MENA: Modelling Pastes Market 2024

Modelling Pastes Market Size in MENA

In 2021, after two years of growth, there was decline in the MENA's modelling pastes market, when its value decreased by -4.3% to $X. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020, and then contracted slightly in the following year.

Modelling Pastes Production in MENA

In value terms, modelling pastes production fell to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2015 when the production volume increased by 45% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Modelling Pastes Exports

Exports in MENA

In 2021, approx. X tons of modelling pastes, dental wax and dental impression compounds were exported in MENA; jumping by 66% compared with the year before. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 110%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, modelling pastes exports skyrocketed to $X in 2021. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey dominates exports structure, reaching X tons, which was approx. 94% of total exports in 2021. Jordan (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the modelling pastes, dental wax and dental impression compounds exports, with a CAGR of +54.9% from 2012 to 2021. At the same time, Jordan (+10.5%) displayed positive paces of growth. Turkey (+55 p.p.) significantly strengthened its position in terms of the total exports, while Jordan saw its share reduced by -23.2% from 2012 to 2021, respectively.

In value terms, Turkey ($X) remains the largest modelling pastes supplier in MENA, comprising 91% of total exports. The second position in the ranking was taken by Jordan ($X), with a 2.1% share of total exports.

In Turkey, modelling pastes exports expanded at an average annual rate of +40.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, increasing by 19% against the previous year. Overall, the export price, however, continues to indicate a deep downturn. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+2.7%).

Modelling Pastes Imports

Imports in MENA

Modelling pastes imports surged to X tons in 2021, increasing by 31% against the previous year's figure. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 38%. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, modelling pastes imports soared to $X in 2021. The total import value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Iraq (X tons), followed by Saudi Arabia (X tons), the United Arab Emirates (X tons), Israel (X tons), Turkey (X tons), Iran (X tons) and Algeria (X tons) were the key importers of modelling pastes, dental wax and dental impression compounds, together achieving 78% of total imports. Morocco (X tons), Jordan (X tons), Lebanon (X tons), Egypt (X tons) and Yemen (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iraq (with a CAGR of +32.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Turkey ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 48% share of total imports.

Iraq, with a CAGR of +39.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 MENA amounted to $X per ton, growing by 6.7% against the previous year. Over the period under review, the import price, however, continues to indicate a slight descent. The growth pace was the most rapid in 2016 when the import price increased by 8.3% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: among the top suppliers, the country with the highest price was Turkey ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform