Europe: Dental Drill Engine Market 2024

Dental Drill Engine Market Size in Europe

In 2021, the Europe dental drill engine market increased by 8.6% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, recorded a mild contraction. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Dental Drill Engine Production in Europe

In value terms, dental drill engine production rose modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a mild downturn. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Dental Drill Engine Exports

Exports in Europe

In 2021, the amount of dental drill engines exported in Europe skyrocketed to X tons, with an increase of 27% on the year before. The total export volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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. The total export value increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) and Germany (X tons) represented roughly 63% of total exports in 2021. Finland (X tons) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Slovakia (10%). The following exporters - Denmark (X tons) and Switzerland (X tons) - together made up 6.5% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Italy (with a CAGR of +20.9%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Finland ($X) were the countries with the highest levels of exports in 2021, together comprising 60% of total exports.

Italy, with a CAGR of +18.6%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, with an increase of 8.6% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+0.4%), while the other leaders experienced more modest paces of growth.

Dental Drill Engine Imports

Imports in Europe

In 2021, supplies from abroad of dental drill engines increased by 44% to X tons, rising for the sixth year in a row after three years of decline. Overall, imports showed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, dental drill engine imports skyrocketed to $X in 2021. Total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +76.6% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) represented the major importer of dental drill engines, mixing up 43% of total imports. Germany (X tons) took the second position in the ranking, followed by Ukraine (X tons) and Spain (X tons). All these countries together held approx. 22% share of total imports. The following importers - Poland (X tons), France (X tons), the Netherlands (X tons), Sweden (X tons), the UK (X tons), the Czech Republic (X tons) and Belgium (X tons) - together made up 21% of total imports.

Imports into Russia increased at an average annual rate of +15.1% from 2012 to 2021. At the same time, Spain (+40.5%), France (+15.3%), Sweden (+8.7%), Belgium (+5.4%), Poland (+4.3%), the Czech Republic (+2.5%) and Ukraine (+1.1%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in Europe, with a CAGR of +40.5% from 2012-2021. The Netherlands experienced a relatively flat trend pattern. By contrast, the UK (-1.1%) and Germany (-3.3%) illustrated a downward trend over the same period. Russia (+22 p.p.), Spain (+4.3 p.p.) and France (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while the UK, the Netherlands, Ukraine and Germany saw its share reduced by -1.8%, -3.1%, -4.6% and -12.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest dental drill engine importing markets in Europe were Russia ($X), France ($X) and Germany ($X), with a combined 37% share of total imports. The Netherlands, the UK, Poland, Sweden, Spain, Ukraine, the Czech Republic and Belgium lagged somewhat behind, together accounting for a further 36%.

Spain, with a CAGR of +23.4%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, declining by -1.8% against the previous year. In general, the import price recorded a pronounced reduction. The growth pace was the most rapid in 2014 an increase of 14%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform