China: Modelling Pastes Market 2024

Modelling Pastes Market Size in China

In 2021, the Chinese modelling pastes market decreased by -21.1% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption, however, posted a strong increase. Over the period under review, the market reached the maximum level at $X in 2020, and then fell markedly in the following year.

Modelling Pastes Production in China

In value terms, modelling pastes production totaled $X in 2021 estimated in export price. Overall, production saw a resilient increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 23% against the previous year. Modelling pastes production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Modelling Pastes Exports

Exports from China

Modelling pastes exports from China soared to X tons in 2021, surging by 30% on the previous year. In general, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 31%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, modelling pastes exports surged to $X in 2021. Over the period under review, exports showed a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by 47%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for modelling pastes exports from China, accounting for a 32% share of total exports. Moreover, modelling pastes exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), fivefold. The UK (X tons) ranked third in terms of total exports with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+10.3% per year) and the UK (+9.7% per year).

In value terms, the United States ($X) remains the key foreign market for modelling pastes, dental wax and dental impression compounds exports from China, comprising 23% of total exports. The second position in the ranking was held by Mexico ($X), with an 8.2% share of total exports. It was followed by Saudi Arabia, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+27.4% per year) and Saudi Arabia (+28.3% per year).

Export Prices by Country

The average modelling pastes export price stood at $X per ton in 2021, picking up by 7.9% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2021: its price 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, modelling pastes export price increased by +85.2% against 2013 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 15%. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Modelling Pastes Imports

Imports into China

In 2021, the amount of modelling pastes, dental wax and dental impression compounds imported into China soared to X tons, growing by 88% against 2020 figures. Over the period under review, imports recorded a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, modelling pastes imports soared to $X in 2021. In general, imports saw a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest modelling pastes supplier to China, with a 38% share of total imports. Moreover, modelling pastes imports from Germany exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), threefold. Sweden (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+7.7% per year) and Sweden (+129.7% per year).

In value terms, Germany ($X) constituted the largest supplier of modelling pastes, dental wax and dental impression compounds to China, comprising 41% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with an 18% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-0.2% per year) and the United States (+12.9% per year).

Import Prices by Country

The average modelling pastes import price stood at $X per ton in 2021, shrinking by -23.9% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 32% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped dramatically in the following year.

Prices varied noticeably country of origin: the country with the highest price was Hong Kong SAR ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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