The projected import values of dental drill engines to the Philippines are showing a consistent year-on-year decline from 2024 to 2028, starting at 4.87 thousand kilograms in 2024 and decreasing to 3.74 thousand kilograms by 2028. Comparing to 2023, the base year, we see a consistent reduction averaging 5%-8% annually over each subsequent year.
Year-on-year variations are expected to be:
- 2024-2025: -5.96%
- 2025-2026: -6.33%
- 2026-2027: -6.52%
- 2027-2028: -6.74%
The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is anticipated to be around -6.41%, reflecting an overall downward trend for the import volume of dental drill engines into the country.
Key future trends to watch for include technological advancements within the dental industry leading to increased product lifespan and possible local production increases which might further reduce dependency on imports. Additionally, healthcare policies aiming at dental care improvements could alter future projections.
