Updated Sep 20, 2022 09:08

Dental Drill Engine Market in Morocco

Market Overview
In , after three years of growth, there was significant decline in the Moroccan dental drill engine market, when its value decreased by -% to $. Overall, consumption, however, saw a strong increase. As a result, consumption attained the peak level of $, and then contracted dramatically in the following year.


Consumption
In , consumption of dental drill engines decreased by -% to units, falling for the second consecutive year after three years of growth. In general, consumption, however, recorded a strong expansion. As a result, consumption attained the peak volume of units. From to , the growth of the consumption remained at a somewhat lower figure.

The value of the dental drill engine market in Morocco shrank modestly to $ in , reducing by -% 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). Over the period under review, consumption, however, continues to indicate a remarkable increase. As a result, consumption attained the peak level of $. From to , the growth of the market remained at a lower figure.


Market Forecast
The dental drill engine market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to units by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Dental drill engine market in Morocco consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Morocco remains a net importer of dental drill engine; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.