Turkey: Dental Drill Engine Market 2024

Dental Drill Engine Market Size in Turkey

The Turkish dental drill engine market skyrocketed to $X in 2021, with an increase of 59% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Dental Drill Engine Production in Turkey

In value terms, dental drill engine production totaled $X in 2021 estimated in export price. Over the period under review, production continues to indicate a deep contraction. The pace of growth was the most pronounced in 2015 when the production volume increased by 254% against the previous year. Dental drill engine production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Dental Drill Engine Exports

Exports from Turkey

In 2021, overseas shipments of dental drill engines increased by 27% to X tons, rising for the fifth year in a row after three years of decline. Overall, exports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of 87%. 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 skyrocketed to $X in 2021. In general, exports showed a pronounced increase. The pace of growth was the most pronounced in 2013 when exports increased by 98% against the previous year. 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

Iraq (X tons), Cyprus (X tons) and Nigeria (X tons) were the main destinations of dental drill engine exports from Turkey, with a combined 56% share of total exports. Albania, Germany, Israel, Oman, France, Ukraine, Poland, Serbia, Azerbaijan and the Netherlands lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +326.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X) emerged as the key foreign market for dental drill engines exports from Turkey, comprising 25% of total exports. The second position in the ranking was held by Cyprus ($X), with a 13% share of total exports. It was followed by Germany, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Iraq stood at +26.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+22.7% per year) and Germany (+24.3% per year).

Export Prices by Country

In 2021, the average dental drill engine export price amounted to $X per ton, which is down by -5.9% against the previous year. Overall, the export price, however, saw buoyant growth. The growth pace was the most rapid in 2015 when the average export price increased by 85%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Albania ($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 Netherlands (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Drill Engine Imports

Imports into Turkey

Dental drill engine imports into Turkey surged to X tons in 2021, increasing by 65% against the previous year's figure. Overall, imports saw strong growth. 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. In general, total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 59%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of dental drill engine to Turkey, accounting for a 73% share of total imports. Moreover, dental drill engine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. The third position in this ranking was taken by South Korea (X tons), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.4% per year) and South Korea (+16.5% per year).

In value terms, China ($X), Italy ($X) and Finland ($X) appeared to be the largest dental drill engine suppliers to Turkey, with a combined 76% share of total imports.

China, with a CAGR of +22.9%, recorded the highest growth rate of the value of imports, in terms of 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, falling by -12.5% against the previous year. Over the period under review, the import price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by 31% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 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 Finland (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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