Ireland: Modelling Pastes Market 2024

Modelling Pastes Market Size in Ireland

The Irish modelling pastes market soared to $X in 2021, jumping by 24% 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, however, recorded a resilient increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Modelling Pastes Exports

Exports from Ireland

In 2021, the amount of modelling pastes, dental wax and dental impression compounds exported from Ireland skyrocketed to X tons, increasing by 35% compared with 2020 figures. Over the period under review, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2014 when exports increased by 93% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, modelling pastes exports skyrocketed to $X in 2021. Overall, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of 136% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for modelling pastes exports from Ireland, accounting for a 66% share of total exports. Moreover, modelling pastes exports to the UK exceeded the volume sent to the second major destination, the Netherlands (X tons), eightfold. France (X tons) ranked third in terms of total exports with a 5% share.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-29.7% per year) and France (+20.4% per year).

In value terms, the UK ($X) remains the key foreign market for modelling pastes, dental wax and dental impression compounds exports from Ireland, comprising 53% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total exports. It was followed by France, with a 7% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-14.6% per year) and France (+25.2% per year).

Export Prices by Country

In 2021, the average modelling pastes export price amounted to $X per ton, growing by 54% against the previous year. In general, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +4.7% 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 export price increased by +126.3% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, among the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to the UK ($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 Italy (+46.5%), while the prices for the other major destinations experienced more modest paces of growth.

Modelling Pastes Imports

Imports into Ireland

In 2021, purchases abroad of modelling pastes, dental wax and dental impression compounds increased by 0.7% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports posted a pronounced increase. The growth pace was the most rapid in 2020 when imports increased by 57%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, modelling pastes imports surged to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +35.4% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 51%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

The UK (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of modelling pastes imports to Ireland, together accounting for 88% of total imports. These countries were followed by Denmark, which accounted for a further 2.3%.

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 +18.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest modelling pastes suppliers to Ireland were the UK ($X), China ($X) and the Netherlands ($X), with a combined 78% share of total imports.

The Netherlands, with a CAGR of +18.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, rising by 49% against the previous year. In general, import price indicated temperate growth from 2012 to 2021: its price 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. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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 Netherlands ($X per ton), while the price for Denmark ($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 UK (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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