Argentina: Dental Drill Engine Market 2024

Dental Drill Engine Market Size in Argentina

In 2021, the Argentinian dental drill engine market increased by 113% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +122.0% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Dental Drill Engine Production in Argentina

In value terms, dental drill engine production totaled $X in 2021 estimated in export price. In general, production continues to indicate a deep downturn. The pace of growth was the most pronounced in 2013 with an increase of 58% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Dental Drill Engine Exports

Exports from Argentina

After two years of decline, shipments abroad of dental drill engines increased by 353% to X tons in 2021. Over the period under review, exports, however, continue to indicate a deep contraction. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, dental drill engine exports surged to $X in 2021. In general, exports, however, faced a abrupt descent. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X tons) was the main destination for dental drill engine exports from Argentina, accounting for a 47% share of total exports. Moreover, dental drill engine exports to Bolivia exceeded the volume sent to the second major destination, Paraguay (X tons), threefold. The third position in this ranking was taken by Ecuador (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Bolivia amounted to +29.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-5.1% per year) and Ecuador (-1.8% per year).

In value terms, the largest markets for dental drill engine exported from Argentina were Venezuela ($X), Bolivia ($X) and Ecuador ($X), with a combined 47% share of total exports. Paraguay, El Salvador, Chile, Russia, the United States, Colombia, Uruguay and the Dominican Republic lagged somewhat behind, together comprising a further 28%.

Among the main countries of destination, El Salvador, with a CAGR of +22.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dental drill engine export price stood at $X per ton in 2021, falling by -29.1% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 52%. As a result, the export price reached the peak level of $X per ton, and then contracted dramatically in the following year.

Prices varied noticeably country of destination: the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Bolivia ($X per ton) 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 (+34.7%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Drill Engine Imports

Imports into Argentina

In 2021, supplies from abroad of dental drill engines increased by 111% to X tons, rising for the second consecutive year after two years of decline. Overall, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, dental drill engine imports surged to $X in 2021. Over the period under review, imports saw a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of dental drill engine to Argentina, with a 72% share of total imports. Moreover, dental drill engine imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +9.7%.

In value terms, China ($X) constituted the largest supplier of dental drill engines to Argentina, comprising 60% of total imports. The second position in the ranking was taken by Brazil ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +11.5%.

Import Prices by Country

The average dental drill engine import price stood at $X per ton in 2021, reducing by -6.8% against the previous year. Overall, the import price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2016 an increase of 4.3% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.7%).

Source: IndexBox Platform

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