ADIA is the peak business organisation representing manufacturers and suppliers of dental products. Our vision is for an industry that empowers oral health professionals to advance the health and wellbeing of all Australians...................... — ADIA Strategic Plan

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AUD$ Fall Places Cost Pressures On Suppliers Survey Says

AUD$ Fall Places Cost Pressures On Suppliers Survey Says

24th Oct 18

Summary —

The latest survey of business confidence amongst suppliers of innovative dental products provides strong sentiment that business costs rose in the first quarter of FY2018-19 with the fall of the Australian dollar playing a significant factor contributing to this outcome.

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 first quarter of FY2018-19.  With an index reading of 63.2 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 leads generated at the ADX18 Sydney dental exhibition.

This edition of the survey reports on the actual business conditions within dental product manufacturers and suppliers for the first quarter of FY2018-19 and notes the following sentiment:

Index:
Reading:

Dental Product Sales Composite Index
63.2 (Previous Quarter 59.4)

 

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 survey results show that sales volumes were stable but that selling prices rose over the quarter, the latter largely driving a the Dental Product Sales Composite Index to 63.2.

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 76.0 which suggests that there is strong sentiment that the cost of business increased.

Index:
Reading:

Dental Product Suppliers Cost Composite Index
76.0 (Previous Quarter 70.8)

 

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 strong sentiment of an increase in product manufacturing / purchase and administrative costs. A detailed analysis is available in the full report which references the fact that the AUD$ fall in value compared to the USD$ and EUR€ being a major factor.

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 9-23 October 2018 that was completed by approximately one in five member businesses.  The Australian Dental Products Sector Business Conditions Survey is just one of many of ADIA’s publications that analyse the market for dental products. For information on other market analysis visit the ADIA website.

A detailed assessment of the latest edition of the Australian Dental Products Sector Business Conditions Survey will be provided at the 2018 Australian Dental Industry Growth Conference to be held over 26-17 October 2018 on the Gold Coast.

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 24 October 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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