Latin America and the Caribbean: Dental Drill Engine Market 2024

Dental Drill Engine Market Size in Latin America and the Caribbean

The Latin American dental drill engine market rose rapidly to $X in 2021, growing by 13% against the previous year. In general, consumption, however, recorded a perceptible curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Dental Drill Engine Production in Latin America and the Caribbean

In value terms, dental drill engine production rose significantly to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2019 with an increase of 18% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Dental Drill Engine Exports

Exports in Latin America and the Caribbean

In 2021, overseas shipments of dental drill engines were finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, saw a drastic downturn. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, dental drill engine exports shrank dramatically to $X in 2021. In general, exports, however, faced a dramatic slump. The pace of growth appeared the most rapid in 2017 when exports increased by 11% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Argentina (X tons) represented the main exporter of dental drill engines, constituting 69% of total exports. It was distantly followed by Brazil (X tons), mixing up a 25% share of total exports. The following exporters - Mexico (X kg) and Panama (X kg) - each reached a 4.5% share of total exports.

Exports from Argentina decreased at an average annual rate of -10.4% from 2012 to 2021. Mexico (-1.8%), Brazil (-15.4%) and Panama (-25.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Argentina increased by +14 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest dental drill engine supplying countries in Latin America and the Caribbean were Argentina ($X), Brazil ($X) and Mexico ($X), with a combined 86% share of total exports.

In terms of the main exporting countries, Mexico, with a CAGR of +9.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, which is down by -64.6% against the previous year. Over the period under review, the export price showed a drastic downturn. The growth pace was the most rapid in 2015 when the export price increased by 51%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+11.4%), while the other leaders experienced mixed trends in the export price figures.

Dental Drill Engine Imports

Imports in Latin America and the Caribbean

In 2021, purchases abroad of dental drill engines increased by 80% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +115.3% against 2019 indices. 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. Total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Argentina dominates imports structure, accounting for X tons, which was approx. 69% of total imports in 2021. Brazil (X tons) held the second position in the ranking, followed by Chile (X tons) and Mexico (X tons). All these countries together held near 21% share of total imports. The following importers - Peru (X tons) and the Dominican Republic (X tons) - each accounted for a 3.1% share of total imports.

Imports into Argentina increased at an average annual rate of +8.5% from 2012 to 2021. At the same time, Brazil (+25.2%), Chile (+15.3%), Peru (+13.6%) and Mexico (+12.9%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +25.2% from 2012-2021. By contrast, the Dominican Republic (-6.5%) illustrated a downward trend over the same period. While the share of Argentina (+16 p.p.), Brazil (+6.5 p.p.), Chile (+3.9 p.p.) and Mexico (+2.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the Dominican Republic (-3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest dental drill engine importing markets in Latin America and the Caribbean were Brazil ($X), Argentina ($X) and Mexico ($X), together comprising 76% of total imports.

In terms of the main importing countries, Mexico, with a CAGR of +13.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, declining by -10.9% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 45% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2019; however, from 2020 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 Brazil ($X per ton), while Argentina ($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 Dominican Republic (+5.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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