Hungary: Modelling Pastes Market 2024

Modelling Pastes Market Size in Hungary

The Hungarian modelling pastes market surged to $X in 2021, jumping by 165% against the previous year. Over the period under review, consumption posted a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Modelling Pastes Production in Hungary

In value terms, modelling pastes production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 21%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Modelling Pastes Exports

Exports from Hungary

In 2021, approx. X tons of modelling pastes, dental wax and dental impression compounds were exported from Hungary; increasing by 126% on the previous year. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 373% against the previous year. Over the period under review, the exports reached the maximum 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 continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 374%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in years to come.

Exports by Country

Romania (X tons) was the main destination for modelling pastes exports from Hungary, with a 42% share of total exports. Moreover, modelling pastes exports to Romania exceeded the volume sent to the second major destination, Croatia (X tons), twofold. Slovakia (X tons) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume to Romania totaled +43.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+88.7% per year) and Slovakia (+37.4% per year).

In value terms, the largest markets for modelling pastes exported from Hungary were Romania ($X), Croatia ($X) and Slovakia ($X), with a combined 62% share of total exports. These countries were followed by Italy, Bulgaria, Serbia and Slovenia, which together accounted for a further 20%.

In terms of the main countries of destination, Bulgaria, with a CAGR of +147.0%, recorded 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

The average modelling pastes export price stood at $X per ton in 2021, which is down by -17.5% against the previous year. In general, the export price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 25%. Over the period under review, the average export prices reached the maximum 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 Italy ($X per ton), while the average price for exports to Serbia ($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 Slovakia (-1.1%), while the prices for the other major destinations experienced a decline.

Modelling Pastes Imports

Imports into Hungary

For the seventh year in a row, Hungary recorded growth in supplies from abroad of modelling pastes, dental wax and dental impression compounds, which increased by 163% to X tons in 2021. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, modelling pastes imports surged to $X in 2021. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of modelling pastes to Hungary, with a 52% share of total imports. Moreover, modelling pastes imports from Poland exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Poland amounted to +114.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+34.2% per year) and the Netherlands (+57.2% per year).

In value terms, China ($X), Poland ($X) and the Netherlands ($X) constituted the largest modelling pastes suppliers to Hungary, together comprising 81% of total imports.

In terms of the main suppliers, Poland, with a CAGR of +95.9%, 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 average modelling pastes import price amounted to $X per ton, dropping by -6% against the previous year. Over the period under review, the import price recorded a noticeable descent. The pace of growth was the most pronounced in 2014 an increase of 22%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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