the exception of the ADIA logo, other images and where otherwise stated. 

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