Mexico: Modelling Pastes Market 2024

Modelling Pastes Market Size in Mexico

In 2021, the Mexican modelling pastes market decreased by -10.8% to $X, falling for the third consecutive year after four years of growth. Over the period under review, consumption, however, showed a resilient expansion. Modelling pastes consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Modelling Pastes Production in Mexico

In value terms, modelling pastes production shrank modestly to $X in 2021 estimated in export price. Overall, production, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 33%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Modelling Pastes Exports

Exports from Mexico

In 2021, shipments abroad of modelling pastes, dental wax and dental impression compounds increased by 139% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2014 with an increase of 224% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, modelling pastes exports skyrocketed to $X in 2021. In general, exports posted a resilient expansion. The growth pace was the most rapid in 2014 when exports increased by 343%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for modelling pastes exports from Mexico, accounting for a 85% share of total exports. Moreover, modelling pastes exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), more than tenfold. The third position in this ranking was held by El Salvador (X tons), with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +33.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+10.6% per year) and El Salvador (+4.7% per year).

In value terms, the United States ($X) remains the key foreign market for modelling pastes, dental wax and dental impression compounds exports from Mexico, comprising 93% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 2.2% share of total exports. It was followed by Honduras, with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +25.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+11.9% per year) and Honduras (+4.1% per year).

Export Prices by Country

The average modelling pastes export price stood at $X per ton in 2021, falling by -49.4% against the previous year. In general, the export price, however, showed a temperate expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 99%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

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 the United States ($X per ton), while the average price for exports to El Salvador ($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 Honduras (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Modelling Pastes Imports

Imports into Mexico

Modelling pastes imports into Mexico skyrocketed to X tons in 2021, increasing by 83% compared with the previous year. In general, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, modelling pastes imports rose remarkably to $X in 2021. Overall, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 44%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United States (X tons) and Sweden (X tons) were the main suppliers of modelling pastes imports to Mexico, together comprising 92% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +12.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), the United States ($X) and Sweden ($X) constituted the largest modelling pastes suppliers to Mexico, together comprising 78% of total imports.

The United States, with a CAGR of +8.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, declining by -38.8% against the previous year. Overall, the import price showed a pronounced downturn. The pace of growth was the most pronounced in 2015 an increase of 87% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: among the top suppliers, the country with the highest price was Italy ($X per ton), while the price for Sweden ($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 Netherlands (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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