Morocco: Modelling Pastes Market 2024

Modelling Pastes Market Size in Morocco

The Moroccan modelling pastes market surged to $X in 2021, rising by 28% 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). Overall, consumption continues to indicate buoyant growth. Modelling pastes consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Modelling Pastes Exports

Exports from Morocco

In 2021, shipments abroad of modelling pastes, dental wax and dental impression compounds decreased by -29.2% to X tons, falling for the fourth year in a row after three years of growth. In general, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 399%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, modelling pastes exports fell markedly to $X in 2021. Overall, exports, however, recorded temperate growth. The most prominent rate of growth was recorded in 2017 with an increase of 293% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X kg) was the main destination for modelling pastes exports from Morocco, with a 63% share of total exports. Moreover, modelling pastes exports to Italy exceeded the volume sent to the second major destination, Mauritania (X kg), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy totaled -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (-26.3% per year) and Cote d'Ivoire (-4.2% per year).

In value terms, Italy ($X) remains the key foreign market for modelling pastes, dental wax and dental impression compounds exports from Morocco, comprising 79% of total exports. The second position in the ranking was held by Mauritania ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Italy totaled -8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (-18.7% per year) and Cote d'Ivoire (-14.5% per year).

Export Prices by Country

In 2021, the average modelling pastes export price amounted to $X per ton, with a decrease of -45.1% against the previous year. In general, the export price recorded a pronounced setback. The growth pace was the most rapid in 2015 an increase of 62%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to Mauritania ($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 Mauritania (+10.3%), while the prices for the other major destinations experienced a decline.

Modelling Pastes Imports

Imports into Morocco

In 2021, imports of modelling pastes, dental wax and dental impression compounds into Morocco was estimated at X tons, remaining constant against 2020. Over the period under review, imports showed a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 46% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, modelling pastes imports surged to $X in 2021. Overall, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest modelling pastes supplier to Morocco, with a 42% share of total imports. Moreover, modelling pastes imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by Turkey (X tons), with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.8% per year) and Turkey (+67.5% per year).

In value terms, the largest modelling pastes suppliers to Morocco were Italy ($X), China ($X) and Turkey ($X), together comprising 72% of total imports.

Turkey, with a CAGR of +63.0%, saw the highest rates of growth with regard to the value of imports, in terms of 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, growing by 40% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Jordan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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