Australia: Dental Drill Engine Market 2024

Dental Drill Engine Market Size in Australia

In 2021, the Australian dental drill engine market increased by 12% to $X, rising for the seventh year in a row after two years of decline. In general, consumption recorded buoyant growth. Dental drill engine consumption peaked in 2021 and is expected to retain growth in the near future.

Dental Drill Engine Exports

Exports from Australia

In 2021, overseas shipments of dental drill engines increased by 171% to X kg for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports showed a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 390% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, dental drill engine exports skyrocketed to $X in 2021. In general, exports showed resilient growth. The pace of growth was the most pronounced in 2019 when exports increased by 307%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

New Zealand (X kg) was the main destination for dental drill engine exports from Australia, accounting for a 53% share of total exports. Moreover, dental drill engine exports to New Zealand exceeded the volume sent to the second major destination, Germany (X kg), threefold. Singapore (X kg) ranked third in terms of total exports with a 9% share.

From 2012 to 2021, the average annual growth rate of volume to New Zealand stood at +30.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+12.4% per year) and Singapore (-5.5% per year).

In value terms, New Zealand ($X), the UK ($X) and the United States ($X) were the largest markets for dental drill engine exported from Australia worldwide, together comprising 60% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +40.4%, saw the highest rates of growth with regard to 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, rising by 43% against the previous year. In general, the export price posted a remarkable increase. The pace of growth was the most pronounced in 2019 an increase of 387% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Germany ($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 Taiwan (Chinese) (+103.9%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Drill Engine Imports

Imports into Australia

In 2021, purchases abroad of dental drill engines increased by 15% to X tons, rising for the seventh consecutive year after two years of decline. Overall, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 64% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, dental drill engine imports rose rapidly to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 22%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The UK (X tons), Slovakia (X tons) and Finland (X tons) were the main suppliers of dental drill engine imports to Australia, together comprising 55% of total imports. These countries were followed by Austria, the United States, Japan, Germany, Sweden, South Korea, Ukraine, France, Switzerland and Taiwan (Chinese), which together accounted for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +338.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United States ($X) and Slovakia ($X) were the largest dental drill engine suppliers to Australia, together comprising 59% of total imports. These countries were followed by Switzerland, France, the UK, Finland, Austria, South Korea, Germany, Sweden, Ukraine and Taiwan (Chinese), which together accounted for a further 34%.

Sweden, with a CAGR of +597.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average dental drill engine import price amounted to $X per ton, waning by -5.2% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2013 an increase of 6.5%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+59.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :