Belgium: Modelling Pastes Market 2024

Modelling Pastes Market Size in Belgium

In 2021, the Belgian modelling pastes market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption posted a measured expansion. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Modelling Pastes Production in Belgium

In value terms, modelling pastes production expanded notably to $X in 2021 estimated in export price. Over the period under review, the total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -33.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 83% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Modelling Pastes Exports

Exports from Belgium

After four years of growth, shipments abroad of modelling pastes, dental wax and dental impression compounds decreased by -14.2% to X tons in 2021. In general, exports, however, continue to indicate tangible growth. The most prominent rate of growth was recorded in 2019 with an increase of 117% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020, and then dropped in the following year.

In value terms, modelling pastes exports declined to $X in 2021. Overall, exports, however, continue to indicate a measured expansion. The pace of growth was the most pronounced in 2019 with an increase of 64%. Over the period under review, the exports hit record highs at $X in 2020, and then contracted in the following year.

Exports by Country

The United States (X tons), France (X tons) and Russia (X tons) were the main destinations of modelling pastes exports from Belgium, together accounting for 73% of total exports. Germany, Turkey, Denmark, Sweden, the Netherlands and Italy lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +29.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for modelling pastes, dental wax and dental impression compounds exports from Belgium, comprising 37% of total exports. The second position in the ranking was taken by France ($X), with a 17% share of total exports. It was followed by Germany, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +33.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-3.4% per year) and Germany (-5.1% per year).

Export Prices by Country

The average modelling pastes export price stood at $X per ton in 2021, with an increase of 11% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 38%. The export price peaked at $X per ton in 2016; however, from 2017 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 Italy ($X per ton), while the average price for exports to Denmark ($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 Italy (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Modelling Pastes Imports

Imports into Belgium

In 2021, the amount of modelling pastes, dental wax and dental impression compounds imported into Belgium fell notably to X tons, waning by -19.3% on the year before. In general, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 151% against the previous year. As a result, imports attained the peak of X tons, and then dropped markedly in the following year.

In value terms, modelling pastes imports soared to $X in 2021. Over the period under review, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.6% 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 +70.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of modelling pastes imports to Belgium, together comprising 88% of total imports. The United States, Japan and France lagged somewhat behind, together accounting for a further 8.6%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +15.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and China ($X) constituted the largest modelling pastes suppliers to Belgium, with a combined 68% share of total imports. Japan, the United States and France lagged somewhat behind, together comprising a further 28%.

The United States, with a CAGR of +13.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average modelling pastes import price amounted to $X per ton, growing by 65% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 108%. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices stood 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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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