Hungary: Dental Drill Engine Market 2024

Dental Drill Engine Market Size in Hungary

For the third consecutive year, the Hungarian dental drill engine market recorded growth in sales value, which increased by 16% to $X in 2021. In general, consumption saw a relatively flat trend pattern. Dental drill engine consumption peaked in 2021 and is expected to retain growth in the immediate term.

Dental Drill Engine Production in Hungary

In value terms, dental drill engine production fell to $X in 2021 estimated in export price. Over the period under review, production saw a perceptible curtailment. The pace of growth was the most pronounced in 2017 with an increase of 27%. Dental drill engine production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Dental Drill Engine Exports

Exports from Hungary

In 2021, approx. X tons of dental drill engines were exported from Hungary; with an increase of 46% against the previous year's figure. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 604% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, dental drill engine exports soared to $X in 2021. In general, exports saw a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for dental drill engine exports from Hungary, with a 77% share of total exports. Moreover, dental drill engine exports to Germany exceeded the volume sent to the second major destination, Ukraine (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+323.2% per year) and Austria (+23.0% per year).

In value terms, Austria ($X) emerged as the key foreign market for dental drill engines exports from Hungary, comprising 51% of total exports. The second position in the ranking was held by Germany ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Austria stood at +56.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+6.6% per year) and Ukraine (+216.4% per year).

Export Prices by Country

In 2021, the average dental drill engine export price amounted to $X per ton, surging by 163% against the previous year. Over the period under review, the export price, however, showed a deep downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per ton), while the average price for exports to Germany ($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 Austria (+27.2%), while the prices for the other major destinations experienced mixed trend patterns.

Dental Drill Engine Imports

Imports into Hungary

In 2021, dental drill engine imports into Hungary soared to X tons, surging by 97% against 2020 figures. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 428% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, dental drill engine imports skyrocketed to $X in 2021. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2013 when imports increased by 313%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest dental drill engine supplier to Hungary, accounting for a 79% share of total imports. Moreover, dental drill engine imports from Italy exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), ninefold. China (X tons) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled +93.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+51.8% per year) and China (+16.8% per year).

In value terms, Italy ($X) constituted the largest supplier of dental drill engines to Hungary, comprising 66% of total imports. The second position in the ranking was taken by Slovakia ($X), with a 9.5% share of total imports. It was followed by Austria, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +92.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+64.0% per year) and Austria (+17.8% per year).

Import Prices by Country

The average dental drill engine import price stood at $X per ton in 2021, rising by 11% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dental drill engine import price increased by +29.1% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 44% against the previous year. Over the period under review, average import prices reached the maximum 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 supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+25.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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