ASEAN: Modelling Pastes Market 2025

Modelling Pastes Market Size in ASEAN

The ASEAN modelling pastes market declined to $X in 2021, shrinking by -5% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.9% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Modelling Pastes Production in ASEAN

In value terms, modelling pastes production soared to $X in 2021 estimated in export price. The total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -16.5% against 2016 indices. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Modelling Pastes Exports

Exports in ASEAN

In 2021, overseas shipments of modelling pastes, dental wax and dental impression compounds were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports enjoyed pronounced growth. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, modelling pastes exports skyrocketed to $X in 2021. In general, exports recorded tangible growth. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand prevails in exports structure, recording X tons, which was approx. 89% of total exports in 2021. It was distantly followed by Malaysia (X tons), comprising a 6.8% share of total exports. Vietnam (X tons) followed a long way behind the leaders.

Exports from Thailand increased at an average annual rate of +6.1% from 2012 to 2021. At the same time, Vietnam (+8.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +8.1% from 2012-2021. By contrast, Malaysia (-9.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand increased by +16 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) emerged as the largest modelling pastes supplier in ASEAN, comprising 72% of total exports. The second position in the ranking was taken by Malaysia ($X), with an 8.3% share of total exports.

In Thailand, modelling pastes exports increased at an average annual rate of +4.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (-6.4% per year) and Vietnam (+15.1% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, dropping by -60% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 108%. As a result, the export price reached the peak level of $X per ton, and then reduced remarkably in the following year.

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 Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+6.5%), while the other leaders experienced mixed trends in the export price figures.

Modelling Pastes Imports

Imports in ASEAN

In 2021, purchases abroad of modelling pastes, dental wax and dental impression compounds decreased by -5.9% to X tons, falling for the second consecutive year after eight years of growth. Overall, imports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of 23% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, modelling pastes imports totaled $X in 2021. Over the period under review, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 42%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Vietnam (X tons) and the Philippines (X tons) represented roughly 58% of total imports in 2021. It was distantly followed by Indonesia (X tons), Malaysia (X tons), Singapore (X tons) and Thailand (X tons), together generating a 35% share of total imports. Cambodia (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Cambodia (with a CAGR of +30.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported modelling pastes, dental wax and dental impression compounds in ASEAN, comprising 35% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 17% share of total imports. It was followed by Thailand, with a 16% share.

From 2012 to 2021, the average annual growth rate of value in Vietnam amounted to +7.7%. In the other countries, the average annual rates were as follows: Indonesia (+6.6% per year) and Thailand (+0.3% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2021, increasing by 7.5% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 20% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, among the top suppliers, the country with the highest price was Thailand ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+7.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform