CIS: Modelling Pastes Market 2024

Modelling Pastes Market Size in CIS

In 2021, the CIS modelling pastes market increased by 4.3% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Modelling Pastes Production in CIS

In value terms, modelling pastes production totaled $X in 2021 estimated in export price. The total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -23.1% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 35% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Modelling Pastes Exports

Exports in CIS

For the sixth consecutive year, the CIS recorded growth in shipments abroad of modelling pastes, dental wax and dental impression compounds, which increased by 22% to X tons in 2021. Over the period under review, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2016 when exports increased by 38%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, modelling pastes exports surged to $X in 2021. Overall, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 45% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Russia (X tons) was the key exporter of modelling pastes, dental wax and dental impression compounds, mixing up 66% of total exports. It was distantly followed by Belarus (X tons), generating a 33% 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 Belarus (with a CAGR of +46.1%).

In value terms, Russia ($X) remains the largest modelling pastes supplier in the CIS, comprising 73% of total exports. The second position in the ranking was held by Belarus ($X), with a 25% share of total exports.

In Russia, modelling pastes exports increased at an average annual rate of +10.7% over the period from 2012-2021.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, which is down by -3.6% against the previous year. Overall, the export price recorded a pronounced descent. The growth pace was the most rapid in 2013 an increase of 29% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-0.3%).

Modelling Pastes Imports

Imports in CIS

In 2021, approx. X tons of modelling pastes, dental wax and dental impression compounds were imported in the CIS; leveling off at the previous year's figure. In general, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 60%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, modelling pastes imports skyrocketed to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% 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 +99.3% against 2015 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 41% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

Russia was the major importing country with an import of around X tons, which recorded 63% of total imports. Kazakhstan (X tons) ranks second in terms of the total imports with a 14% share, followed by Belarus (11%). Azerbaijan (X tons), Uzbekistan (X tons), Moldova (X tons) and Armenia (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to modelling pastes imports into Russia stood at +3.5%. At the same time, Azerbaijan (+37.8%), Uzbekistan (+20.8%), Belarus (+14.4%), Armenia (+12.7%), Kazakhstan (+12.7%) and Moldova (+11.4%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +37.8% from 2012-2021. Kazakhstan (+5.7 p.p.), Belarus (+5.1 p.p.), Azerbaijan (+3.6 p.p.) and Uzbekistan (+3.2 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -18.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported modelling pastes, dental wax and dental impression compounds in the CIS, comprising 75% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with an 11% share of total imports. It was followed by Belarus, with a 6.1% share.

In Russia, modelling pastes imports increased at an average annual rate of +4.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+13.0% per year) and Belarus (+6.3% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, surging by 20% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, among the top suppliers, the country with the highest price was Russia ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+15.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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