Report Update Nov 1, 2024

Vietnam - Dental Drill Engines - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Dental Drill Engine Market 2024

Dental Drill Engine Market Size in Vietnam

The Vietnamese dental drill engine market surged to $X in 2021, jumping by 23% 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). Overall, consumption enjoyed strong growth. Dental drill engine consumption peaked in 2021 and is expected to retain growth in years to come.

Dental Drill Engine Exports

Exports from Vietnam

In 2021, shipments abroad of dental drill engines increased by 80% to X tons, rising for the seventh year in a row after two years of decline. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2019 when exports increased by 232%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, dental drill engine exports soared to $X in 2021. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2018 with an increase of 385% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

China (X tons) was the main destination for dental drill engine exports from Vietnam, accounting for a 82% share of total exports. Moreover, dental drill engine exports to China exceeded the volume sent to the second major destination, Romania (X kg), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+192.6% per year) and South Korea (+884.2% per year).

In value terms, China ($X) emerged as the key foreign market for dental drill engines exports from Vietnam, comprising 82% of total exports. The second position in the ranking was taken by Romania ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+145.0% per year) and South Korea (+505.9% per year).

Export Prices by Country

In 2021, the average dental drill engine export price amounted to $X per ton, surging by 45% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 127%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Romania ($X per ton), while the average price for exports to South Korea ($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 Japan (+4.5%), while the prices for the other major destinations experienced a decline.

Dental Drill Engine Imports

Imports into Vietnam

In 2021, dental drill engine imports into Vietnam surged to X tons, jumping by 29% compared with the previous year. In general, imports recorded a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by 202%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, dental drill engine imports soared to $X in 2021. Overall, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of 108%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of dental drill engine to Vietnam, accounting for a 61% share of total imports. Moreover, dental drill engine imports from Italy exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fourfold. The third position in this ranking was taken by South Korea (X tons), with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +93.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+5.3% per year) and South Korea (+75.0% per year).

In value terms, the largest dental drill engine suppliers to Vietnam were Italy ($X), South Korea ($X) and Japan ($X), with a combined 75% share of total imports.

Italy, with a CAGR of +91.4%, 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

In 2021, the average dental drill engine import price amounted to $X per ton, which is down by -2.4% against the previous year. In general, the import price showed a perceptible descent. The growth pace was the most rapid in 2018 when the average import price increased by 49% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for dental drill engines in the world?

The countries with the highest volumes of in 2021 were China, the United States and Germany, with a combined 50% share of global consumption. Pakistan, Japan, Brazil, Hong Kong SAR, South Korea, Spain, Canada, the UK, Russia and Thailand lagged somewhat behind, together comprising a further 30%.

What are the largest producers of dental drill engines in the world?

The countries with the highest volumes of in 2021 were China, the United States and Germany, together accounting for 53% of global production.

What are the leading suppliers of dental drill engines to Vietnam?

In value terms, Italy, Japan and Hong Kong SAR constituted the largest dental drill engine suppliers to Vietnam, with a combined 86% share of total imports.

What are the leading importers of dental drill engines from Vietnam?

In value terms, Romania remains the key foreign market for dental drill engine exports from Vietnam, comprising 79% of total exports. The second position in the ranking was occupied by Cyprus, with an 11% share of total exports.

What is the average export price for dental drill engines in Vietnam?

The average dental drill engine export price stood at $174,015 per ton in 2021, picking up by 47% against the previous year.

What is the average import price for dental drill engines in Vietnam?

In 2021, the average dental drill engine import price amounted to $61,495 per ton, falling by -12.7% against the previous year.

This report provides an in-depth analysis of the dental drill engine market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32501130 - Dental drill engines, whether or not combined on a single base with other dental equipment

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023