Greece: Modelling Pastes Market 2024

Modelling Pastes Market Size in Greece

In 2021, the Greek modelling pastes market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -9.3% against 2018 indices. Modelling pastes consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Modelling Pastes Production in Greece

In value terms, modelling pastes production stood at $X in 2021 estimated in export price. In general, production continues to indicate slight growth. The most prominent rate of growth was recorded in 2017 with an increase of 233% against the previous year. Modelling pastes production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Modelling Pastes Exports

Exports from Greece

In 2021, approx. X tons of modelling pastes, dental wax and dental impression compounds were exported from Greece; with an increase of 47% compared with the year before. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 90% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, modelling pastes exports skyrocketed to $X in 2021. Overall, exports showed a significant increase. The growth pace was the most rapid in 2014 when exports increased by 128%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for modelling pastes exports from Greece, with a 47% share of total exports. Moreover, modelling pastes exports to the United States exceeded the volume sent to the second major destination, Romania (X tons), sixfold. The third position in this ranking was taken by Italy (X tons), with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +119.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+49.1% per year) and Italy (+35.7% per year).

In value terms, the United States ($X) remains the key foreign market for modelling pastes, dental wax and dental impression compounds exports from Greece, comprising 62% of total exports. The second position in the ranking was taken by Canada ($X), with a 9.3% share of total exports. It was followed by Italy, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +93.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+100.1% per year) and Italy (+39.4% per year).

Export Prices by Country

In 2021, the average modelling pastes export price amounted to $X per ton, with an increase of 4.9% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 24%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while the average price for exports to Poland ($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 Malaysia (+122.7%), while the prices for the other major destinations experienced more modest paces of growth.

Modelling Pastes Imports

Imports into Greece

Modelling pastes imports into Greece dropped slightly to X tons in 2021, which is down by -2.6% against the previous year's figure. Over the period under review, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +2.1% 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 decreased by -26.8% against 2016 indices. The most prominent rate of growth was recorded in 2016 with an increase of 85%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, modelling pastes imports skyrocketed to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +9.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 67%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

Thailand (X tons), China (X tons) and Spain (X tons) were the main suppliers of modelling pastes imports to Greece, together comprising 64% of total imports. Italy, Turkey, Germany and Malaysia lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +114.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of modelling pastes, dental wax and dental impression compounds to Greece, comprising 36% of total imports. The second position in the ranking was held by Spain ($X), with a 14% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+24.1% per year) and China (+22.2% per year).

Import Prices by Country

In 2021, the average modelling pastes import price amounted to $X per ton, with an increase of 29% against the previous year. In general, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +7.4% 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 import price increased by +45.9% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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