Asia: Moulds For Metal Market 2024

Moulds For Metal Market Size in Asia

The Asian moulds for metal market shrank to $X in 2022, which is down by -4.5% against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Moulds For Metal Production in Asia

In value terms, moulds for metal production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 18% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Moulds For Metal Exports

Exports in Asia

In 2022, shipments abroad of moulds for metals increased by 5.6% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 19% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, moulds for metal exports amounted to $X in 2022. Overall, exports, however, saw a slight contraction. The pace of growth was the most pronounced in 2021 with an increase of 17%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, accounting for X tons, which was approx. 74% of total exports in 2022. It was distantly followed by South Korea (X tons) and Turkey (X tons), together generating a 15% share of total exports. The following exporters - Japan (X tons) and Taiwan (Chinese) (X tons) - each finished at a 6.2% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to moulds for metal exports from China stood at +1.1%. At the same time, South Korea (+3.7%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia, with a CAGR of +3.7% from 2012-2022. By contrast, Turkey (-1.6%), Taiwan (Chinese) (-6.8%) and Japan (-8.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and South Korea increased by +9.4 and +3.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest moulds for metal supplier in Asia, comprising 62% of total exports. The second position in the ranking was held by Japan ($X), with an 11% share of total exports. It was followed by South Korea, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +2.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-9.6% per year) and South Korea (-0.6% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, shrinking by -3% against the previous year. Over the period under review, the export price continues to indicate a mild reduction. The pace of growth was the most pronounced in 2021 when the export price increased by 5.3% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.3%), while the other leaders experienced more modest paces of growth.

Moulds For Metal Imports

Imports in Asia

In 2022, the amount of moulds for metals imported in Asia shrank to X tons, which is down by -4.3% against the previous year. In general, imports continue to indicate a mild decline. The most prominent rate of growth was recorded in 2018 with an increase of 19%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, moulds for metal imports declined to $X in 2022. Overall, imports continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 10% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of moulds for metal imports in 2022 were Japan (X tons), Malaysia (X tons), Thailand (X tons), India (X tons), Indonesia (X tons), Vietnam (X tons), China (X tons), South Korea (X tons), Singapore (X tons), Turkey (X tons), Taiwan (Chinese) (X tons) and the United Arab Emirates (X tons), together recording 89% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United Arab Emirates (with a CAGR of +13.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, together comprising 44% of total imports. Vietnam, Malaysia, Indonesia, India, Singapore, Turkey, South Korea, Taiwan (Chinese) and the United Arab Emirates lagged somewhat behind, together comprising a further 47%.

The United Arab Emirates, with a CAGR of +11.2%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, shrinking by -4.1% against the previous year. In general, the import price showed a perceptible decrease. The pace of growth was the most pronounced in 2019 when the import price increased by 11% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform