Russian Federation: Modelling Pastes Market 2024

Modelling Pastes Market Size in the Russian Federation

In 2021, the Russian modelling pastes market increased by 2.2% to $X, rising for the second year in a row after two years of decline. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Modelling Pastes Production in the Russian Federation

In value terms, modelling pastes production reduced to $X in 2021 estimated in export price. Over the period under review, production saw a noticeable decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 36% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Modelling Pastes Exports

Exports from the Russian Federation

In 2021, the amount of modelling pastes, dental wax and dental impression compounds exported from Russia surged to X tons, growing by 32% against the previous year's figure. In general, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 34% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, modelling pastes exports skyrocketed to $X in 2021. Over the period under review, exports showed a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan (X tons), Ukraine (X tons) and Belarus (X tons) were the main destinations of modelling pastes exports from Russia, together comprising 65% of total exports. Uzbekistan, Kyrgyzstan, Azerbaijan, Moldova, Armenia, Mongolia and Latvia lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Azerbaijan (with a CAGR of +27.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Ukraine ($X) and Belarus ($X) appeared to be the largest markets for modelling pastes exported from Russia worldwide, together accounting for 68% of total exports. These countries were followed by Uzbekistan, Kyrgyzstan, Azerbaijan, Moldova, Armenia, Latvia and Mongolia, which together accounted for a further 26%.

In terms of the main countries of destination, Azerbaijan, with a CAGR of +31.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average modelling pastes export price stood at $X per ton in 2021, rising by 7.5% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 23%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the highest price was recorded for prices to Belarus ($X per ton) and Ukraine ($X per ton), while the average price for exports to Mongolia ($X per ton) and Uzbekistan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Modelling Pastes Imports

Imports into the Russian Federation

In 2021, the amount of modelling pastes, dental wax and dental impression compounds imported into Russia stood at X tons, with an increase of 3.7% against the previous year's figure. Overall, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -15.4% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 62%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, modelling pastes imports skyrocketed to $X in 2021. In general, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +68.4% against 2018 indices. The pace of growth was the most pronounced in 2019 with an increase of 45% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest modelling pastes supplier to Russia, accounting for a 35% share of total imports. Moreover, modelling pastes imports from China exceeded the figures recorded by the second-largest supplier, Belarus (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+47.2% per year) and Italy (+3.7% per year).

In value terms, the largest modelling pastes suppliers to Russia were Italy ($X), Germany ($X) and China ($X), with a combined 65% share of total imports. These countries were followed by Switzerland, Belarus, Belgium, Ukraine, the Czech Republic, Spain and Thailand, which together accounted for a further 24%.

Belarus, with a CAGR of +39.4%, recorded the highest growth rate of 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, surging by 14% against the previous year. Overall, the import price recorded a mild expansion. The growth pace was the most rapid in 2020 an increase of 21%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: 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 Germany (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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