MENA: Dental Drill Engine Market 2024

Dental Drill Engine Market Size in MENA

The MENA's dental drill engine market soared to $X in 2021, growing by 36% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Dental Drill Engine Production in MENA

In value terms, dental drill engine production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of 18% against the previous year. The level of production peaked at $X in 2020, and then declined modestly in the following year.

Dental Drill Engine Exports

Exports in MENA

For the third consecutive year, MENA recorded decline in overseas shipments of dental drill engines, which decreased by -24.8% to X tons in 2021. In general, exports showed a deep contraction. The growth pace was the most rapid in 2018 with an increase of 27%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, dental drill engine exports declined notably to $X in 2021. Overall, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of 48%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) and Israel (X tons) dominates exports structure, together creating 86% of total exports. It was distantly followed by the United Arab Emirates (X tons), mixing up a 9.6% share of total exports. Tunisia (X kg) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +15.1%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest dental drill engine supplying countries in MENA were Israel ($X), Turkey ($X) and the United Arab Emirates ($X), with a combined 93% share of total exports.

The United Arab Emirates, with a CAGR of +9.2%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, growing by 3.3% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 57%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+11.0%), while the other leaders experienced mixed trends in the export price figures.

Dental Drill Engine Imports

Imports in MENA

In 2021, the amount of dental drill engines imported in MENA soared to X tons, jumping by 74% against 2020 figures. Total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.9% 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 +83.5% against 2016 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 skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey dominates imports structure, accounting for X tons, which was near 61% of total imports in 2021. It was distantly followed by Egypt (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons), together making up a 20% share of total imports. The following importers - Algeria (X tons), Tunisia (X tons) and Qatar (X tons) - each recorded an 8.8% share of total imports.

Imports into Turkey increased at an average annual rate of +11.0% from 2012 to 2021. At the same time, Qatar (+26.1%), the United Arab Emirates (+19.3%), Algeria (+14.0%) and Tunisia (+6.2%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in MENA, with a CAGR of +26.1% from 2012-2021. Egypt experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-13.8%) illustrated a downward trend over the same period. Turkey (+30 p.p.), the United Arab Emirates (+4.4 p.p.), Qatar (+2.2 p.p.) and Algeria (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Egypt and Saudi Arabia saw its share reduced by -2.3% and -25.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2021, with a combined 66% share of total imports.

The United Arab Emirates, with a CAGR of +18.0%, saw the highest growth rate of the value of imports, among 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 MENA stood at $X per ton in 2021, declining by -9.9% against the previous year. Over the period under review, the import price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2015 an increase of 12% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+11.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform