Global Modelling Pastes Market
In value terms, modelling pastes production expanded slightly to $ in estimated in export price. Overall, the total production indicated a moderate increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2018 indices. The growth pace was the most rapid in 2018 when the production volume increased by %. As a result, production attained the peak level of $. From 2019 to , global production growth remained at a somewhat lower figure.
China ( tons) constituted the country with the largest volume of modelling pastes production, comprising approx. % of total volume. Moreover, modelling pastes production in China exceeded the figures recorded by the second-largest producer, India ( tons), sixfold. The third position in this ranking was taken by Japan ( tons), with a % share.
From 2007 to , the average annual rate of growth in terms of volume in China stood at +%. In the other countries, the average annual rates were as follows: India (+% per year) and Japan (+% per year).
The global modelling pastes market revenue totaled $ in , increasing by % 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 +% from 2007 to ; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $. From 2019 to , the growth of the global market remained at a somewhat lower figure.
From 2007 to , the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Spain (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest modelling pastes markets worldwide were the United States ($), China ($) and Japan ($), together comprising % of the global market. India, Russia, Germany, South Korea, France, Canada, Spain, Democratic Republic of the Congo, Mexico and Turkey lagged somewhat behind, together comprising a further %.
Spain, with a CAGR of +%, recorded the highest rates of growth with regard to market size, in terms of the main consuming countries 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 were Spain ( kg per persons), Japan ( kg per persons) and the United States ( kg per persons).
From 2007 to , the biggest increases were in Spain (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.