Hong Kong SAR, China: Dental Drill Engine Market 2024

Dental Drill Engine Market Size in Hong Kong SAR, China

In 2022, the Hong Kong dental drill engine market decreased by X% to $X for the first time since 2015, thus ending a six-year rising trend. Overall, consumption continues to indicate a abrupt setback. As a result, consumption attained the peak level of $X, and then contracted markedly in the following year.

Dental Drill Engine Production in Hong Kong SAR, China

In value terms, dental drill engine production fell notably to $X in 2022 estimated in export price. Overall, production showed a noticeable contraction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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Dental Drill Engine Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of dental drill engines decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X units, and then plummeted in the following year.

In value terms, dental drill engine exports declined notably to $X in 2022. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then declined notably in the following year.

Exports by Country

China (X units) was the main destination for dental drill engine exports from Hong Kong SAR, with a X% share of total exports. Moreover, dental drill engine exports to China exceeded the volume sent to the second major destination, Japan (X units), eightfold. The third position in this ranking was held by South Korea (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and South Korea (X% per year).

In value terms, China ($X) remains the key foreign market for dental drill engines exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Japan (X% per year).

Export Prices by Country

The average dental drill engine export price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a pronounced descent. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Japan ($X 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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Drill Engine Imports

Imports into Hong Kong SAR, China

In 2022, after three years of growth, there was significant decline in overseas purchases of dental drill engines, when their volume decreased by X% to X units. In general, imports saw a abrupt decline. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then declined remarkably in the following year.

In value terms, dental drill engine imports declined notably to $X in 2022. Overall, imports recorded a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

The Netherlands (X units), China (X units) and the United States (X units) were the main suppliers of dental drill engine imports to Hong Kong SAR, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of dental drill engines to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average dental drill engine import price stood at $X per unit in 2022, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform