EU: Metal Castor Mounting Market 2024

Metal Castor Mounting Market Size in the EU

The EU metal castor mounting market dropped slightly to $X in 2022, reducing by -3.8% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then contracted modestly in the following year.

Metal Castor Mounting Production in the EU

In value terms, metal castor mounting production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 8.6%. Over the period under review, production hit record highs in 2022 and is expected to retain growth in years to come.

Metal Castor Mounting Exports

Exports in the EU

In 2022, after two years of growth, there was significant decline in shipments abroad of castors with mountings of base metal, when their volume decreased by -6.2% to X tons. The total export volume increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 15%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, metal castor mounting exports reduced slightly to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value 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 +70.3% against 2015 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 20%. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped in the following year.

Exports by Country

Germany (X tons) and Italy (X tons) represented the largest exporters of castors with mountings of base metal in 2022, reaching near 23% and 17% of total exports, respectively. Ireland (X tons) took the next position in the ranking, followed by the Czech Republic (X tons), France (X tons), Sweden (X tons), Slovakia (X tons) and Spain (X tons). All these countries together took near 46% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Czech Republic (with a CAGR of +17.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest metal castor mounting supplier in the European Union, comprising 39% of total exports. The second position in the ranking was held by Italy ($X), with a 12% share of total exports. It was followed by France, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany stood at +3.8%. In the other countries, the average annual rates were as follows: Italy (+3.5% per year) and France (+16.4% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, picking up by 6.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2021 when the export price increased by 13% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.9%), while the other leaders experienced more modest paces of growth.

Metal Castor Mounting Imports

Imports in the EU

In 2022, approx. X tons of castors with mountings of base metal were imported in the European Union; declining by -8.8% against 2021. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, metal castor mounting imports shrank to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +22.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 25%. As a result, imports reached the peak of $X, and then dropped modestly in the following year.

Imports by Country

In 2022, Germany (X tons), distantly followed by Poland (X tons), Spain (X tons), France (X tons), the Netherlands (X tons), Italy (X tons) and the Czech Republic (X tons) represented the major importers of castors with mountings of base metal, together achieving 71% of total imports. Belgium (X tons), Sweden (X tons), Austria (X tons), Slovakia (X tons), Romania (X tons) and Lithuania (X tons) took a little share of total imports.

Germany experienced a relatively flat trend pattern with regard to volume of imports of castors with mountings of base metal. At the same time, Poland (+14.8%), Spain (+11.8%), the Czech Republic (+11.0%), Italy (+10.0%), the Netherlands (+8.0%), Lithuania (+4.3%), Romania (+3.5%), Belgium (+2.1%), Slovakia (+1.9%) and France (+1.2%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the European Union, with a CAGR of +14.8% from 2012-2022. Sweden experienced a relatively flat trend pattern. By contrast, Austria (-1.6%) illustrated a downward trend over the same period. Poland (+6.5 p.p.), Spain (+5.1 p.p.), Italy (+3.2 p.p.), the Czech Republic (+3 p.p.) and the Netherlands (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while Austria, France and Germany saw its share reduced by -2.2%, -2.6% and -11.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported castors with mountings of base metal in the European Union, comprising 25% of total imports. The second position in the ranking was held by Spain ($X), with a 9.9% share of total imports. It was followed by France, with an 8.1% share.

In Germany, metal castor mounting imports increased at an average annual rate of +1.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Spain (+16.4% per year) and France (+2.6% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, growing by 7.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2017 when the import price increased by 10%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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