Russian Federation: Dental Drill Engine Market 2024

Dental Drill Engine Market Size in the Russian Federation

In 2021, the Russian dental drill engine market increased by 48% to $X, rising for the sixth consecutive year after two years of decline. Over the period under review, consumption showed a buoyant increase. Dental drill engine consumption peaked in 2021 and is expected to retain growth in the near future.

Dental Drill Engine Exports

Exports from the Russian Federation

In 2021, the amount of dental drill engines exported from Russia surged to X tons, jumping by 38% compared with 2020 figures. In general, exports saw a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 70% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, dental drill engine exports surged to $X in 2021. Overall, total exports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons), Ukraine (X tons) and Kyrgyzstan (X tons) were the main destinations of dental drill engine exports from Russia, with a combined 89% share of total exports. These countries were followed by Moldova, Uzbekistan and Belarus, which together accounted for a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Moldova (with a CAGR of +58.1%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) emerged as the key foreign market for dental drill engines exports from Russia, comprising 57% of total exports. The second position in the ranking was held by Ukraine ($X), with a 17% share of total exports. It was followed by Kyrgyzstan, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Kazakhstan amounted to +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+42.3% per year) and Kyrgyzstan (+21.8% per year).

Export Prices by Country

The average dental drill engine export price stood at $X per ton in 2021, jumping by 31% against the previous year. In general, the export price, however, continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2013 an increase of 34%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Belarus ($X per ton), while the average price for exports to Ukraine ($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 Belarus (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Drill Engine Imports

Imports into the Russian Federation

In 2021, overseas purchases of dental drill engines increased by 72% to X tons, rising for the sixth consecutive year after two years of decline. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 105%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, dental drill engine imports soared to $X in 2021. Overall, imports recorded moderate growth. The most prominent rate of growth was recorded in 2017 when imports increased by 39%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest dental drill engine supplier to Russia, with a 63% share of total imports. Moreover, dental drill engine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. Slovakia (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.0% per year) and Slovakia (+4.9% per year).

In value terms, the largest dental drill engine suppliers to Russia were China ($X), Germany ($X) and Slovakia ($X), together accounting for 65% of total imports. These countries were followed by Italy, Finland, the United States and South Korea, which together accounted for a further 30%.

South Korea, with a CAGR of +32.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average dental drill engine import price amounted to $X per ton, with a decrease of -23.4% against the previous year. In general, the import price saw a drastic downturn. The pace of growth appeared the most rapid in 2013 an increase of 3.9% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Finland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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