South Africa: Modelling Pastes Market 2024

Modelling Pastes Market Size in South Africa

After four years of growth, the South African modelling pastes market decreased by -30.8% to $X in 2021. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Modelling Pastes Exports

Exports from South Africa

After four years of decline, overseas shipments of modelling pastes, dental wax and dental impression compounds increased by 141% to X tons in 2021. In general, exports showed a tangible increase. The most prominent rate of growth was recorded in 2016 when exports increased by 232% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, modelling pastes exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a abrupt contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Zimbabwe (X tons) was the main destination for modelling pastes exports from South Africa, accounting for a 35% share of total exports. Moreover, modelling pastes exports to Zimbabwe exceeded the volume sent to the second major destination, Namibia (X tons), threefold. Botswana (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Zimbabwe stood at +58.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+3.1% per year) and Botswana (-12.6% per year).

In value terms, Zimbabwe ($X) emerged as the key foreign market for modelling pastes, dental wax and dental impression compounds exports from South Africa, comprising 35% of total exports. The second position in the ranking was taken by Namibia ($X), with a 12% share of total exports. It was followed by Botswana, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Zimbabwe totaled +58.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (-20.9% per year) and Botswana (-23.9% per year).

Export Prices by Country

The average modelling pastes export price stood at $X per ton in 2021, stabilizing at the previous year. In general, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of 106%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, among the top suppliers, the country with the highest price was Zimbabwe ($X per ton), while the average price for exports to Botswana ($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 Zimbabwe (+0.2%), while the prices for the other major destinations experienced a decline.

Modelling Pastes Imports

Imports into South Africa

In 2021, overseas purchases of modelling pastes, dental wax and dental impression compounds decreased by -37.6% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, total imports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.3% 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 2015 when imports increased by 132%. Imports peaked at X tons in 2020, and then contracted sharply in the following year.

In value terms, modelling pastes imports fell to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 19%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of modelling pastes to South Africa, with a 66% share of total imports. Moreover, modelling pastes imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. The third position in this ranking was taken by Spain (X tons), with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.6% per year) and Spain (+9.0% per year).

In value terms, China ($X), Germany ($X) and Italy ($X) were the largest modelling pastes suppliers to South Africa, together comprising 72% of total imports. These countries were followed by the Netherlands, Spain and Thailand, which together accounted for a further 12%.

The Netherlands, with a CAGR of +40.7%, recorded the highest growth rate of 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

The average modelling pastes import price stood at $X per ton in 2021, growing by 49% against the previous year. Over the period under review, the import price, however, saw a mild curtailment. The pace of growth appeared the most rapid in 2014 an increase of 76% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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 ($X per ton), while the price for Thailand ($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 (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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