China: Dental Drill Engine Market 2024

Dental Drill Engine Market Size in China

In 2021, the Chinese dental drill engine market decreased by -3.9% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2020, and then fell in the following year.

Dental Drill Engine Production in China

In value terms, dental drill engine production reduced to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 22%. Dental drill engine production peaked at $X in 2020, and then dropped slightly in the following year.

Dental Drill Engine Exports

Exports from China

In 2021, approx. X tons of dental drill engines were exported from China; with an increase of 42% on 2020 figures. Overall, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 84% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, dental drill engine exports dropped to $X in 2021. Over the period under review, exports posted a resilient increase. The most prominent rate of growth was recorded in 2019 when exports increased by 357%. The exports peaked at $X in 2020, and then reduced in the following year.

Exports by Country

Hong Kong SAR (X tons), Russia (X tons) and Turkey (X tons) were the main destinations of dental drill engine exports from China, with a combined 54% share of total exports. India, Israel, the United States, Egypt, Brazil, Canada, the UK and Singapore lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +106.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) remains the key foreign market for dental drill engines exports from China, comprising 86% of total exports. The second position in the ranking was taken by Russia ($X), with a 1.4% share of total exports. It was followed by India, with a 1.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR amounted to +30.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+15.2% per year) and India (+14.0% per year).

Export Prices by Country

The average dental drill engine export price stood at $X per ton in 2021, falling by -35.1% against the previous year. In general, the export price, however, posted a prominent increase. The growth pace was the most rapid in 2019 when the average export price increased by 148%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then fell dramatically in the following year.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Israel ($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 Brazil (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Drill Engine Imports

Imports into China

In 2021, purchases abroad of dental drill engines was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 265%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, dental drill engine imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 294%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X tons), Germany (X tons) and South Korea (X tons) were the main suppliers of dental drill engine imports to China, together comprising 85% of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +102.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Germany ($X) and Switzerland ($X) constituted the largest dental drill engine suppliers to China, with a combined 90% share of total imports. South Korea, Austria and Vietnam lagged somewhat behind, together comprising a further 9.6%.

South Korea, with a CAGR of +101.2%, recorded the highest growth rate of 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

The average dental drill engine import price stood at $X per ton in 2021, growing by 34% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced descent. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+508.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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