Mexico: Modelling Pastes Market 2024

Modelling Pastes Market Size in Mexico

In 2022, the Mexican modelling pastes market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption showed a resilient increase. Modelling pastes consumption peaked in 2022 and is likely to continue growth in the near future.

Modelling Pastes Production in Mexico

In value terms, modelling pastes production reached $X in 2022 estimated in export price. In general, production enjoyed a resilient increase. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Modelling Pastes Exports

Exports from Mexico

In 2022, after two years of growth, there was significant decline in overseas shipments of modelling pastes, dental wax and dental impression compounds, when their volume decreased by X% to X tons. In general, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then shrank rapidly in the following year.

In value terms, modelling pastes exports contracted to $X in 2022. Overall, exports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

The United States (X tons) was the main destination for modelling pastes exports from Mexico, with a X% share of total exports. Moreover, modelling pastes exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), more than tenfold. The third position in this ranking was taken by Honduras (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Honduras (X% per year).

In value terms, the United States ($X) remains the key foreign market for modelling pastes, dental wax and dental impression compounds exports from Mexico, comprising X% of total exports. The second position in the ranking was held by Guatemala ($X), with a X% share of total exports. It was followed by Honduras, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Honduras (X% per year).

Export Prices by Country

In 2022, the average modelling pastes export price amounted to $X per ton, rising by X% against the previous year. In general, the export price continues to indicate noticeable growth. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (X%), while the prices for the other major destinations experienced more modest paces of growth.

Modelling Pastes Imports

Imports into Mexico

For the third year in a row, Mexico recorded growth in supplies from abroad of modelling pastes, dental wax and dental impression compounds, which increased by X% to X tons in 2022. Overall, imports posted prominent growth. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, modelling pastes imports contracted modestly to $X in 2022. In general, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of modelling pastes to Mexico, accounting for a X% share of total imports. Moreover, modelling pastes imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by Sweden (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Sweden (X% per year).

In value terms, the largest modelling pastes suppliers to Mexico were the United States ($X), China ($X) and Italy ($X), together accounting for X% of total imports.

Among the main suppliers, Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 2022, falling by X% against the previous year. In general, the import price continues to indicate a deep setback. The growth pace was the most rapid in 2015 an increase of X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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