Luxembourg: Modelling Pastes Market 2024

Modelling Pastes Market Size in Luxembourg

The Luxembourg modelling pastes market soared to $X in 2021, jumping by 34% 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). Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% 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 +30.2% against 2018 indices. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Modelling Pastes Exports

Exports from Luxembourg

Modelling pastes exports from Luxembourg reduced remarkably to X tons in 2021, which is down by -34.8% compared with the year before. Over the period under review, exports recorded a drastic downturn. The growth pace was the most rapid in 2016 with an increase of 69% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, modelling pastes exports dropped to $X in 2021. Overall, exports showed a deep reduction. The pace of growth appeared the most rapid in 2013 with an increase of 46%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Belgium (X kg), Oman (X kg) and France (X kg) were the main destinations of modelling pastes exports from Luxembourg, with a combined 86% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +2,342.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for modelling pastes exported from Luxembourg were Oman ($X), Belgium ($X) and France ($X), with a combined 90% share of total exports.

Among the main countries of destination, Oman, with a CAGR of +1,163.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average modelling pastes export price amounted to $X per ton, rising by 40% against the previous year. In general, the export price, however, continues to indicate a pronounced decline. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, among the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Togo ($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 Cote d'Ivoire (-1.1%), while the prices for the other major destinations experienced a decline.

Modelling Pastes Imports

Imports into Luxembourg

In 2021, approx. X tons of modelling pastes, dental wax and dental impression compounds were imported into Luxembourg; growing by 45% compared with 2020. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by 80%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, modelling pastes imports stood at $X in 2021. In general, imports, however, recorded a abrupt descent. The growth pace was the most rapid in 2014 when imports increased by 16%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of modelling pastes to Luxembourg, with a 52% share of total imports. Moreover, modelling pastes imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Belgium (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to +48.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+18.4% per year) and Belgium (+1.7% per year).

In value terms, the largest modelling pastes suppliers to Luxembourg were Germany ($X), Belgium ($X) and the Netherlands ($X), with a combined 82% share of total imports. France, Poland, Italy and China lagged somewhat behind, together accounting for a further 16%.

In terms of the main suppliers, Poland, with a CAGR of +52.2%, 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

In 2021, the average modelling pastes import price amounted to $X per ton, dropping by -30.7% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the average import price increased by 27% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: among the top suppliers, the country with the highest price was France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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