Japan: Modelling Pastes Market 2024

Modelling Pastes Market Size in Japan

In 2021, the Japanese modelling pastes market decreased by -6.9% to $X for the first time since 2015, thus ending a five-year rising trend. In general, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +49.7% against 2015 indices. Modelling pastes consumption peaked at $X in 2020, and then declined in the following year.

Modelling Pastes Production in Japan

In value terms, modelling pastes production fell to $X in 2021 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.4% 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 +59.5% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 22%. Modelling pastes production peaked at $X in 2020, and then dropped in the following year.

Modelling Pastes Exports

Exports from Japan

In 2021, approx. X tons of modelling pastes, dental wax and dental impression compounds were exported from Japan; growing by 12% compared with 2020 figures. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, modelling pastes exports soared to $X in 2021. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

South Korea (X tons), China (X tons) and the United States (X tons) were the main destinations of modelling pastes exports from Japan, with a combined 69% share of total exports. The Philippines, Singapore, Belgium, Vietnam, Hong Kong SAR and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +92.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and South Korea ($X) appeared to be the largest markets for modelling pastes exported from Japan worldwide, with a combined 56% share of total exports. Belgium, Singapore, Taiwan (Chinese), the Philippines, Vietnam and Hong Kong SAR lagged somewhat behind, together accounting for a further 19%.

In terms of the main countries of destination, Vietnam, with a CAGR of +65.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average modelling pastes export price amounted to $X per ton, jumping by 27% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per ton), while the average price for exports to the Philippines ($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 Taiwan (Chinese) (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Modelling Pastes Imports

Imports into Japan

In 2021, the amount of modelling pastes, dental wax and dental impression compounds imported into Japan rose sharply to X tons, surging by 7.7% against the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, modelling pastes imports amounted to $X in 2021. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by 14% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a 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 Japan, together comprising 88% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +4.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and China ($X) appeared to be the largest modelling pastes suppliers to Japan, together accounting for 70% of total imports. South Korea and Italy lagged somewhat behind, together comprising a further 15%.

South Korea, with a CAGR of +10.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, remaining relatively unchanged against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2020 an increase of 10% against the previous year. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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