GCC: Dental Drill Engine Market 2024

Dental Drill Engine Market Size in GCC

In 2022, after two years of growth, there was decline in the GCC dental drill engine market, when its value decreased by X% to $X. In general, consumption, however, recorded a buoyant increase. The level of consumption peaked at $X in 2021, and then fell slightly in the following year.

Dental Drill Engine Production in GCC

In value terms, dental drill engine production amounted to $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Dental Drill Engine Exports

Exports in GCC

After four years of decline, shipments abroad of dental drill engines increased by X% to X units in 2022. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, dental drill engine exports skyrocketed to $X in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The United Arab Emirates dominates exports structure, recording X units, which was approx. X% of total exports in 2022. Kuwait (X units) and Bahrain (X units) took a minor share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the dental drill engines exports, with a CAGR of X% from 2012 to 2022. Bahrain (X%) and Kuwait (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kuwait and Bahrain increased by X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest dental drill engine supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Kuwait (X% per year) and Bahrain (X% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price saw a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced mixed trends in the export price figures.

Dental Drill Engine Imports

Imports in GCC

After two years of growth, purchases abroad of dental drill engines decreased by X% to X units in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then contracted rapidly in the following year.

In value terms, dental drill engine imports fell to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2021, and then reduced in the following year.

Imports by Country

Qatar was the main importing country with an import of around X units, which reached X% of total imports. The United Arab Emirates (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Oman (X%). The following importers - Bahrain (X units) and Kuwait (X units) - each finished at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to dental drill engine imports into Qatar stood at X%. At the same time, Bahrain (X%), Oman (X%), the United Arab Emirates (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. While the share of Qatar (X p.p.), Kuwait (X p.p.) and Bahrain (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Oman (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, the largest dental drill engine importing markets in GCC were the United Arab Emirates ($X), Kuwait ($X) and Qatar ($X), with a combined X% share of total imports. Oman and Bahrain lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Bahrain, with a CAGR of X%, saw the highest growth rate of 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 2022, the import price in GCC amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price, however, showed a deep setback. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform