Iran: Modelling Pastes Market 2024

Modelling Pastes Market Size in Iran

The Iranian modelling pastes market soared to $X in 2021, jumping by 125% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Modelling Pastes Exports

Exports from Iran

In 2021, shipments abroad of modelling pastes, dental wax and dental impression compounds decreased by -81.2% to X kg for the first time since 2018, thus ending a two-year rising trend. In general, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2015 when exports increased by 562% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, modelling pastes exports shrank sharply to $X in 2021. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 425%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kenya (X kg) was the main destination for modelling pastes exports from Iran, accounting for a 57% share of total exports. Moreover, modelling pastes exports to Kenya exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), twofold. Armenia (X kg) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kenya totaled -16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-10.1% per year) and Armenia (+33.9% per year).

In value terms, Kenya ($X) remains the key foreign market for modelling pastes, dental wax and dental impression compounds exports from Iran, comprising 81% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 12% share of total exports. It was followed by Turkey, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value to Kenya amounted to -10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-15.2% per year) and Turkey (+0.5% per year).

Export Prices by Country

In 2021, the average modelling pastes export price amounted to $X per ton, with an increase of 101% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Kenya ($X per ton), while the average price for exports to Georgia ($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 Kenya (+7.7%), while the prices for the other major destinations experienced mixed trend patterns.

Modelling Pastes Imports

Imports into Iran

In 2021, approx. X tons of modelling pastes, dental wax and dental impression compounds were imported into Iran; growing by 113% on 2020 figures. Over the period under review, imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 124% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, modelling pastes imports soared to $X in 2021. Overall, imports showed a buoyant increase. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the UK (X tons) and Switzerland (X tons) were the main suppliers of modelling pastes imports to Iran, with a combined 44% share of total imports. These countries were followed by Thailand, Turkey, Italy, the United Arab Emirates, Germany and Belgium, which together accounted for a further 25%.

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 +50.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), China ($X) and the United Arab Emirates ($X) appeared to be the largest modelling pastes suppliers to Iran, together comprising 49% of total imports. These countries were followed by Germany, Italy, Turkey, the UK, Belgium and Thailand, which together accounted for a further 19%.

In terms of the main suppliers, Thailand, with a CAGR of +40.9%, 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

The average modelling pastes import price stood at $X per ton in 2021, increasing by 7.5% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a 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 ($X per ton), while the price for the UK ($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 (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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