Singapore: Dental Drill Engine Market 2024

Dental Drill Engine Market Size in Singapore

The Singaporean dental drill engine market declined notably to $X in 2021, falling by -24.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a dramatic setback. Dental drill engine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Dental Drill Engine Exports

Exports from Singapore

In 2021, after two years of decline, there was significant growth in shipments abroad of dental drill engines, when their volume increased by 50% to X tons. Overall, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by 66%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, dental drill engine exports skyrocketed to $X in 2021. In general, exports, however, recorded a deep slump. The growth pace was the most rapid in 2013 with an increase of 89% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons) was the main destination for dental drill engine exports from Singapore, with a 59% share of total exports. Moreover, dental drill engine exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X kg), threefold. South Korea (X kg) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia totaled -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+60.7% per year) and South Korea (+12.7% per year).

In value terms, Indonesia ($X) remains the key foreign market for dental drill engines exports from Singapore, comprising 58% of total exports. The second position in the ranking was held by Malaysia ($X), with a 22% share of total exports. It was followed by South Korea, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia amounted to -11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+55.4% per year) and South Korea (+8.4% per year).

Export Prices by Country

The average dental drill engine export price stood at $X per ton in 2021, waning by -3.5% against the previous year. Over the period under review, the export price recorded a noticeable downturn. The growth pace was the most rapid in 2013 an increase of 41% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were Japan ($X per ton) and Brunei Darussalam ($X per ton), while the average price for exports to Indonesia ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam (-3.0%), while the prices for the other major destinations experienced a decline.

Dental Drill Engine Imports

Imports into Singapore

In 2021, the amount of dental drill engines imported into Singapore fell notably to X tons, with a decrease of -20.8% against the year before. Overall, imports faced a abrupt contraction. The pace of growth appeared the most rapid in 2016 with an increase of 63%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, dental drill engine imports skyrocketed to $X in 2021. In general, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 38% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Hong Kong SAR (X tons) and China (X kg) were the main suppliers of dental drill engine imports to Singapore, together comprising 73% of total imports. South Korea, the United States, Slovakia, Switzerland, Germany and Finland lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +35.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dental drill engine suppliers to Singapore were China ($X), South Korea ($X) and Italy ($X), together comprising 59% of total imports.

South Korea, with a CAGR of +40.8%, saw the highest growth rate of 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

The average dental drill engine import price stood at $X per ton in 2021, growing by 51% against the previous year. Overall, the import price continues to indicate a temperate expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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