China: Moulds For Metal Market 2024

Moulds For Metal Market Size in China

For the fourth year in a row, the Chinese moulds for metal market recorded decline in sales value, which decreased by -8.3% to $X in 2022. In general, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -20.4% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Moulds For Metal Production in China

In value terms, moulds for metal production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 33%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Moulds For Metal Exports

Exports from China

In 2022, overseas shipments of moulds for metals increased by 11% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 32%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, moulds for metal exports expanded notably to $X in 2022. The total export value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 30%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

India (X tons), Japan (X tons) and the United States (X tons) were the main destinations of moulds for metal exports from China, with a combined 14% share of total exports. Germany, Indonesia, Mexico, Vietnam, Thailand, Malaysia, Spain, South Korea, Italy and Russia lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +12.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), India ($X) and Mexico ($X) appeared to be the largest markets for moulds for metal exported from China worldwide, with a combined 14% share of total exports. Japan, Germany, Vietnam, Malaysia, Thailand, South Korea, Russia, Indonesia, Spain and Italy lagged somewhat behind, together comprising a further 20%.

In terms of the main countries of destination, Malaysia, with a CAGR of +14.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average moulds for metal export price stood at $X per ton in 2022, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2021 an increase of 15% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Moulds For Metal Imports

Imports into China

In 2022, moulds for metal imports into China reduced sharply to X tons, shrinking by -42.4% against 2021 figures. In general, imports faced a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 19%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, moulds for metal imports reduced notably to $X in 2022. Overall, imports faced a deep downturn. The pace of growth appeared the most rapid in 2013 when imports increased by 30%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Korea (X tons), Japan (X tons) and Germany (X tons) were the main suppliers of moulds for metal imports to China, together comprising 34% of total imports. Italy, the United States, Thailand and Vietnam lagged somewhat behind, together comprising a further 5.6%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +31.2%), while imports for the other leaders experienced a decline.

In value terms, Japan ($X), South Korea ($X) and Germany ($X) constituted the largest moulds for metal suppliers to China, together comprising 33% of total imports. Italy, the United States, Vietnam and Thailand lagged somewhat behind, together accounting for a further 7.9%.

Vietnam, with a CAGR of +44.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average moulds for metal import price stood at $X per ton in 2022, with an increase of 18% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform