Myanmar: Modelling Pastes Market 2024

Modelling Pastes Market Size in Myanmar

In 2021, the Myanmar's modelling pastes market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. In general, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.1% 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 decreased by -28.7% against 2016 indices. Modelling pastes consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Modelling Pastes Production in Myanmar

In value terms, modelling pastes production rose markedly to $X in 2021 estimated in export price. Overall, the total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -34.3% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 27%. Modelling pastes production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Modelling Pastes Exports

Exports from Myanmar

Modelling pastes exports from Myanmar shrank dramatically to X kg in 2021, waning by -68.5% compared with 2020. In general, exports showed a sharp setback. The pace of growth was the most pronounced in 2017 with an increase of 1,032% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, modelling pastes exports contracted dramatically to $X in 2021. Overall, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 697%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Luxembourg (X kg) and South Korea (X kg) were the main destinations of modelling pastes exports from Myanmar.

From 2012 to 2021, the biggest increases were recorded for Luxembourg (with a CAGR of -35.5%).

In value terms, South Korea ($X) remains the key foreign market for modelling pastes, dental wax and dental impression compounds exports from Myanmar, comprising 71% of total exports. The second position in the ranking was taken by Luxembourg ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual growth rate of value to South Korea amounted to -30.2%.

Export Prices by Country

In 2021, the average modelling pastes export price amounted to $X per ton, jumping by 31% against the previous year. Over the period under review, the export price recorded a prominent expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 63%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

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 Luxembourg totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+16.5%), while the prices for the other major destinations experienced mixed trend patterns.

Modelling Pastes Imports

Imports into Myanmar

In 2021, approx. X tons of modelling pastes, dental wax and dental impression compounds were imported into Myanmar; almost unchanged from the previous year. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 395% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, modelling pastes imports soared to $X in 2021. Over the period under review, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 244%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of modelling pastes to Myanmar, with a 51% share of total imports. Moreover, modelling pastes imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. India (X tons) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +110.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+110.3% per year) and India (+32.8% per year).

In value terms, China ($X), Italy ($X) and the Netherlands ($X) constituted the largest modelling pastes suppliers to Myanmar, with a combined 54% share of total imports.

Among the main suppliers, China, with a CAGR of +91.3%, saw the highest rates of growth with regard to 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, with an increase of 22% against the previous year. In general, the import price, however, continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2016 when the average import price increased by 44%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+13.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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