Asia-Pacific: Market for Moulds For Mineral Materials 2024

Market Size for Moulds For Mineral Materials in Asia-Pacific

In 2022, the Asia-Pacific mould for mineral materials market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the market value increased by 9.4% against the previous year. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Moulds For Mineral Materials in Asia-Pacific

In value terms, mould for mineral materials production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 5.8% against the previous year. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports of Moulds For Mineral Materials

Exports in Asia-Pacific

In 2022, overseas shipments of moulds for mineral materials increased by 10% to X units, rising for the second consecutive year after two years of decline. Total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 38% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, mould for mineral materials exports rose markedly to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.3% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 35%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China represented the largest exporting country with an export of around X units, which recorded 55% of total exports. South Korea (X units) took the second position in the ranking, followed by Malaysia (X units) and India (X units). All these countries together held near 37% share of total exports. The following exporters - Vietnam (X units) and Thailand (X units) - each recorded a 3.8% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to mould for mineral materials exports from China stood at +5.5%. At the same time, India (+36.1%), Vietnam (+30.8%), Thailand (+25.6%), Malaysia (+6.8%) and South Korea (+1.7%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +36.1% from 2012-2022. While the share of India (+4.5 p.p.), Malaysia (+1.9 p.p.) and Vietnam (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (-7.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest mould for mineral materials supplier in Asia-Pacific, comprising 49% of total exports. The second position in the ranking was held by Malaysia ($X), with a 12% share of total exports. It was followed by South Korea, with a 10% share.

In China, mould for mineral materials exports increased at an average annual rate of +13.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+3.2% per year) and South Korea (-0.4% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, remaining stable against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 14%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a 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 Thailand ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.3%), while the other leaders experienced a decline in the export price figures.

Imports of Moulds For Mineral Materials

Imports in Asia-Pacific

In 2022, purchases abroad of moulds for mineral materials increased by 9.7% to X units, rising for the second year in a row after two years of decline. In general, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 61% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, mould for mineral materials imports reached $X in 2022. Total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +19.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 39% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X units) and Malaysia (X units) were the major importers of moulds for mineral materials in Asia-Pacific, together reaching approx. 58% of total imports. It was distantly followed by Vietnam (X units), mixing up a 9.2% share of total imports. The following importers - Thailand (X units), Hong Kong SAR (X units), Indonesia (X units), South Korea (X units), Bangladesh (X units), Sri Lanka (X units), Australia (X units), Cambodia (X units), Singapore (X units) and Taiwan (Chinese) (X units) - together made up 29% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bangladesh (with a CAGR of +24.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Malaysia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 59% of total imports. These countries were followed by Australia, Singapore, Thailand, Indonesia, South Korea, Bangladesh, Hong Kong SAR, Sri Lanka, Taiwan (Chinese) and Cambodia, which together accounted for a further 28%.

In terms of the main importing countries, South Korea, with a CAGR of +17.2%, 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 import price in Asia-Pacific stood at $X per unit in 2022, shrinking by -2.8% against the previous year. In general, the import price recorded a pronounced decline. The growth pace was the most rapid in 2020 an increase of 14% against the previous year. Over the period under review, import prices hit record highs at $X per unit 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 Singapore ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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