Global Modelling Pastes Market 2024

Modelling Pastes Market Size

The global modelling pastes market totaled $X in 2021, growing by 2.4% against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the global market hit record highs at $X in 2018; afterwards, it flattened through to 2021.

Modelling Pastes Production

In value terms, modelling pastes production expanded to $X in 2021 estimated in export price. Overall, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.7% 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 2017 when the production volume increased by 23%. Global production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Modelling Pastes Exports

Exports

Global modelling pastes exports soared to X tons in 2021, surging by 31% compared with 2020. Over the period under review, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, modelling pastes exports skyrocketed to $X in 2021. Overall, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) was the major exporter of modelling pastes, dental wax and dental impression compounds, constituting 49% of total exports. Germany (X tons) ranks second in terms of the total exports with an 8% share, followed by Italy (6.3%) and Sweden (4.6%). The United States (X tons), Turkey (X tons), Thailand (X tons), the Netherlands (X tons), Mexico (X tons) and Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to modelling pastes exports from China stood at +12.4%. At the same time, Turkey (+54.9%), Sweden (+42.4%), Mexico (+15.3%), Italy (+10.7%), Thailand (+6.1%), Belgium (+4.7%), Germany (+3.6%) and the United States (+2.0%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +54.9% from 2012-2021. The Netherlands experienced a relatively flat trend pattern. While the share of China (+11 p.p.), Sweden (+4.2 p.p.) and Turkey (+3.3 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of the United States (-3.3 p.p.), the Netherlands (-3.7 p.p.) and Germany (-4.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Italy ($X) constituted the countries with the highest levels of exports in 2021, with a combined 62% share of global exports. The United States, the Netherlands, Sweden, Belgium, Mexico, Turkey and Thailand lagged somewhat behind, together accounting for a further 20%.

Turkey, with a CAGR of +40.0%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average modelling pastes export price stood at $X per ton in 2021, picking up by 3.5% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 3.8%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: among the top suppliers, the country with the highest price was Germany ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.9%), while the other global leaders experienced more modest paces of growth.

Modelling Pastes Imports

Imports

Global modelling pastes imports surged to X tons in 2021, increasing by 23% against 2020. In general, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, modelling pastes imports surged to $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) was the major importer of modelling pastes, dental wax and dental impression compounds, generating 29% of total imports. It was distantly followed by France (X tons) and Germany (X tons), together generating a 9.3% share of total imports. Russia (X tons), Spain (X tons), the UK (X tons), the Netherlands (X tons), Canada (X tons), China (X tons), Mexico (X tons), Poland (X tons), India (X tons) and Japan (X tons) took a minor share of total imports.

Imports into the United States increased at an average annual rate of +13.2% from 2012 to 2021. At the same time, India (+24.0%), Poland (+17.8%), Spain (+14.4%), China (+10.1%), Mexico (+8.4%), Canada (+7.2%), France (+6.6%), the UK (+5.7%), Germany (+4.7%) and Russia (+3.5%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +24.0% from 2012-2021. Japan experienced a relatively flat trend pattern. By contrast, the Netherlands (-4.8%) illustrated a downward trend over the same period. While the share of the United States (+10 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Russia (-1.6 p.p.), Japan (-1.6 p.p.) and the Netherlands (-6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported modelling pastes, dental wax and dental impression compounds worldwide, comprising 26% of global imports. The second position in the ranking was held by Germany ($X), with a 7.4% share of global imports. It was followed by the Netherlands, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +9.5%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+5.4% per year) and the Netherlands (+13.1% per year).

Import Prices by Country

The average modelling pastes import price stood at $X per ton in 2021, growing by 7.4% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Global import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: among the top suppliers, the country with the highest price was the Netherlands ($X per ton), while India ($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 Netherlands (+18.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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