Canada: Modelling Pastes Market 2024

Modelling Pastes Market Size in Canada

In 2021, the Canadian modelling pastes market increased by 16% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption showed a pronounced expansion. Modelling pastes consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Modelling Pastes Production in Canada

In value terms, modelling pastes production surged to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. Modelling pastes production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Modelling Pastes Exports

Exports from Canada

After two years of growth, overseas shipments of modelling pastes, dental wax and dental impression compounds decreased by -1% to X tons in 2021. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 17% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, modelling pastes exports skyrocketed to $X in 2021. Overall, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +76.4% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for modelling pastes exports from Canada, accounting for a 89% share of total exports. It was followed by Germany (X tons), with a 2.4% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +3.1%.

In value terms, the United States ($X) remains the key foreign market for modelling pastes, dental wax and dental impression compounds exports from Canada, comprising 89% of total exports. The second position in the ranking was taken by Germany ($X), with a 2.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +7.6%.

Export Prices by Country

The average modelling pastes export price stood at $X per ton in 2021, with an increase of 30% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of 34% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major external markets. In 2021, among the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.4%).

Modelling Pastes Imports

Imports into Canada

In 2021, approx. X tons of modelling pastes, dental wax and dental impression compounds were imported into Canada; dropping by -3.8% against the year before. In general, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 285% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then reduced in the following year.

In value terms, modelling pastes imports surged to $X in 2021. The total import value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of modelling pastes imports to Canada, together comprising 72% of total imports. Thailand, Sweden, Italy and Mexico lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +50.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest modelling pastes suppliers to Canada were the United States ($X), Germany ($X) and China ($X), together accounting for 76% of total imports. These countries were followed by Italy, Sweden, Thailand and Mexico, which together accounted for a further 10%.

Sweden, with a CAGR of +50.2%, 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

In 2021, the average modelling pastes import price amounted to $X per ton, surging by 26% against the previous year. In general, the import price, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 183%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: among the top suppliers, the country with the highest price was Italy ($X per ton), while the price for Thailand ($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 (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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