Asia-Pacific: Modelling Pastes Market 2024

Modelling Pastes Market Size in Asia-Pacific

After five years of growth, the Asia-Pacific modelling pastes market decreased by -6.5% to $X in 2021. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020, and then declined in the following year.

Modelling Pastes Production in Asia-Pacific

In value terms, modelling pastes production declined to $X in 2021 estimated in export price. The total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.5% 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 +58.4% against 2013 indices. The growth pace was the most rapid in 2016 with an increase of 21%. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Modelling Pastes Exports

Exports in Asia-Pacific

In 2021, approx. X tons of modelling pastes, dental wax and dental impression compounds were exported in Asia-Pacific; picking up by 38% against the previous year's figure. Over the period under review, exports recorded a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, modelling pastes exports surged to $X in 2021. In general, exports enjoyed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, reaching X tons, which was approx. 89% of total exports in 2021. It was distantly followed by Thailand (X tons), generating a 6.1% share of total exports. Japan (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the modelling pastes, dental wax and dental impression compounds exports, with a CAGR of +12.4% from 2012 to 2021. At the same time, Thailand (+6.1%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. While the share of China (+10 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Japan (-2.8 p.p.) and Thailand (-3 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest modelling pastes supplier in Asia-Pacific, comprising 85% of total exports. The second position in the ranking was taken by Japan ($X), with a 5.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China stood at +19.4%. In the other countries, the average annual rates were as follows: Japan (+1.3% per year) and Thailand (+4.9% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, surging by 4.2% against the previous year. Over the last nine years, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2019 when the export price increased by 10% against the previous year. Over the period under review, the export prices attained the maximum in 2021 and is likely to see steady growth in the immediate term.

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 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-Pacific

Modelling pastes imports surged to X tons in 2021, increasing by 22% on the year before. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -8.1% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 30% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, modelling pastes imports surged to $X in 2021. Total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.2% 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

The countries with the highest levels of modelling pastes imports in 2021 were China (X tons), India (X tons), Japan (X tons), Australia (X tons), South Korea (X tons), Vietnam (X tons), the Philippines (X tons), Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons), together resulting at 85% of total import.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +24.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported modelling pastes, dental wax and dental impression compounds in Asia-Pacific, comprising 31% of total imports. The second position in the ranking was held by Japan ($X), with a 14% share of total imports. It was followed by Australia, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +10.3%. In the other countries, the average annual rates were as follows: Japan (+1.4% per year) and Australia (+6.0% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, shrinking by -2.1% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 12% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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