Europe: Modelling Pastes Market 2024

Modelling Pastes Market Size in Europe

In 2021, the Europe 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, however, saw a abrupt shrinkage. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Modelling Pastes Production in Europe

In value terms, modelling pastes production surged to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 20% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Modelling Pastes Exports

Exports in Europe

In 2021, exports of modelling pastes, dental wax and dental impression compounds in Europe skyrocketed to X tons, increasing by 17% compared with the previous year. Total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +45.6% against 2014 indices. The pace of growth was the most pronounced in 2014 when exports increased by 21%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, modelling pastes exports soared to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X tons), Italy (X tons), Sweden (X tons) and the Netherlands (X tons) was the key exporter of modelling pastes, dental wax and dental impression compounds in Europe, mixing up 65% of total export. It was distantly followed by Belgium (X tons), creating a 5.8% share of total exports. The following exporters - Spain (X tons), Russia (X tons), France (X tons), Portugal (X tons), Switzerland (X tons), the Czech Republic (X tons), Poland (X tons) and Belarus (X tons) - together made up 22% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belarus (with a CAGR of +46.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest modelling pastes supplier in Europe, comprising 39% of total exports. The second position in the ranking was taken by Italy ($X), with an 18% share of total exports. It was followed by the Netherlands, with a 12% share.

In Germany, modelling pastes exports increased at an average annual rate of +2.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+17.5% per year) and the Netherlands (+12.3% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, surging by 12% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+26.8%), while the other leaders experienced more modest paces of growth.

Modelling Pastes Imports

Imports in Europe

In 2021, approx. X tons of modelling pastes, dental wax and dental impression compounds were imported in Europe; jumping by 19% against 2020 figures. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine years. 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.

In value terms, modelling pastes imports soared to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Germany (X tons), Russia (X tons), Spain (X tons), the UK (X tons) and the Netherlands (X tons) represented roughly 58% of total imports in 2021. It was distantly followed by Poland (X tons), creating a 5% share of total imports. Hungary (X tons), Italy (X tons), Denmark (X tons), Belgium (X tons), Ukraine (X tons) and Romania (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Hungary (with a CAGR of +24.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest modelling pastes importing markets in Europe were Germany ($X), the Netherlands ($X) and Russia ($X), with a combined 38% share of total imports. France, the UK, Italy, Spain, Poland, Belgium, Denmark, Hungary, Romania and Ukraine lagged somewhat behind, together comprising a further 44%.

In terms of the main importing countries, Hungary, with a CAGR of +21.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, surging by 16% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 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 the Netherlands ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+18.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform