Asia: Modelling Pastes Market 2024

Modelling Pastes Market Size in Asia

In 2021, after five years of growth, there was significant decline in the Asian modelling pastes market, when its value decreased by -6.1% to $X. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then reduced in the following year.

Modelling Pastes Production in Asia

In value terms, modelling pastes production contracted slightly to $X in 2021 estimated in export price. The total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +62.6% against 2013 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 21% against the previous year. The level of production peaked at $X in 2020, and then declined in the following year.

Modelling Pastes Exports

Exports in Asia

In 2021, exports of modelling pastes, dental wax and dental impression compounds in Asia surged to X tons, rising by 39% against the year before. In general, exports saw buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, modelling pastes exports soared to $X in 2021. Overall, exports recorded a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, resulting at X tons, which was approx. 83% of total exports in 2021. Turkey (X tons) ranks second in terms of the total exports with a 5.9% share, followed by Thailand (5.7%). Japan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to modelling pastes exports from China stood at +12.4%. At the same time, Turkey (+54.9%) and Thailand (+6.1%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +54.9% from 2012-2021. Japan experienced a relatively flat trend pattern. From 2012 to 2021, the share of Turkey and China increased by +5.6 and +5.2 percentage points, respectively.

In value terms, China ($X) remains the largest modelling pastes supplier in Asia, comprising 81% of total exports. The second position in the ranking was taken by Japan ($X), with a 5.2% share of total exports. It was followed by Turkey, with a 3.8% share.

In China, modelling pastes exports increased at an average annual rate of +19.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+1.3% per year) and Turkey (+40.0% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, with an increase of 4.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. The growth pace was the most rapid in 2019 an increase of 9.8%. Over the period under review, the export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: among the top suppliers, the country with the highest price was Japan ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the other leaders experienced mixed trends in the export price figures.

Modelling Pastes Imports

Imports in Asia

In 2021, the amount of modelling pastes, dental wax and dental impression compounds imported in Asia skyrocketed to X tons, with an increase of 32% compared with the previous year's figure. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, modelling pastes imports skyrocketed to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons), India (X tons), Japan (X tons) and Iraq (X tons) was the key importer of modelling pastes, dental wax and dental impression compounds in Asia, committing 40% of total import. It was distantly followed by Saudi Arabia (X tons), South Korea (X tons), Vietnam (X tons) and Kazakhstan (X tons), together constituting a 19% share of total imports. The following importers - the United Arab Emirates (X tons), Israel (X tons), Turkey (X tons), the Philippines (X tons) and Iran (X tons) - together made up 18% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iraq (with a CAGR of +32.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported modelling pastes, dental wax and dental impression compounds in Asia, comprising 23% of total imports. The second position in the ranking was held by Japan ($X), with a 10% share of total imports. It was followed by Iraq, with a 7.2% share.

In China, modelling pastes imports expanded at an average annual rate of +10.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (+1.4% per year) and Iraq (+39.0% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, reducing by -2.5% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 8.9%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: among the top suppliers, the country with the highest price was China ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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