Thailand: Modelling Pastes Market 2024

Modelling Pastes Market Size in Thailand

The Thai modelling pastes market fell to $X in 2021, declining by -11.7% against the previous year. Overall, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.0% 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 +37.6% against 2019 indices. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Modelling Pastes Production in Thailand

In value terms, modelling pastes production surged to $X in 2021 estimated in export price. Over the period under review, the total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.0% 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 decreased by -25.8% against 2019 indices. Modelling pastes production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Modelling Pastes Exports

Exports from Thailand

After two years of decline, overseas shipments of modelling pastes, dental wax and dental impression compounds increased by 6,276% to X tons in 2021. Over the period under review, exports recorded prominent growth. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, modelling pastes exports soared to $X in 2021. In general, exports showed moderate growth. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), India (X tons) and Canada (X tons) were the main destinations of modelling pastes exports from Thailand, together comprising 39% of total exports. The Philippines, Saudi Arabia, Israel, Vietnam, the United Arab Emirates, Chile, Sri Lanka, Egypt, Greece and Australia lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Sri Lanka (with a CAGR of +28.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for modelling pastes, dental wax and dental impression compounds exports from Thailand, comprising 21% of total exports. The second position in the ranking was held by India ($X), with a 10% share of total exports. It was followed by Saudi Arabia, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+14.7% per year) and Saudi Arabia (+14.5% per year).

Export Prices by Country

In 2021, the average modelling pastes export price amounted to $X per ton, falling by -25.9% against the previous year. In general, the export price recorded a mild curtailment. The pace of growth was the most pronounced in 2019 an increase of 33%. The export price peaked at $X per ton in 2020, and then contracted significantly in the following year.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Canada ($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 the United Arab Emirates (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Modelling Pastes Imports

Imports into Thailand

In 2021, supplies from abroad of modelling pastes, dental wax and dental impression compounds increased by 74% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a noticeable reduction. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, modelling pastes imports skyrocketed to $X in 2021. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 39%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Italy (X tons), China (X tons) and Germany (X tons) were the main suppliers of modelling pastes imports to Thailand, together accounting for 73% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +4.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Italy ($X) and the United States ($X) constituted the largest modelling pastes suppliers to Thailand, together accounting for 81% of total imports.

Italy, with a CAGR of +5.6%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average modelling pastes import price amounted to $X per ton, waning by -23.2% against the previous year. In general, the import price, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2020 an increase of 75%. As a result, import price attained the peak level of $X per ton, and then reduced remarkably 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 (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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