Eastern Asia: Prepared Binders Market 2025

Prepared Binders Market Size in Eastern Asia

The East Asian prepared binders market declined to $X in 2021, almost unchanged from the previous year. Overall, consumption, however, continues to indicate a resilient increase. The level of consumption peaked at $X in 2020, and then reduced modestly in the following year.

Prepared Binders Production in Eastern Asia

In value terms, prepared binders production amounted to $X in 2021 estimated in export price. In general, production, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 34%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Prepared Binders Exports

Exports in Eastern Asia

Prepared binders exports skyrocketed to X tons in 2021, growing by 23% compared with the year before. The total export volume increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 26% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, prepared binders exports skyrocketed to $X in 2021. Total exports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) represented the largest exporter of prepared binders for foundry moulds or cores, generating 69% of total exports. South Korea (X tons) ranks second in terms of the total exports with an 18% share, followed by Taiwan (Chinese) (12%). Japan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to prepared binders exports from China stood at +1.3%. At the same time, South Korea (+42.4%), Taiwan (Chinese) (+3.2%) and Japan (+2.5%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +42.4% from 2012-2021. From 2012 to 2021, the share of South Korea increased by +17 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest prepared binders supplier in Eastern Asia, comprising 79% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 11% share of total exports. It was followed by South Korea, with a 7% share.

In China, prepared binders exports increased at an average annual rate of +3.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+1.4% per year) and South Korea (+39.5% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, rising by 23% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the other leaders experienced a decline in the export price figures.

Prepared Binders Imports

Imports in Eastern Asia

In 2021, the amount of prepared binders for foundry moulds or cores imported in Eastern Asia skyrocketed to X tons, rising by 23% on 2020. Total imports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +30.5% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 34%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, prepared binders imports soared to $X in 2021. Total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.0% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 46%. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Imports by Country

In 2021, South Korea (X tons) and China (X tons) represented the main importers of prepared binders for foundry moulds or cores in Eastern Asia, together reaching approx. 70% of total imports. Taiwan (Chinese) (X tons) held the next position in the ranking, followed by Japan (X tons). All these countries together took approx. 30% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Taiwan (Chinese) (with a CAGR of +12.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared binders importing markets in Eastern Asia were China ($X), South Korea ($X) and Taiwan (Chinese) ($X), with a combined 93% share of total imports.

Taiwan (Chinese), with a CAGR of +12.5%, recorded the highest growth rate of the value of imports, in terms of 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

In 2021, the import price in Eastern Asia amounted to $X per ton, leveling off at the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2020 an increase of 38% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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