India: Moulds For Metal Market 2024

Moulds For Metal Market Size in India

The Indian moulds for metal market was estimated at $X in 2022, approximately equating the previous year. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.5% against 2020 indices. Moulds for metal consumption peaked in 2022 and is likely to continue growth in years to come.

Moulds For Metal Production in India

In value terms, moulds for metal production declined to $X in 2022 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +8.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 58% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Moulds For Metal Exports

Exports from India

In 2022, shipments abroad of moulds for metals increased by 23% to X tons, rising for the second year in a row after two years of decline. In general, total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.2% 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 +58.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 66%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, moulds for metal exports expanded remarkably to $X in 2022. Overall, total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +37.9% against 2020 indices. The pace of growth was the most pronounced in 2018 when exports increased by 44%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States (X tons), Kenya (X tons) and Nepal (X tons) were the main destinations of moulds for metal exports from India, together accounting for 45% of total exports.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of +26.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for moulds for metals exports from India, comprising 23% of total exports. The second position in the ranking was taken by Kenya ($X), with a 7.5% share of total exports. It was followed by Nepal, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+17.7% per year) and Nepal (+19.8% per year).

Export Prices by Country

The average moulds for metal export price stood at $X per ton in 2022, waning by -9.5% 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 2013 an increase of 30% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Nepal ($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 the United States (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Moulds For Metal Imports

Imports into India

In 2022, moulds for metal imports into India skyrocketed to X tons, with an increase of 30% against the previous year. Overall, imports showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 77% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, moulds for metal imports declined to $X in 2022. Over the period under review, imports, however, recorded a mild curtailment. The pace of growth was the most pronounced in 2018 when imports increased by 21% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of moulds for metal to India, accounting for a 85% share of total imports. Moreover, moulds for metal imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold. The third position in this ranking was held by South Korea (X tons), with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+30.9% per year) and South Korea (-3.8% per year).

In value terms, China ($X) constituted the largest supplier of moulds for metals to India, comprising 67% of total imports. The second position in the ranking was held by South Korea ($X), with an 11% share of total imports. It was followed by Taiwan (Chinese), with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-1.5% per year) and Taiwan (Chinese) (-9.9% per year).

Import Prices by Country

The average moulds for metal import price stood at $X per ton in 2022, dropping by -23.9% against the previous year. Overall, the import price showed a deep downturn. The growth pace was the most rapid in 2013 when the average import price increased by 9.6% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 South Korea ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform