India: Modelling Pastes Market 2024

Modelling Pastes Market Size in India

For the third consecutive year, the Indian modelling pastes market recorded growth in sales value, which increased by 0.3% to $X in 2021. Overall, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +69.9% against 2015 indices. Modelling pastes consumption peaked in 2021 and is likely to see steady growth in years to come.

Modelling Pastes Production in India

In value terms, modelling pastes production dropped to $X in 2021 estimated in export price. In general, the total production indicated prominent growth 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. Based on 2021 figures, production increased by +2.1% against 2017 indices. The growth pace was the most rapid in 2013 when the production volume increased by 64% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then reduced in the following year.

Modelling Pastes Exports

Exports from India

In 2021, the amount of modelling pastes, dental wax and dental impression compounds exported from India surged to X tons, growing by 127% compared with the previous year. In general, exports saw significant growth. The growth pace was the most rapid in 2014 when exports increased by 998% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, modelling pastes exports soared to $X in 2021. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 194%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for modelling pastes exports from India, accounting for a 32% share of total exports. Moreover, modelling pastes exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. The third position in this ranking was taken by the UK (X tons), with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +57.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+33.6% per year) and the UK (+134.2% per year).

In value terms, the United States ($X) remains the key foreign market for modelling pastes, dental wax and dental impression compounds exports from India, comprising 34% of total exports. The second position in the ranking was held by Canada ($X), with a 6.8% share of total exports. It was followed by the United Arab Emirates, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +48.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+36.7% per year) and the United Arab Emirates (+18.8% per year).

Export Prices by Country

The average modelling pastes export price stood at $X per ton in 2021, falling by -9% against the previous year. Over the period under review, the export price, however, saw a moderate expansion. The pace of growth was the most pronounced in 2013 an increase of 227% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: among the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Argentina ($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 Turkey (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Modelling Pastes Imports

Imports into India

In 2021, imports of modelling pastes, dental wax and dental impression compounds into India skyrocketed to X tons, rising by 90% compared with 2020 figures. In general, imports continue to indicate significant growth. 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. Overall, imports saw strong growth. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Thailand (X tons) and Italy (X tons) were the main suppliers of modelling pastes imports to India, with a combined 95% 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 Thailand (with a CAGR of +37.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Thailand ($X) constituted the largest modelling pastes suppliers to India, together accounting for 70% of total imports.

Among the main suppliers, Thailand, with a CAGR of +32.7%, recorded the highest rates of growth with regard to 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, with a decrease of -3.4% against the previous year. In general, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 an increase of 6.2% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 the United States ($X per ton), while the price for China ($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 United States (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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