Northern America: Modelling Pastes Market 2024

Modelling Pastes Market Size in Northern America

The North American modelling pastes market was finally on the rise to reach $X in 2021, after three years of decline. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Modelling Pastes Production in Northern America

In value terms, modelling pastes production skyrocketed to $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep slump. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Modelling Pastes Exports

Exports in Northern America

In 2021, modelling pastes exports in Northern America skyrocketed to X tons, growing by 27% compared with the previous year's figure. The total export volume increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 35% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, modelling pastes exports surged to $X in 2021. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States dominates exports structure, resulting at X tons, which was approx. 94% of total exports in 2021. It was distantly followed by Canada (X tons), creating a 6.2% share of total exports.

Exports from the United States increased at an average annual rate of +2.0% from 2012 to 2021. At the same time, Canada (+3.0%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +3.0% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest modelling pastes supplier in Northern America, comprising 92% of total exports. The second position in the ranking was taken by Canada ($X), with a 7.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +2.8%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, with an increase of 4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2018 when the export price increased by 22% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices remained 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 Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+4.3%).

Modelling Pastes Imports

Imports in Northern America

For the fourth year in a row, Northern America recorded growth in supplies from abroad of modelling pastes, dental wax and dental impression compounds, which increased by 21% to X tons in 2021. Overall, imports saw a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by 52%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, modelling pastes imports skyrocketed to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.8% 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 2014 with an increase of 43% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

The United States prevails in imports structure, resulting at X tons, which was near 91% of total imports in 2021. It was distantly followed by Canada (X tons), achieving a 9% share of total imports.

The United States was also the fastest-growing in terms of the modelling pastes, dental wax and dental impression compounds imports, with a CAGR of +13.2% from 2012 to 2021. At the same time, Canada (+7.2%) displayed positive paces of growth. From 2012 to 2021, the share of the United States increased by +4.8 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported modelling pastes, dental wax and dental impression compounds in Northern America, comprising 89% of total imports. The second position in the ranking was taken by Canada ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +9.5%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, growing by 2.6% against the previous year. Over the period under review, the import price, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2015 an increase of 16% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, among the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

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

Source: IndexBox Platform

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