Middle East: Dental Drill Engine Market 2024

Dental Drill Engine Market Size in the Middle East

The Middle Eastern dental drill engine market soared to $X in 2021, rising by 27% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Dental Drill Engine Production in the Middle East

In value terms, dental drill engine production shrank 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 throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 18%. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Dental Drill Engine Exports

Exports in the Middle East

In 2021, exports of dental drill engines in the Middle East shrank to X tons, waning by -7.8% on 2020 figures. In general, exports showed a deep reduction. The growth pace was the most rapid in 2013 when exports increased by 31%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, dental drill engine exports contracted dramatically to $X in 2021. Over the period under review, exports saw a deep reduction. The growth pace was the most rapid in 2018 when exports increased by 48%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) and Israel (X tons) prevails in exports structure, together comprising 88% of total exports. It was distantly followed by the United Arab Emirates (X tons), achieving a 9.8% 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, Israel ($X), Turkey ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2021, with a combined 94% share of total exports.

The United Arab Emirates, with a CAGR of +9.2%, saw the highest rates of growth with regard to 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 the Middle East stood at $X per ton in 2021, with a decrease of -15% against the previous year. Export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dental drill engine export price decreased by -17.4% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 58%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($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 the Middle East

In 2021, the amount of dental drill engines imported in the Middle East surged to X tons, jumping by 63% against the previous year. Total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +3.1% 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 +93.6% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, dental drill engine imports surged to $X in 2021. Total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.4% 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 +70.8% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey prevails in imports structure, recording X tons, which was near 72% of total imports in 2021. It was distantly followed by Saudi Arabia (X tons) and the United Arab Emirates (X tons), together making up a 15% share of total imports. Qatar (X tons), Kuwait (X tons) and Iraq (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to dental drill engine imports into Turkey stood at +11.0%. At the same time, Qatar (+26.1%), the United Arab Emirates (+19.3%) and Kuwait (+15.0%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +26.1% from 2012-2021. By contrast, Iraq (-11.4%) and Saudi Arabia (-13.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey, the United Arab Emirates, Qatar and Kuwait increased by +35, +5.2, +2.6 and +1.8 percentage points, respectively.

In value terms, Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2021, together comprising 80% of total imports.

Among the main importing countries, the United Arab Emirates, with a CAGR of +18.0%, recorded the highest rates of growth with regard to 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

The import price in the Middle East stood at $X per ton in 2021, which is down by -8.3% against the previous year. In general, the import price recorded a slight reduction. The growth pace was the most rapid in 2017 when the import price increased by 11%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the 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 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 mixed trends in the import price figures.

Source: IndexBox Platform

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