Dominican Republic: Dental Drill Engine Market 2024

Dental Drill Engine Market Size in the Dominican Republic

The Dominican dental drill engine market soared to $X in 2021, jumping by 132% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a pronounced decline. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Dental Drill Engine Exports

Exports from the Dominican Republic

Dental drill engine exports from the Dominican Republic reduced sharply to X kg in 2021, shrinking by -74.1% compared with the previous year's figure. In general, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 527%. Over the period under review, the exports reached the peak figure at X kg in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, dental drill engine exports fell to $X in 2021. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2017 with an increase of 648% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X kg) was the main destination for dental drill engine exports from the Dominican Republic, with a 73% share of total exports. Moreover, dental drill engine exports to Italy exceeded the volume sent to the second major destination, New Zealand (X kg), fourfold. The third position in this ranking was taken by Austria (X kg), with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+13.0% per year) and Austria (0.0% per year).

In value terms, Italy ($X) emerged as the key foreign market for dental drill engines exports from the Dominican Republic, comprising 92% of total exports. The second position in the ranking was held by New Zealand ($X), with a 3% share of total exports. It was followed by Haiti, with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+24.6% per year) and Haiti (+68.6% per year).

Export Prices by Country

In 2021, the average dental drill engine export price amounted to $X per ton, with an increase of 223% against the previous year. Over the period under review, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2015 an increase of 262%. The export price peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to New Zealand ($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 Haiti (+66.7%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Drill Engine Imports

Imports into the Dominican Republic

In 2021, dental drill engine imports into the Dominican Republic surged to X tons, jumping by 220% on 2020 figures. Over the period under review, imports, however, recorded a deep slump. The pace of growth was the most pronounced in 2019 with an increase of 507%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, dental drill engine imports skyrocketed to $X in 2021. Overall, imports, however, showed a mild decrease. The most prominent rate of growth was recorded in 2019 with an increase of 425% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest dental drill engine supplier to the Dominican Republic, with a 72% share of total imports. Moreover, dental drill engine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The third position in this ranking was held by South Korea (X kg), with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +36.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+19.6% per year) and South Korea (+83.3% per year).

In value terms, China ($X) constituted the largest supplier of dental drill engines to the Dominican Republic, comprising 44% of total imports. The second position in the ranking was taken by the United States ($X), with an 18% share of total imports. It was followed by Panama, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+9.4% per year) and Panama (-19.3% per year).

Import Prices by Country

In 2021, the average dental drill engine import price amounted to $X per ton, shrinking by -42.6% against the previous year. In general, the import price, however, recorded a strong expansion. The pace of growth was the most pronounced in 2013 an increase of 52%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+31.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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