United Kingdom: Modelling Pastes Market 2024

Modelling Pastes Market Size in the UK

After two years of decline, the UK modelling pastes market increased by 41% to $X in 2021. The market 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 throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Modelling Pastes Production in the UK

In value terms, modelling pastes production expanded to $X in 2021 estimated in export price. In general, production recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 when the production volume increased by 4.2%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Modelling Pastes Exports

Exports from the UK

In 2021, after three years of growth, there was significant decline in shipments abroad of modelling pastes, dental wax and dental impression compounds, when their volume decreased by -25.3% to X tons. In general, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2019 when exports increased by 43%. Over the period under review, the exports reached the peak figure at X tons in 2020, and then declined dramatically in the following year.

In value terms, modelling pastes exports dropped markedly to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 25%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Ireland (X tons) was the main destination for modelling pastes exports from the UK, with a 48% share of total exports. Moreover, modelling pastes exports to Ireland exceeded the volume sent to the second major destination, Germany (X tons), fivefold. The United States (X tons) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ireland stood at +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+7.0% per year) and the United States (+34.6% per year).

In value terms, Ireland ($X) remains the key foreign market for modelling pastes, dental wax and dental impression compounds exports from the UK, comprising 37% of total exports. The second position in the ranking was taken by the United States ($X), with an 8.5% share of total exports. It was followed by Germany, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to Ireland amounted to +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+27.8% per year) and Germany (-1.4% per year).

Export Prices by Country

In 2021, the average modelling pastes export price amounted to $X per ton, flattening at the previous year. Over the period under review, the export price, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2014 an increase of 13%. The export price peaked 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 overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($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 Morocco (-2.2%), while the prices for the other major destinations experienced a decline.

Modelling Pastes Imports

Imports into the UK

In 2021, imports of modelling pastes, dental wax and dental impression compounds into the UK rose remarkably to X tons, surging by 11% against the year before. In general, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.7% 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 -3.3% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 25%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, modelling pastes imports surged to $X in 2021. The total import value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest modelling pastes supplier to the UK, accounting for a 52% share of total imports. Moreover, modelling pastes imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+14.6% per year) and Germany (+1.2% per year).

In value terms, the largest modelling pastes suppliers to the UK were China ($X), Germany ($X) and the United States ($X), with a combined 74% share of total imports. These countries were followed by Italy, the Netherlands, France, Turkey and Thailand, which together accounted for a further 18%.

Turkey, with a CAGR of +30.2%, recorded the highest rates of growth with regard to 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

The average modelling pastes import price stood at $X per ton in 2021, rising by 23% against the previous year. Over the period under review, the import price, however, saw a slight curtailment. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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