Eastern Asia: Dental Drill Engine Market 2024

Dental Drill Engine Market Size in Eastern Asia

In 2021, after two years of growth, there was decline in the East Asian dental drill engine market, when its value decreased by -0.7% to $X. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Dental Drill Engine Production in Eastern Asia

In value terms, dental drill engine production fell slightly to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 22%. The level of production peaked at $X in 2020, and then shrank in the following year.

Dental Drill Engine Exports

Exports in Eastern Asia

For the third year in a row, Eastern Asia recorded growth in overseas shipments of dental drill engines, which increased by 202% to X tons in 2021. Over the period under review, exports continue to indicate a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, dental drill engine exports skyrocketed to $X in 2021. In general, exports recorded a prominent expansion. The pace of growth was the most pronounced in 2019 when exports increased by 187% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Hong Kong SAR represented the main exporter of dental drill engines in Eastern Asia, with the volume of exports resulting at X tons, which was approx. 64% of total exports in 2021. China (X tons) held the second position in the ranking, distantly followed by South Korea (X tons). All these countries together held near 33% share of total exports. Japan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to dental drill engine exports from Hong Kong SAR stood at +16.6%. At the same time, South Korea (+30.3%), Japan (+15.4%) and China (+12.5%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +30.3% from 2012-2021. South Korea (+6.5 p.p.) and Hong Kong SAR (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -7.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest dental drill engine supplier in Eastern Asia, comprising 69% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 21% share of total exports. It was followed by South Korea, with a 5.8% share.

In China, dental drill engine exports increased at an average annual rate of +18.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Hong Kong SAR (+8.6% per year) and South Korea (+20.5% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, dropping by -61% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the export price increased by 115%. Over the period under review, the export prices hit record highs at $X per ton in 2020, and then fell significantly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the other leaders experienced a decline in the export price figures.

Dental Drill Engine Imports

Imports in Eastern Asia

In 2021, dental drill engine imports in Eastern Asia surged to X tons, picking up by 403% on 2020. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, dental drill engine imports soared to $X in 2021. In general, imports saw a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 196%. The level of import peaked in 2021 and is likely to continue growth in years to come.

Imports by Country

Hong Kong SAR prevails in imports structure, resulting at X tons, which was near 95% of total imports in 2021. The following importers - Japan (X tons) and China (X tons) - each accounted for a 3.7% share of total imports.

Hong Kong SAR was also the fastest-growing in terms of the dental drill engines imports, with a CAGR of +24.7% from 2012 to 2021. At the same time, Japan (+23.8%) displayed positive paces of growth. By contrast, China (-2.7%) illustrated a downward trend over the same period. Hong Kong SAR (+15 p.p.) significantly strengthened its position in terms of the total imports, while China saw its share reduced by -10.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported dental drill engines in Eastern Asia, comprising 74% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Hong Kong SAR amounted to +20.2%. In the other countries, the average annual rates were as follows: China (-6.8% per year) and Japan (+28.3% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, reducing by -42.9% against the previous year. Overall, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when the import price increased by 49% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 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 China ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+3.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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