Portugal: Modelling Pastes Market 2024

Modelling Pastes Market Size in Portugal

In 2021, the Portuguese modelling pastes market increased by 54% to $X, rising for the fifth consecutive year after two years of decline. Over the period under review, consumption recorded prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Modelling Pastes Production in Portugal

In value terms, modelling pastes production reduced to $X in 2021 estimated in export price. In general, production enjoyed a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 118% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then dropped in the following year.

Modelling Pastes Exports

Exports from Portugal

In 2021, overseas shipments of modelling pastes, dental wax and dental impression compounds decreased by -33.2% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 89%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, modelling pastes exports contracted to $X in 2021. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 357% against the previous year. The exports peaked at $X in 2020, and then reduced in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for modelling pastes exports from Portugal, with a 73% share of total exports. Moreover, modelling pastes exports to the Netherlands exceeded the volume sent to the second major destination, Spain (X tons), threefold. France (X tons) ranked third in terms of total exports with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to +35.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+106.3% per year) and France (+154.8% per year).

In value terms, the Netherlands ($X) remains the key foreign market for modelling pastes, dental wax and dental impression compounds exports from Portugal, comprising 97% of total exports. The second position in the ranking was held by Spain ($X), with a 1.5% share of total exports. It was followed by Egypt, with a 0.2% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands stood at +56.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+88.5% per year) and Egypt (-3.5% per year).

Export Prices by Country

In 2021, the average modelling pastes export price amounted to $X per ton, with an increase of 31% against the previous year. Overall, the export price posted a significant increase. The most prominent rate of growth was recorded in 2018 an increase of 142% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: among the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Spain ($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 Egypt (+21.5%), while the prices for the other major destinations experienced mixed trend patterns.

Modelling Pastes Imports

Imports into Portugal

In 2021, imports of modelling pastes, dental wax and dental impression compounds into Portugal rose rapidly to X tons, picking up by 11% on the previous year. In general, imports recorded prominent growth. The growth pace was the most rapid in 2014 with an increase of 79%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, modelling pastes imports soared to $X in 2021. Over the period under review, imports saw a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 68%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest modelling pastes supplier to Portugal, with a 55% share of total imports. Moreover, modelling pastes imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.4% per year) and Italy (-2.4% per year).

In value terms, Spain ($X), Italy ($X) and China ($X) constituted the largest modelling pastes suppliers to Portugal, together comprising 70% of total imports.

Among the main suppliers, China, with a CAGR of +16.2%, recorded the highest rates of growth with regard to 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

The average modelling pastes import price stood at $X per ton in 2021, increasing by 8.1% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, modelling pastes import price increased by +62.0% against 2017 indices. The growth pace was the most rapid in 2019 an increase of 36% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, among the top suppliers, the country with the highest price was Germany ($X per ton), while the price for Spain ($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 (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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