Hong Kong SAR, China: Modelling Pastes Market 2024

Modelling Pastes Market Size in Hong Kong SAR, China

The Hong Kong modelling pastes market skyrocketed to $X in 2021, picking up by 40% against the previous year. Over the period under review, consumption posted a resilient increase. Modelling pastes consumption peaked in 2021 and is expected to retain growth in years to come.

Modelling Pastes Production in Hong Kong SAR, China

In value terms, modelling pastes production declined modestly to $X in 2021 estimated in export price. In general, production continues to indicate a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 147% against the previous year. Modelling pastes production peaked at $X in 2020, and then reduced in the following year.

Modelling Pastes Exports

Exports from Hong Kong SAR, China

In 2021, the amount of modelling pastes, dental wax and dental impression compounds exported from Hong Kong SAR soared to X tons, jumping by 55% compared with the previous year's figure. In general, exports saw a resilient increase. The growth pace was the most rapid in 2014 with an increase of 96% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, modelling pastes exports soared to $X in 2021. Over the period under review, exports posted a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by 81%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for modelling pastes exports from Hong Kong SAR, accounting for a 88% share of total exports. Moreover, modelling pastes exports to China exceeded the volume sent to the second major destination, India (X tons), more than tenfold. The United States (X tons) ranked third in terms of total exports with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+76.3% per year) and the United States (+2.3% per year).

In value terms, China ($X) remains the key foreign market for modelling pastes, dental wax and dental impression compounds exports from Hong Kong SAR, comprising 79% of total exports. The second position in the ranking was taken by India ($X), with a 2.6% share of total exports. It was followed by the United States, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value to China totaled +12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+40.1% per year) and the United States (+5.5% per year).

Export Prices by Country

The average modelling pastes export price stood at $X per ton in 2021, with an increase of 6.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 30%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: among the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to India ($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 Japan (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.

Modelling Pastes Imports

Imports into Hong Kong SAR, China

Modelling pastes imports into Hong Kong SAR reached X tons in 2021, leveling off at the previous year's figure. Overall, imports, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by 112% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, modelling pastes imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% 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 -12.7% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 57% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), China (X tons) and South Korea (X tons) were the main suppliers of modelling pastes imports to Hong Kong SAR, with a combined 53% share of total imports. Germany, Thailand, Australia and Japan lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +26.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest modelling pastes suppliers to Hong Kong SAR were the United States ($X), Germany ($X) and China ($X), together accounting for 65% of total imports. These countries were followed by Australia, South Korea, Japan and Thailand, which together accounted for a further 19%.

In terms of the main suppliers, Australia, with a CAGR of +29.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average modelling pastes import price stood at $X per ton in 2021, increasing by 22% against the previous year. Over the period under review, the import price recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 45%. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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