EU: Prepared Binders Market 2024

Prepared Binders Market Size in the EU

In 2021, the EU prepared binders market decreased by -19.4% to $X, falling for the third year in a row after three years of growth. The total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -27.2% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Prepared Binders Production in the EU

In value terms, prepared binders production surged to $X in 2021 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 20% against the previous year. The level of production peaked in 2021 and is expected to retain growth in years to come.

Prepared Binders Exports

Exports in the EU

After two years of decline, shipments abroad of prepared binders for foundry moulds or cores increased by 14% to X tons in 2021. The total export volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, prepared binders exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany was the largest exporter of prepared binders for foundry moulds or cores in the European Union, with the volume of exports finishing at X tons, which was approx. 55% of total exports in 2021. Italy (X tons) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by Spain (13%). France (X tons), the Czech Republic (X tons) and Austria (X tons) held a relatively small share of total exports.

Exports from Germany increased at an average annual rate of +1.1% from 2012 to 2021. At the same time, Spain (+18.2%), Italy (+6.6%), France (+6.5%) and the Czech Republic (+4.2%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +18.2% from 2012-2021. By contrast, Austria (-7.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Spain and Italy increased by +9.6 and +5.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest prepared binders supplier in the European Union, comprising 50% of total exports. The second position in the ranking was taken by Italy ($X), with an 18% share of total exports. It was followed by Spain, with a 12% share.

In Germany, prepared binders exports expanded at an average annual rate of +2.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+3.7% per year) and Spain (+9.2% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, growing by 20% against the previous year. Overall, the export price saw a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2013; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.7%), while the other leaders experienced mixed trends in the export price figures.

Prepared Binders Imports

Imports in the EU

After three years of decline, supplies from abroad of prepared binders for foundry moulds or cores increased by 13% to X tons in 2021. The total import volume increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 24% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, prepared binders imports soared to $X in 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 33% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Czech Republic (X tons), Austria (X tons), France (X tons), Belgium (X tons), Poland (X tons), Italy (X tons), Spain (X tons), Slovakia (X tons), Hungary (X tons), Slovenia (X tons), Germany (X tons) and Croatia (X tons) represented roughly 88% of total imports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Spain (with a CAGR of +15.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), France ($X) and Poland ($X) were the countries with the highest levels of imports in 2021, together comprising 35% of total imports. These countries were followed by Spain, Austria, Italy, Germany, Belgium, Slovakia, Slovenia, Hungary and Croatia, which together accounted for a further 44%.

Spain, with a CAGR of +13.6%, 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 the European Union amounted to $X per ton, surging by 15% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 23% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+3.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :