Modelling Pastes Market

The article discusses the current and projected trends in the global market for modelling pastes, dental wax, and dental impression compounds. It provides detailed insights into consumption patterns, production volumes, import and export statistics, and market values. Key findings include the expected growth in consumption volume and market value, with major importing and exporting countries highlighted. The analysis covers data from 2012 to 2022, showcasing the trends in the industry and potential future growth opportunities.

Market Forecast

Driven by increasing demand for modelling pastes, dental wax and dental impression compounds worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +3.0% for the period from 2022 to 2030, which is projected to bring the market volume to 513K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.2% for the period from 2022 to 2030, which is projected to bring the market value to $3.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Modelling Pastes, Dental Wax And Dental Impression Compounds

In 2022, the amount of modelling pastes, dental wax and dental impression compounds consumed worldwide was estimated at 404K tons, remaining stable against 2021. The total consumption volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, global consumption hit record highs at 405K tons in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

The global modelling pastes market value rose to $2.4B in 2022, picking up by 2.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Global consumption peaked in 2022 and is expected to retain growth in years to come.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (71K tons), the United States (47K tons) and India (38K tons), together comprising 39% of global consumption. Japan, Nigeria, Mexico, Germany, Spain, Russia, Italy, France, Turkey and South Korea lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Spain (with a CAGR of +14.6%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest modelling pastes markets worldwide were India ($302M), the United States ($277M) and Japan ($256M), together comprising 35% of the global market. China, Nigeria, Germany, South Korea, Mexico, Turkey, France, Spain, Italy and Russia lagged somewhat behind, together accounting for a further 33%.

Among the main consuming countries, Nigeria, with a CAGR of +11.5%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of modelling pastes per capita consumption in 2022 were Spain (249 kg per 1000 persons), Japan (204 kg per 1000 persons) and Italy (174 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Spain (with a CAGR of +14.6%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Modelling Pastes, Dental Wax And Dental Impression Compounds

In 2022, production of modelling pastes, dental wax and dental impression compounds increased by 5% to 450K tons, rising for the sixth year in a row after two years of decline. The total output volume increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by 36%. Over the period under review, global production hit record highs in 2022 and is expected to retain growth in the immediate term.

In value terms, modelling pastes production shrank modestly to $2.2B in 2022 estimated in export price. Over the period under review, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.3% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 24% against the previous year. Global production peaked at $2.4B in 2018; however, from 2019 to 2022, production remained at a lower figure.

Production By Country

The country with the largest volume of modelling pastes production was China (180K tons), comprising approx. 40% of total volume. Moreover, modelling pastes production in China exceeded the figures recorded by the second-largest producer, India (33K tons), fivefold. The third position in this ranking was taken by Japan (24K tons), with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume in China amounted to +7.4%. The remaining producing countries recorded the following average annual rates of production growth: India (+5.2% per year) and Japan (+3.6% per year).

Imports

World Imports of Modelling Pastes, Dental Wax And Dental Impression Compounds

In 2022, approx. 207K tons of modelling pastes, dental wax and dental impression compounds were imported worldwide; almost unchanged from the previous year's figure. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +23.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 23%. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, modelling pastes imports reduced slightly to $1.2B in 2022. Over the period under review, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, imports attained the peak of $1.2B, and then shrank modestly in the following year.

Imports By Country

The United States was the main importer of modelling pastes, dental wax and dental impression compounds in the world, with the volume of imports recording 56K tons, which was approx. 27% of total imports in 2022. It was distantly followed by Germany (11K tons), comprising a 5.1% share of total imports. The following importers - France (7.9K tons), Spain (6.5K tons), Mexico (6.4K tons), China (6K tons), the Netherlands (6K tons), Canada (5.8K tons), India (5.6K tons), the UK (5.3K tons), Hungary (4.5K tons), Japan (4.2K tons) and Russia (3.7K tons) - together made up 30% of total imports.

From 2012 to 2022, average annual rates of growth with regard to modelling pastes imports into the United States stood at +11.1%. At the same time, India (+26.9%), Hungary (+26.2%), Spain (+12.2%), China (+10.4%), Mexico (+10.1%), Canada (+6.4%), Germany (+5.5%), France (+3.9%), the UK (+3.8%), the Netherlands (+2.8%) and Japan (+1.7%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +26.9% from 2012-2022. By contrast, Russia (-4.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States, India and Hungary increased by +7.5, +2.2 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($328M) constitutes the largest market for imported modelling pastes, dental wax and dental impression compounds worldwide, comprising 28% of global imports. The second position in the ranking was held by Germany ($86M), with a 7.2% share of global imports. It was followed by the Netherlands, with a 4.2% share.

In the United States, modelling pastes imports expanded at an average annual rate of +9.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+4.6% per year) and the Netherlands (+10.0% per year).

Import Prices By Country

The average modelling pastes import price stood at $5,738 per ton in 2022, stabilizing at the previous year. In general, the import price saw a mild decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 6.6%. Over the period under review, average import prices reached the peak figure at $6,613 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($8,340 per ton), while India ($2,085 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.9%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Modelling Pastes, Dental Wax And Dental Impression Compounds

In 2022, the amount of modelling pastes, dental wax and dental impression compounds exported worldwide expanded rapidly to 254K tons, picking up by 7.3% on the previous year's figure. Overall, exports posted a resilient increase. The growth pace was the most rapid in 2021 when exports increased by 26%. Over the period under review, the global exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, modelling pastes exports expanded to $1.3B in 2022. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 34%. Over the period under review, the global exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports By Country

In 2022, China (115K tons) represented the main exporter of modelling pastes, dental wax and dental impression compounds, mixing up 46% of total exports. The Netherlands (28K tons) held the second position in the ranking, followed by Germany (18K tons), Italy (15K tons) and Thailand (13K tons). All these countries together took near 29% share of total exports. The following exporters - the United States (9.1K tons), Sweden (8.7K tons), Turkey (5.8K tons) and Mexico (4.5K tons) - together made up 11% of total exports.

Exports from China increased at an average annual rate of +11.1% from 2012 to 2022. At the same time, Turkey (+43.3%), Sweden (+34.5%), the Netherlands (+15.1%), Mexico (+11.1%), Thailand (+10.6%), Italy (+9.4%), Germany (+2.7%) 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 +43.3% from 2012-2022. China (+7.1 p.p.), the Netherlands (+4.4 p.p.), Sweden (+3 p.p.) and Turkey (+2.1 p.p.) significantly strengthened its position in terms of the global exports, while the United States and Germany saw its share reduced by -3.5% and -6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest modelling pastes supplying countries worldwide were China ($443M), Germany ($256M) and Italy ($127M), together comprising 65% of global exports. The United States, the Netherlands, Sweden, Thailand, Mexico and Turkey lagged somewhat behind, together accounting for a further 17%.

Turkey, with a CAGR of +32.2%, saw the highest rates of growth with regard to 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 $5,026 per ton in 2022, dropping by -4.7% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 6.1%. Over the period under review, the average export prices attained the maximum at $5,411 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($14,326 per ton), while Thailand ($1,507 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform