Malaysia: Modelling Pastes Market 2024

Modelling Pastes Market Size in Malaysia

The Malaysian modelling pastes market dropped slightly to $X in 2021, shrinking by -3.2% against the previous year. Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +97.4% against 2013 indices. Over the period under review, the market hit record highs at $X in 2020, and then shrank slightly in the following year.

Modelling Pastes Production in Malaysia

In value terms, modelling pastes production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 21%. As a result, production attained the peak level of $X, and then fell in the following year.

Modelling Pastes Exports

Exports from Malaysia

Modelling pastes exports from Malaysia dropped to X tons in 2021, with a decrease of -14.1% on the previous year's figure. Overall, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 60%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, modelling pastes exports reached $X in 2021. In general, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2015 when exports increased by 54% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X tons), Chile (X tons) and Saudi Arabia (X tons) were the main destinations of modelling pastes exports from Malaysia, with a combined 65% share of total exports. These countries were followed by Ecuador, Greece, Colombia, Australia, the United States, the Philippines, Vietnam, Maldives and Spain, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +31.4%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the key foreign market for modelling pastes, dental wax and dental impression compounds exports from Malaysia, comprising 62% of total exports. The second position in the ranking was taken by Chile ($X), with a 12% share of total exports. It was followed by Saudi Arabia, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to Singapore totaled +23.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+1.2% per year) and Saudi Arabia (-9.5% per year).

Export Prices by Country

The average modelling pastes export price stood at $X per ton in 2021, rising by 22% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: among the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to the United States ($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 Singapore (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Modelling Pastes Imports

Imports into Malaysia

After three years of decline, purchases abroad of modelling pastes, dental wax and dental impression compounds increased by 41% to X tons in 2021. Overall, imports showed a relatively flat trend pattern. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, modelling pastes imports soared to $X in 2021. In general, imports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2015 with an increase of 62%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Thailand (X tons) and India (X tons) were the main suppliers of modelling pastes imports to Malaysia, with a combined 69% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +29.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Thailand ($X) constituted the largest modelling pastes suppliers to Malaysia, together accounting for 54% of total imports.

Thailand, with a CAGR of +25.6%, recorded the highest growth rate of the value of imports, among 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, stabilizing at the previous year. In general, the import price, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2015 when the average import price increased by 23% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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 Hong Kong SAR ($X per ton), while the price for Indonesia ($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 (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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