Croatia: Modelling Pastes Market 2024

Modelling Pastes Market Size in Croatia

After two years of decline, the Croatian modelling pastes market increased by 26% to $X in 2021. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Modelling Pastes Production in Croatia

In value terms, modelling pastes production expanded rapidly to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 75% against the previous year. Modelling pastes production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Modelling Pastes Exports

Exports from Croatia

In 2021, approx. X tons of modelling pastes, dental wax and dental impression compounds were exported from Croatia; increasing by 71% on 2020 figures. In general, exports recorded strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, modelling pastes exports skyrocketed to $X in 2021. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X tons), Bosnia and Herzegovina (X tons) and Italy (X tons) were the main destinations of modelling pastes exports from Croatia, with a combined 79% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +164.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for modelling pastes, dental wax and dental impression compounds exports from Croatia, comprising 36% of total exports. The second position in the ranking was taken by Slovenia ($X), with a 15% share of total exports. It was followed by Iran, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Italy amounted to +79.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+13.7% per year) and Iran (0.0% per year).

Export Prices by Country

The average modelling pastes export price stood at $X per ton in 2021, rising by 7.6% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.7% 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 increased by +29.3% against 2014 indices. The most prominent rate of growth was recorded in 2014 an increase of 47%. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: among the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Hungary ($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 North Macedonia (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Modelling Pastes Imports

Imports into Croatia

In 2021, modelling pastes imports into Croatia skyrocketed to X tons, jumping by 26% on the year before. In general, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.8% 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 +6.4% against 2018 indices. The growth pace was the most rapid in 2013 when imports increased by 36%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, modelling pastes imports skyrocketed to $X in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Hungary (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of modelling pastes imports to Croatia, with a combined 64% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +63.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of modelling pastes, dental wax and dental impression compounds to Croatia, comprising 39% of total imports. The second position in the ranking was taken by Slovenia ($X), with a 14% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+15.1% per year) and Italy (+12.8% per year).

Import Prices by Country

The average modelling pastes import price stood at $X per ton in 2021, with an increase of 13% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 25%. The import price peaked at $X per ton in 2019; however, from 2020 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, among the top suppliers, 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 Slovenia (+15.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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