Puerto Rico: Modelling Pastes Market 2024

Modelling Pastes Market Size in Puerto Rico

The Puerto Rican modelling pastes market reduced to $X in 2021, falling by -6.5% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Puerto Rico consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Modelling Pastes Production in Puerto Rico

In value terms, modelling pastes production contracted modestly to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 46% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Modelling Pastes Exports

Exports from Puerto Rico

In 2021, modelling pastes exports from Puerto Rico stood at less than X kg, therefore, remained relatively stable against the previous year. In general, exports continue to indicate a relatively flat trend pattern.

In value terms, modelling pastes exports totaled less than $X in 2021. Overall, exports saw a relatively flat trend pattern.

Exports by Country

China was the key exporter of modelling pastes, dental wax and dental impression compounds in the world, with the volume of exports amounting to X tons, which was near 49% of total exports in 2021. 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), Belgium (X tons) and Spain (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +12.4% from 2012 to 2021. 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. Spain and the Netherlands experienced a relatively flat trend pattern. From 2012 to 2021, the share of China, Sweden and Turkey increased by +11, +4.2 and +3.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest modelling pastes supplying countries from Puerto Rico were China ($X), Germany ($X) and Italy ($X), with a combined 62% share of total exports. The United States, the Netherlands, Sweden, Belgium, Mexico, Turkey, Spain and Thailand lagged somewhat behind, together accounting for a further 21%.

Among the main exporting countries, Turkey, with a CAGR of +40.0%, 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 export price in Puerto Rico stood at less than $X per ton in 2021, remaining stable against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 leaders experienced more modest paces of growth.

Modelling Pastes Imports

Imports into Puerto Rico

In 2021, approx. less than X kg of modelling pastes, dental wax and dental impression compounds were imported into Puerto Rico; remaining relatively unchanged against 2020. Overall, imports recorded a relatively flat trend pattern.

In value terms, modelling pastes imports amounted to less than $X in 2021. In general, imports showed a relatively flat trend pattern.

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 resulting at X tons, which was approx. 29% of total imports in 2021. France (X tons) held a 4.7% share (based on physical terms) of total imports, which put it in second place, followed by Germany (4.6%). 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) followed a long way behind the leaders.

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. The United States (+10 p.p.) significantly strengthened its position in terms of the global imports, while Russia, Japan and the Netherlands saw its share reduced by -1.6%, -1.6% and -6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In the United States, modelling pastes imports expanded at an average annual rate of +9.5% over the period from 2012-2021. 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 import price in Puerto Rico stood at less than $X per ton in 2021, approximately reflecting the previous year. Overall, the import price showed a relatively flat trend pattern.

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 leaders experienced more modest paces of growth.

Source: IndexBox Platform

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