Israel: Modelling Pastes Market 2024

Modelling Pastes Market Size in Israel

In 2021, the Israeli modelling pastes market increased by 34% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +51.5% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Modelling Pastes Exports

Exports from Israel

In 2021, approx. X tons of modelling pastes, dental wax and dental impression compounds were exported from Israel; with an increase of 423% compared with 2020 figures. Overall, exports posted a significant increase. The growth pace was the most rapid in 2019 when exports increased by 2,846%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, modelling pastes exports skyrocketed to $X in 2021. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 2,375% against the previous year. The exports peaked 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 Israel, with a 74% share of total exports. Moreover, modelling pastes exports to the United States exceeded the volume sent to the second major destination, France (X tons), sixfold. The third position in this ranking was held by Finland (X tons), with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +24.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+75.6% per year) and Finland (+15.7% per year).

In value terms, the United States ($X) emerged as the key foreign market for modelling pastes, dental wax and dental impression compounds exports from Israel, comprising 74% of total exports. The second position in the ranking was held by France ($X), with a 12% share of total exports. It was followed by Finland, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +33.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+94.2% per year) and Finland (+28.0% per year).

Export Prices by Country

The average modelling pastes export price stood at $X per ton in 2021, with an increase of 9.3% against the previous year. In general, the export price saw temperate growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 61%. The export price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2021, among the top suppliers, the countries with the highest prices were Hong Kong SAR ($X per ton) and Canada ($X per ton), while the average price for exports to Singapore ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Modelling Pastes Imports

Imports into Israel

In 2021, imports of modelling pastes, dental wax and dental impression compounds into Israel skyrocketed to X tons, increasing by 70% compared with 2020 figures. Over the period under review, imports saw a buoyant expansion. 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. The total import value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 24%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Thailand (X tons) were the main suppliers of modelling pastes imports to Israel, together comprising 66% of total imports. These countries were followed by the United States, Turkey, Italy, the UK and Japan, which together accounted for a further 27%.

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 +34.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest modelling pastes suppliers to Israel were China ($X), Germany ($X) and Thailand ($X), with a combined 68% share of total imports. The United States, Turkey, Italy, the UK and Japan lagged somewhat behind, together comprising a further 26%.

In terms of the main suppliers, Turkey, with a CAGR of +33.3%, 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

The average modelling pastes import price stood at $X per ton in 2021, which is down by -29.3% against the previous year. In general, the import price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2014 an increase of 46% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, among the top suppliers, the countries with the highest prices were Thailand ($X per ton) and Japan ($X per ton), while the price for the UK ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+39.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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