Republic of Korea - Dental Drill Engines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingDental Drill Engine Price in South Korea - 2021
Contents:
- Dental Drill Engine Price in South Korea (CIF) - 2022
- Dental Drill Engine Price in South Korea (FOB) - 2022
- Dental Drill Engine Imports in South Korea
- Dental Drill Engine Exports in South Korea
Dental Drill Engine Price in South Korea (CIF) - 2022
The average dental drill engine import price stood at $254 per unit in 2022, with a decrease of -44.5% against the previous year. In general, the import price saw a deep setback. The pace of growth was the most pronounced in 2020 an increase of 25%. The import price peaked at $465 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($481 per unit), while the price for Hong Kong SAR ($96 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+31.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Dental Drill Engine Price in South Korea (FOB) - 2022
In 2022, the average dental drill engine export price amounted to $132 per unit, with an increase of 18% against the previous year. Overall, the export price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 an increase of 46%. The export price peaked at $349 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($275 per unit), while the average price for exports to Egypt ($51 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+6.0%), while the prices for the other major destinations experienced a decline.
Dental Drill Engine Imports in South Korea
In 2022, the amount of dental drill engines imported into South Korea contracted markedly to 25K units, dropping by -34.2% compared with the previous year's figure. Over the period under review, imports, however, posted a slight increase. The growth pace was the most rapid in 2021 with an increase of 154% against the previous year. As a result, imports reached the peak of 39K units, and then fell notably in the following year.
In value terms, dental drill engine imports shrank significantly to $6.4M in 2022. Overall, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 168%. As a result, imports attained the peak of $18M, and then declined remarkably in the following year.
| Import of Dental Drill Engine in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 1,670 | 1,230 | 2,523 | 2,147 | 8.7% |
| Hong Kong SAR | 327 | 754 | 935 | 796 | 34.5% |
| China | 523 | 914 | 877 | 747 | 12.6% |
| Germany | 444 | 421 | 482 | 410 | -2.6% |
| United States | 150 | 36.5 | 47.1 | 65.4 | -24.2% |
| Slovakia | 235 | N/A | N/A | N/A | 0% |
| Others | 5,138 | 3,218 | 12,759 | 2,278 | -23.7% |
| Total | 8,487 | 6,573 | 17,623 | 6,442 | -8.8% |
Top Suppliers of Dental Drill Engine to South Korea in 2022:
- Hong Kong SAR (8.3K units)
- Switzerland (4.5K units)
- Germany (2.3K units)
- China (1.6K units)
- United States (0.6K units)
Dental Drill Engine Exports in South Korea
In 2022, exports of dental drill engines from South Korea dropped to 143K units, waning by -6.4% against 2021. In general, total exports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +2.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 73% against the previous year. As a result, the exports reached the peak of 153K units, and then dropped in the following year.
In value terms, dental drill engine exports expanded rapidly to $19M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +6.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 48%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Dental Drill Engine in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,936 | 984 | 2,635 | 2,133 | 3.3% |
| China | 2,279 | 1,994 | 2,431 | 1,968 | -4.8% |
| United States | 1,649 | 864 | 1,432 | 1,160 | -11.1% |
| Turkey | 806 | 801 | 1,289 | 1,043 | 9.0% |
| Mexico | 686 | 523 | 1,143 | 925 | 10.5% |
| Russia | 579 | 578 | 945 | 765 | 9.7% |
| Egypt | 812 | 531 | 856 | 693 | -5.1% |
| Vietnam | 971 | 511 | 742 | 593 | -15.2% |
| Japan | 490 | 642 | 589 | 477 | -0.9% |
| Taiwan (Chinese) | 568 | 384 | 431 | 369 | -13.4% |
| Italy | 486 | 302 | 206 | 265 | -18.3% |
| United Kingdom | 339 | 130 | 309 | 250 | -9.7% |
| Others | 3,929 | 3,356 | 4,133 | 8,264 | 28.1% |
| Total | 15,530 | 11,602 | 17,142 | 18,908 | 6.8% |
Top Export Markets for Dental Drill Engine from South Korea in 2022:
- India (29.5K units)
- Mexico (14.7K units)
- Egypt (13.5K units)
- Turkey (11.0K units)
- China (10.0K units)
- United States (7.5K units)
- Vietnam (3.4K units)
- Japan (2.8K units)
- Russia (2.8K units)
- Italy (2.4K units)
- Taiwan (Chinese) (2.3K units)
- United Kingdom (2.0K units)
This report provides an in-depth analysis of the dental drill engine market in Republic of Korea. 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:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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