CIS: Dental Drill Engine Market 2024

Dental Drill Engine Market Size in CIS

The CIS dental drill engine market soared to $X in 2021, surging by 43% against the previous year. In general, consumption continues to indicate a prominent expansion. The level of consumption peaked in 2021 and is likely to see gradual growth in years to come.

Dental Drill Engine Production in CIS

In value terms, dental drill engine production shrank to $X in 2021 estimated in export price. The total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -16.1% against 2017 indices. The growth pace was the most rapid in 2014 when the production volume increased by 65%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Dental Drill Engine Exports

Exports in CIS

In 2021, dental drill engine exports in the CIS expanded remarkably to X tons, growing by 11% on the year before. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 75%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, dental drill engine exports reduced slightly to $X in 2021. In general, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2020 when exports increased by 45%. As a result, the exports reached the peak of $X, and then shrank modestly in the following year.

Exports by Country

Russia was the key exporting country with an export of about X tons, which accounted for 73% of total exports. It was distantly followed by Kyrgyzstan (X tons), creating a 26% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to dental drill engine exports from Russia stood at +8.0%. At the same time, Kyrgyzstan (+53.4%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +53.4% from 2012-2021. Kyrgyzstan (+25 p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by -16.2% from 2012 to 2021, respectively.

In value terms, Kyrgyzstan ($X) and Russia ($X) were the countries with the highest levels of exports in 2021.

Among the main exporting countries, Kyrgyzstan, with a CAGR of +63.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, shrinking by -11.4% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the export price increased by 80%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Kyrgyzstan ($X per ton), while Russia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+6.2%).

Dental Drill Engine Imports

Imports in CIS

In 2021, supplies from abroad of dental drill engines increased by 66% to X tons, rising for the fifth consecutive year after three years of decline. Over the period under review, imports posted a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 69% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, dental drill engine imports skyrocketed to $X in 2021. Overall, imports saw measured growth. The growth pace was the most rapid in 2017 with an increase of 50% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Russia dominates imports structure, accounting for X tons, which was approx. 85% of total imports in 2021. Azerbaijan (X tons), Armenia (X tons), Kyrgyzstan (X tons), Belarus (X tons) and Kazakhstan (X tons) took a little share of total imports.

Imports into Russia increased at an average annual rate of +15.1% from 2012 to 2021. At the same time, Azerbaijan (+15.8%), Kyrgyzstan (+8.0%), Armenia (+5.8%) and Belarus (+2.5%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +15.8% from 2012-2021. By contrast, Kazakhstan (-10.6%) illustrated a downward trend over the same period. While the share of Russia (+18 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Belarus (-2.3 p.p.), Armenia (-2.4 p.p.) and Kazakhstan (-11.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported dental drill engines in the CIS, comprising 84% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 4% share of total imports. It was followed by Belarus, with a 2.6% share.

In Russia, dental drill engine imports increased at an average annual rate of +3.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (-4.2% per year) and Belarus (+0.4% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, with a decrease of -19.7% against the previous year. Over the period under review, the import price showed a deep setback. The most prominent rate of growth was recorded in 2017 an increase of 11%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Kazakhstan ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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