Europe: Prepared Binders Market 2025

Prepared Binders Market Size in Europe

In 2021, the Europe prepared binders market decreased by -10.9% to $X, falling for the third year in a row after three years of growth. The total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -20.4% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Prepared Binders Production in Europe

In value terms, prepared binders production expanded markedly to $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 24% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Prepared Binders Exports

Exports in Europe

In 2021, after two years of decline, there was significant growth in overseas shipments of prepared binders for foundry moulds or cores, when their volume increased by 14% to X tons. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. 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 +1.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Germany (X tons) represented the key exporter of prepared binders for foundry moulds or cores, committing 50% of total exports. Italy (X tons) held a 15% share (based on physical terms) of total exports, which put it in second place, followed by Spain (12%) and the UK (6.7%). France (X tons), the Czech Republic (X tons) and Russia (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 Germany stood at +1.1%. At the same time, Spain (+18.2%), Italy (+6.6%), France (+6.5%), the Czech Republic (+4.2%) and the UK (+1.8%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in Europe, with a CAGR of +18.2% from 2012-2021. Russia experienced a relatively flat trend pattern. Spain (+8.8 p.p.) and Italy (+5.1 p.p.) significantly strengthened its position in terms of the total exports, while Germany saw its share reduced by -3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest prepared binders supplier in Europe, comprising 41% of total exports. The second position in the ranking was taken by Italy ($X), with a 15% share of total exports. It was followed by the UK, with a 13% share.

In Germany, prepared binders exports increased at an average annual rate of +2.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Italy (+3.7% per year) and the UK (+1.7% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, surging by 19% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 19% against the previous year. The level of export peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

Prices varied noticeably country of origin: 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 Europe

In 2021, supplies from abroad of prepared binders for foundry moulds or cores increased by 13% to X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 21%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, prepared binders imports skyrocketed to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 30%. 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), Russia (X tons), Slovakia (X tons), Hungary (X tons), Slovenia (X tons) and Germany (X tons) represented roughly 77% of total imports in 2021. Croatia (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +15.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared binders importing markets in Europe were the Czech Republic ($X), France ($X) and Poland ($X), with a combined 28% share of total imports. These countries were followed by Spain, Russia, Austria, Italy, Germany, Belgium, Slovakia, Slovenia, Hungary and Croatia, which together accounted for a further 42%.

In terms of the main importing countries, Spain, with a CAGR of +13.6%, recorded 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 Europe stood at $X per ton in 2021, growing by 15% against the previous year. Over the period under review, the import price, however, continues to indicate a slight slump. The pace of growth appeared the most rapid in 2018 an increase of 22%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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