France: Metal Castor Mounting Market 2024

Metal Castor Mounting Market Size in France

For the third year in a row, the French metal castor mounting market recorded decline in sales value, which decreased by -13.7% to $X in 2022. Over the period under review, consumption continues to indicate a noticeable curtailment. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Metal Castor Mounting Production in France

In value terms, metal castor mounting production contracted modestly to $X in 2022 estimated in export price. In general, production faced a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of 34% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Metal Castor Mounting Exports

Exports from France

In 2022, overseas shipments of castors with mountings of base metal increased by 2.5% to X tons, rising for the second year in a row after two years of decline. In general, exports saw a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by 206%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, metal castor mounting exports dropped to $X in 2022. Over the period under review, exports showed strong growth. The growth pace was the most rapid in 2021 with an increase of 227% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

Germany (X tons) was the main destination for metal castor mounting exports from France, accounting for a 41% share of total exports. Moreover, metal castor mounting exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), fivefold. The UK (X tons) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+17.2% per year) and the UK (+34.4% per year).

In value terms, Germany ($X) remains the key foreign market for castors with mountings of base metal exports from France, comprising 35% of total exports. The second position in the ranking was held by Italy ($X), with an 8.4% share of total exports. It was followed by the UK, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +25.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+21.5% per year) and the UK (+35.5% per year).

Export Prices by Country

In 2022, the average metal castor mounting export price amounted to $X per ton, shrinking by -2.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2017 an increase of 18% against the previous year. The export price peaked at $X per ton in 2021, and then fell in the following year.

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 Belgium ($X per ton), while the average price for exports to Ireland ($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 Poland (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Castor Mounting Imports

Imports into France

In 2022, metal castor mounting imports into France fell to X tons, declining by -11.9% on the previous year's figure. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when imports increased by 34% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, metal castor mounting imports dropped to $X in 2022. The total import value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 29%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

China (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of metal castor mounting imports to France, with a combined 66% share of total imports. Belgium, the Netherlands, the UK, Poland and Ireland lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +41.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal castor mounting suppliers to France were China ($X), Germany ($X) and Belgium ($X), with a combined 57% share of total imports. Italy, the Netherlands, the UK, Poland and Ireland lagged somewhat behind, together accounting for a further 26%.

In terms of the main suppliers, the Netherlands, with a CAGR of +36.2%, saw the highest growth rate of 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

In 2022, the average metal castor mounting import price amounted to $X per ton, growing by 6.5% against 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 2018 an increase of 30%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 Ireland ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :