Indonesia: Modelling Pastes Market 2024

Modelling Pastes Market Size in Indonesia

The Indonesian modelling pastes market skyrocketed to $X in 2021, picking up by 19% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a strong increase. Modelling pastes consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Modelling Pastes Exports

Exports from Indonesia

In 2021, approx. X tons of modelling pastes, dental wax and dental impression compounds were exported from Indonesia; rising by 77% against 2020 figures. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 3,178%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, modelling pastes exports reduced remarkably to $X in 2021. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2013 with an increase of 2,013%. The exports peaked at $X in 2020, and then reduced dramatically in the following year.

Exports by Country

South Korea (X tons), Sri Lanka (X tons) and Singapore (X kg) were the main destinations of modelling pastes exports from Indonesia, with a combined 99% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sri Lanka (with a CAGR of +235.7%), while the other leaders experienced mixed trend patterns.

In value terms, South Korea ($X) emerged as the key foreign market for modelling pastes, dental wax and dental impression compounds exports from Indonesia, comprising 90% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 7.1% share of total exports. It was followed by Singapore, with a 0.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea totaled +194.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+152.8% per year) and Singapore (-4.5% per year).

Export Prices by Country

In 2021, the average modelling pastes export price amounted to $X per ton, with a decrease of -57% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 302%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: among the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Sri Lanka ($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 Bangladesh (+77.8%), while the prices for the other major destinations experienced more modest paces of growth.

Modelling Pastes Imports

Imports into Indonesia

In 2021, supplies from abroad of modelling pastes, dental wax and dental impression compounds increased by 20% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports showed a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 53%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, modelling pastes imports surged to $X in 2021. Overall, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 82%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of modelling pastes to Indonesia, accounting for a 71% share of total imports. Moreover, modelling pastes imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. Sweden (X tons) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+25.4% per year) and Sweden (+280.0% per year).

In value terms, China ($X) constituted the largest supplier of modelling pastes, dental wax and dental impression compounds to Indonesia, comprising 46% of total imports. The second position in the ranking was held by Japan ($X), with a 10% share of total imports. It was followed by the United States, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+7.6% per year) and the United States (+27.3% per year).

Import Prices by Country

The average modelling pastes import price stood at $X per ton in 2021, approximately mirroring the previous year. Over the period under review, the import price, however, recorded a mild setback. The pace of growth appeared the most rapid in 2018 an increase of 46% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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