Australia: Modelling Pastes Market 2024

Modelling Pastes Market Size in Australia

The Australian modelling pastes market rose notably to $X in 2021, surging by 11% 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). Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +87.9% against 2013 indices. Modelling pastes consumption peaked in 2021 and is expected to retain growth in the near future.

Modelling Pastes Exports

Exports from Australia

Modelling pastes exports from Australia reached X tons in 2021, picking up by 5% against the previous year's figure. In general, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 244% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, modelling pastes exports skyrocketed to $X in 2021. Overall, exports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2018 with an increase of 359%. 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

New Zealand (X tons), Vietnam (X tons) and China (X tons) were the main destinations of modelling pastes exports from Australia, together comprising 61% of total exports. The United Arab Emirates, Malaysia, the United States, Samoa and Fiji lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +152.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), New Zealand ($X) and Vietnam ($X) were the largest markets for modelling pastes exported from Australia worldwide, with a combined 82% share of total exports. Malaysia, the United States, Fiji, China and Samoa lagged somewhat behind, together accounting for a further 17%.

Malaysia, with a CAGR of +186.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average modelling pastes export price stood at $X per ton in 2021, jumping by 164% against the previous year. In general, the export price enjoyed a remarkable increase. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Fiji ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+55.7%), while the prices for the other major destinations experienced more modest paces of growth.

Modelling Pastes Imports

Imports into Australia

In 2021, supplies from abroad of modelling pastes, dental wax and dental impression compounds increased by 2.8% to X tons, rising for the fourth year in a row after two years of decline. Overall, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +7.8% 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 +68.8% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 39%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, modelling pastes imports reached $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.0% 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 +90.7% against 2013 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 21% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of modelling pastes to Australia, accounting for a 61% share of total imports. Moreover, modelling pastes imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. The third position in this ranking was taken by Italy (X tons), with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.2% per year) and Italy (+10.0% per year).

In value terms, the largest modelling pastes suppliers to Australia were China ($X), Germany ($X) and the United States ($X), together accounting for 72% of total imports. Italy, Mexico, Thailand, Spain and Sweden lagged somewhat behind, together accounting for a further 9.8%.

Mexico, with a CAGR of +25.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average modelling pastes import price stood at $X per ton in 2021, growing by 10% against the previous year. Over the period under review, the import price, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 28%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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