New Zealand: Dental Drill Engine Market 2024

Dental Drill Engine Market Size in New Zealand

The New Zealand dental drill engine market soared to $X in 2021, jumping by 71% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Dental Drill Engine Production in New Zealand

In value terms, dental drill engine production soared to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt contraction. 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 from New Zealand

In 2021, overseas shipments of dental drill engines decreased by -63.7% to X kg, falling for the seventh year in a row after three years of growth. Over the period under review, exports saw a significant contraction. The most prominent rate of growth was recorded in 2013 with an increase of 46%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, dental drill engine exports shrank significantly to $X in 2021. In general, exports saw a precipitous curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 26%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Thailand (X kg), Fiji (X kg) and Australia (X kg) were the main destinations of dental drill engine exports from New Zealand, together accounting for 55% of total exports. These countries were followed by South Africa, Canada, Finland, Singapore, Japan, Malaysia, the UK, the United Arab Emirates and Jordan, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of -12.5%), while shipments for the other leaders experienced a decline.

In value terms, Canada ($X) remains the key foreign market for dental drill engines exports from New Zealand, comprising 33% of total exports. The second position in the ranking was taken by Singapore ($X), with a 16% share of total exports. It was followed by Thailand, with a 16% share.

From 2012 to 2021, the average annual growth rate of value to Canada amounted to -31.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-19.2% per year) and Thailand (-21.9% per year).

Export Prices by Country

In 2021, the average dental drill engine export price amounted to $X per ton, reducing by -4.4% against the previous year. Overall, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 31% against the previous year. 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 the United Arab Emirates ($X per ton), while the average price for exports to South Africa ($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 the United Arab Emirates (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Drill Engine Imports

Imports into New Zealand

Dental drill engine imports into New Zealand soared to X tons in 2021, picking up by 73% against the previous year's figure. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2015 when imports increased by 106%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, dental drill engine imports surged to $X in 2021. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 164%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of dental drill engine to New Zealand, with a 64% share of total imports. Moreover, dental drill engine imports from Germany exceeded the figures recorded by the second-largest supplier, Japan (X tons), ninefold. The third position in this ranking was held by Italy (X tons), with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +51.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+69.0% per year) and Italy (+120.3% per year).

In value terms, Germany ($X) constituted the largest supplier of dental drill engines to New Zealand, comprising 71% of total imports. The second position in the ranking was held by Finland ($X), with a 5.6% share of total imports. It was followed by Italy, with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +38.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+2.2% per year) and Italy (+51.2% per year).

Import Prices by Country

The average dental drill engine import price stood at $X per ton in 2021, shrinking by -5.2% against the previous year. Over the period under review, the import price recorded a abrupt decline. The pace of growth was the most pronounced in 2014 when the average import price increased by 33% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :