Latin America and the Caribbean: Modelling Pastes Market 2024

Modelling Pastes Market Size in Latin America and the Caribbean

In 2021, the Latin American modelling pastes market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption posted a remarkable increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Modelling Pastes Production in Latin America and the Caribbean

In value terms, modelling pastes production dropped slightly to $X in 2021 estimated in export price. Over the period under review, production, however, posted buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 29% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Modelling Pastes Exports

Exports in Latin America and the Caribbean

In 2021, the amount of modelling pastes, dental wax and dental impression compounds exported in Latin America and the Caribbean surged to X tons, increasing by 116% against 2020. Overall, exports showed strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 148%. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, modelling pastes exports surged to $X in 2021. Over the period under review, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 179% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Mexico prevails in exports structure, amounting to X tons, which was near 89% of total exports in 2021. It was distantly followed by Brazil (X tons), making up a 4.7% share of total exports. Colombia (X tons) took a minor share of total exports.

Mexico was also the fastest-growing in terms of the modelling pastes, dental wax and dental impression compounds exports, with a CAGR of +15.3% from 2012 to 2021. At the same time, Colombia (+7.6%) and Brazil (+2.4%) displayed positive paces of growth. From 2012 to 2021, the share of Mexico increased by +21 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest modelling pastes supplier in Latin America and the Caribbean, comprising 90% of total exports. The second position in the ranking was held by Brazil ($X), with a 4.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico amounted to +18.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-2.3% per year) and Colombia (+1.3% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, dropping by -44.7% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 56%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, among the top suppliers, the country with the highest price was Brazil ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+3.0%), while the other leaders experienced a decline in the export price figures.

Modelling Pastes Imports

Imports in Latin America and the Caribbean

In 2021, approx. X tons of modelling pastes, dental wax and dental impression compounds were imported in Latin America and the Caribbean; increasing by 44% against the previous year. Overall, imports enjoyed a buoyant increase. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, modelling pastes imports surged to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.4% against 2018 indices. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Mexico (X tons), distantly followed by Chile (X tons), Brazil (X tons), Argentina (X tons) and Ecuador (X tons) were the major importers of modelling pastes, dental wax and dental impression compounds, together committing 73% of total imports. Peru (X tons), Colombia (X tons), Costa Rica (X tons), Guatemala (X tons), Bolivia (X tons), Paraguay (X tons) and El Salvador (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +16.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest modelling pastes importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Chile ($X), with a combined 59% share of total imports.

In terms of the main importing countries, Brazil, with a CAGR of +11.5%, 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 import price in Latin America and the Caribbean amounted to $X per ton, picking up by 4.2% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 16%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, among the top suppliers, the country with the highest price was Brazil ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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