Australia and Oceania: Modelling Pastes Market 2024

Modelling Pastes Market Size in Australia and Oceania

For the tenth year in a row, the modelling pastes market in Australia and Oceania recorded growth in sales value, which increased by 10% to $X in 2021. In general, consumption posted a prominent expansion. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in years to come.

Modelling Pastes Production in Australia and Oceania

In value terms, modelling pastes production rose rapidly to $X in 2021 estimated in export price. Overall, production posted a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 44% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Modelling Pastes Exports

Exports in Australia and Oceania

In 2021, modelling pastes exports in Australia and Oceania fell slightly to X tons, which is down by -4.9% on 2020 figures. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2018 when exports increased by 162%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, modelling pastes exports surged to $X in 2021. Over the period under review, exports showed a noticeable contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 285%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Australia represented the key exporter of modelling pastes, dental wax and dental impression compounds in Australia and Oceania, with the volume of exports amounting to X tons, which was near 63% of total exports in 2021. It was distantly followed by New Zealand (X tons), constituting a 36% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by New Zealand (with a CAGR of +10.3%).

In value terms, Australia ($X) emerged as the largest modelling pastes supplier in Australia and Oceania, comprising 68% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 32% share of total exports.

In Australia, modelling pastes exports plunged by an average annual rate of -4.5% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, rising by 89% against the previous year. Export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, modelling pastes export price decreased by -22.1% against 2018 indices. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, among the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+5.9%).

Modelling Pastes Imports

Imports in Australia and Oceania

In 2021, supplies from abroad of modelling pastes, dental wax and dental impression compounds increased by 6.2% to X tons, rising for the fourth year in a row after two years of decline. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +67.5% against 2017 indices. The growth pace was the most rapid in 2015 with an increase of 35%. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, modelling pastes imports rose significantly to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +77.9% against 2013 indices. The pace of growth appeared the most rapid in 2020 with an increase of 17%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Australia represented the largest importer of modelling pastes, dental wax and dental impression compounds in Australia and Oceania, with the volume of imports accounting for X tons, which was near 85% of total imports in 2021. It was distantly followed by New Zealand (X tons), mixing up a 13% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to modelling pastes imports into Australia stood at +7.8%. At the same time, New Zealand (+14.8%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +14.8% from 2012-2021. From 2012 to 2021, the share of New Zealand increased by +5.6 percentage points.

In value terms, Australia ($X) constitutes the largest market for imported modelling pastes, dental wax and dental impression compounds in Australia and Oceania, comprising 89% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 10% share of total imports.

In Australia, modelling pastes imports expanded at an average annual rate of +6.0% over the period from 2012-2021.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, growing by 6.5% against the previous year. Over the period under review, the import price, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2016 an increase of 21%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, among the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-1.6%).

Source: IndexBox Platform

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