Finland: Modelling Pastes Market 2024

Modelling Pastes Market Size in Finland

The Finnish modelling pastes market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Modelling Pastes Exports

Exports from Finland

In 2021, shipments abroad of modelling pastes, dental wax and dental impression compounds was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 68%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, modelling pastes exports soared to $X in 2021. The total export value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 36%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons), Norway (X tons) and Poland (X tons) were the main destinations of modelling pastes exports from Finland, together accounting for 76% of total exports. These countries were followed by Russia, Denmark, Estonia and Lithuania, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +56.5%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Norway ($X) and Russia ($X) constituted the largest markets for modelling pastes exported from Finland worldwide, with a combined 85% share of total exports.

Among the main countries of destination, Russia, with a CAGR of +78.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average modelling pastes export price amounted to $X per ton, surging by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2019 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, among the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Poland ($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 Estonia (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Modelling Pastes Imports

Imports into Finland

In 2021, after two years of decline, there was significant growth in overseas purchases of modelling pastes, dental wax and dental impression compounds, when their volume increased by 5.8% to X tons. Overall, imports, however, showed a slight reduction. The pace of growth was the most pronounced in 2018 when imports increased by 17% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, modelling pastes imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Sweden (X tons) and Denmark (X tons) were the main suppliers of modelling pastes imports to Finland, with a combined 58% 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 Denmark (with a CAGR of +52.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of modelling pastes, dental wax and dental impression compounds to Finland, comprising 38% of total imports. The second position in the ranking was held by Sweden ($X), with a 17% share of total imports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+3.0% per year) and the Netherlands (+16.2% per year).

Import Prices by Country

The average modelling pastes import price stood at $X per ton in 2021, surging by 25% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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 Belgium (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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