Hong Kong SAR, China: Dental Drill Engine Market 2024

Dental Drill Engine Market Size in Hong Kong SAR, China

For the third consecutive year, the Hong Kong dental drill engine market recorded growth in sales value, which increased by 523% to $X in 2021. Over the period under review, consumption showed a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Dental Drill Engine Production in Hong Kong SAR, China

In value terms, dental drill engine production amounted to $X in 2021 estimated in export price. In general, production showed a perceptible downturn. The pace of growth appeared the most rapid in 2015 when the production volume increased by 71%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Dental Drill Engine Exports

Exports from Hong Kong SAR, China

In 2021, approx. X tons of dental drill engines were exported from Hong Kong SAR; jumping by 688% on 2020 figures. Overall, exports showed 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 soared to $X in 2021. Over the period under review, exports posted prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for dental drill engine exports from Hong Kong SAR, with a 90% share of total exports. It was followed by Japan (X tons), with a 2.5% share of total exports. The third position in this ranking was taken by South Korea (X tons), with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+162.0% per year) and South Korea (+54.2% per year).

In value terms, China ($X) remains the key foreign market for dental drill engines exports from Hong Kong SAR, comprising 92% of total exports. The second position in the ranking was taken by South Korea ($X), with a 1.5% share of total exports. It was followed by Japan, with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+42.7% per year) and Japan (+164.5% per year).

Export Prices by Country

The average dental drill engine export price stood at $X per ton in 2021, waning by -1.7% against the previous year. Over the period under review, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 15%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Japan ($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 Vietnam (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Drill Engine Imports

Imports into Hong Kong SAR, China

For the third year in a row, Hong Kong SAR recorded growth in purchases abroad of dental drill engines, which increased by 555% to X tons in 2021. Over the period under review, imports continue to indicate a significant expansion. 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. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of dental drill engine to Hong Kong SAR, with a 89% share of total imports. Moreover, dental drill engine imports from China exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), more than tenfold. The third position in this ranking was held by Italy (X tons), with a 2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +27.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+30.6% per year) and Italy (+45.3% per year).

In value terms, China ($X) constituted the largest supplier of dental drill engines to Hong Kong SAR, comprising 92% of total imports. The second position in the ranking was held by Switzerland ($X), with a 5.7% share of total imports. It was followed by the Netherlands, with a 1% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +21.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+32.7% per year) and the Netherlands (+28.4% per year).

Import Prices by Country

The average dental drill engine import price stood at $X per ton in 2021, growing by 6.2% against the previous year. In general, the import price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by 51% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 China ($X per ton), while the price for Italy ($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 United States (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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