Turkey: Modelling Pastes Market 2024

Modelling Pastes Market Size in Turkey

The Turkish modelling pastes market shrank notably to $X in 2021, reducing by -36.1% against the previous year. Overall, consumption recorded a slight reduction. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Modelling Pastes Production in Turkey

In value terms, modelling pastes production declined to $X in 2021 estimated in export price. Overall, production, however, showed a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 52%. Over the period under review, production attained the maximum level at $X in 2020, and then dropped in the following year.

Modelling Pastes Exports

Exports from Turkey

Modelling pastes exports from Turkey surged to X tons in 2021, rising by 67% on 2020 figures. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 246% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, modelling pastes exports surged to $X in 2021. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 101%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for modelling pastes exports from Turkey, accounting for a 31% share of total exports. Moreover, modelling pastes exports to the Netherlands exceeded the volume sent to the second major destination, the United States (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +73.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+74.0% per year) and Germany (+61.4% per year).

In value terms, the largest markets for modelling pastes exported from Turkey were the Netherlands ($X), the United States ($X) and Poland ($X), with a combined 40% share of total exports. Germany, Italy, Greece, the UK, Israel, France, Hungary, Serbia, Morocco and the United Arab Emirates lagged somewhat behind, together comprising a further 38%.

Among the main countries of destination, Italy, with a CAGR of +112.4%, saw 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, surging by 19% against the previous year. In general, the export price, however, recorded a deep downturn. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Morocco ($X per ton), while the average price for exports to the Netherlands ($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 the UK (-0.7%), while the prices for the other major destinations experienced a decline.

Modelling Pastes Imports

Imports into Turkey

In 2021, supplies from abroad of modelling pastes, dental wax and dental impression compounds increased by 79% to X tons for the first time since 2012, thus ending a eight-year declining trend. Overall, imports, however, recorded a abrupt decline. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, modelling pastes imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a abrupt curtailment. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of modelling pastes to Turkey, accounting for a 47% share of total imports. Moreover, modelling pastes imports from Italy exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+19.7% per year) and Germany (+1.7% per year).

In value terms, Italy ($X) constituted the largest supplier of modelling pastes, dental wax and dental impression compounds to Turkey, comprising 49% of total imports. The second position in the ranking was taken by Germany ($X), with a 20% share of total imports. It was followed by the United States, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.4% per year) and the United States (-1.4% per year).

Import Prices by Country

In 2021, the average modelling pastes import price amounted to $X per ton, shrinking by -3.1% against the previous year. Overall, the import price continues to indicate a perceptible setback. The growth pace was the most rapid in 2020 when the average import price increased by 12% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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