Thailand: Dental Drill Engine Market 2024

Dental Drill Engine Market Size in Thailand

In 2021, the Thai dental drill engine market decreased by -25% to $X, falling for the third consecutive year after two years of growth. In general, consumption recorded a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Dental Drill Engine Exports

Exports from Thailand

In 2021, the amount of dental drill engines exported from Thailand dropped remarkably to X tons, declining by -15.1% compared with the previous year's figure. Over the period under review, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2020 when exports increased by 307%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, dental drill engine exports contracted significantly to $X in 2021. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 89% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) was the main destination for dental drill engine exports from Thailand, with a 55% share of total exports. Moreover, dental drill engine exports to Vietnam exceeded the volume sent to the second major destination, Malaysia (X tons), fourfold. Taiwan (Chinese) (X tons) 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 Vietnam amounted to -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+76.2% per year) and Taiwan (Chinese) (-16.1% per year).

In value terms, Vietnam ($X) emerged as the key foreign market for dental drill engines exports from Thailand, comprising 49% of total exports. The second position in the ranking was held by Malaysia ($X), with a 14% share of total exports. It was followed by Taiwan (Chinese), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam stood at -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+39.3% per year) and Taiwan (Chinese) (-15.0% per year).

Export Prices by Country

The average dental drill engine export price stood at $X per ton in 2021, declining by -4.2% against the previous year. In general, the export price saw a deep setback. The growth pace was the most rapid in 2018 an increase of 55%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2021, the countries with the highest prices were Germany ($X per ton) and Oman ($X per ton), while the average price for exports to Vietnam ($X per ton) and Malaysia ($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 Singapore (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Drill Engine Imports

Imports into Thailand

Dental drill engine imports into Thailand fell significantly to X tons in 2021, which is down by -18.7% on the year before. In general, imports faced a abrupt descent. The growth pace was the most rapid in 2020 when imports increased by 20%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, dental drill engine imports shrank rapidly to $X in 2021. Over the period under review, imports saw a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of 42% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

South Korea (X tons), Japan (X tons) and the United States (X tons) were the main suppliers of dental drill engine imports to Thailand, with a combined 83% share of total imports. These countries were followed by China, Italy and Germany, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +24.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest dental drill engine suppliers to Thailand were South Korea ($X), Japan ($X) and the United States ($X), together accounting for 85% of total imports. These countries were followed by China, Italy and Germany, which together accounted for a further 13%.

In terms of the main suppliers, Italy, with a CAGR of +17.9%, saw 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

In 2021, the average dental drill engine import price amounted to $X per ton, reducing by -8.4% against the previous year. Over the period under review, the import price, however, posted a strong expansion. The pace of growth was the most pronounced in 2019 an increase of 44% against the previous year. The import price peaked at $X per ton in 2020, and then reduced in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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