United Kingdom: Mould For Glass Market 2024

Mould For Glass Market Size in the UK

In 2021, the UK mould for glass market increased by 3.5% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, enjoyed prominent growth. Mould for glass consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Mould For Glass Production in the UK

In value terms, mould for glass production shrank dramatically to $X in 2021 estimated in export price. Overall, production, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 130%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Mould For Glass Exports

Exports from the UK

In 2021, overseas shipments of moulds for glass decreased by -35.9% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2015 when exports increased by 334% against the previous year. Over the period under review, the exports hit record highs at X units in 2020, and then fell remarkably in the following year.

In value terms, mould for glass exports surged to $X in 2021. Over the period under review, exports, however, showed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), Poland (X units) and Italy (X units) were the main destinations of mould for glass exports from the UK, together accounting for 38% of total exports. Nigeria, France, Croatia, Brazil, Austria, Australia, Saudi Arabia, Slovenia, Peru and China lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +157.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Austria ($X) and Poland ($X) were the largest markets for mould for glass exported from the UK worldwide, with a combined 27% share of total exports. These countries were followed by Australia, Saudi Arabia, Croatia, the United States, Nigeria, Peru, China, Italy, France and Slovenia, which together accounted for a further 38%.

Among the main countries of destination, Australia, with a CAGR of +164.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average mould for glass export price amounted to $X per unit, rising by 260% against the previous year. Overall, the export price saw a measured expansion. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Mould For Glass Imports

Imports into the UK

After two years of decline, overseas purchases of moulds for glass increased by 20% to X units in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -10.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 47%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, mould for glass imports surged to $X in 2021. The total import value increased at an average annual rate of +5.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Croatia (X units) constituted the largest supplier of mould for glass to the UK, with a 40% share of total imports. Moreover, mould for glass imports from Croatia exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Hungary (X units), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from Croatia amounted to +39.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.1% per year) and Hungary (+2.0% per year).

In value terms, Croatia ($X) constituted the largest supplier of moulds for glass to the UK, comprising 47% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by Hungary, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Croatia amounted to +41.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.2% per year) and Hungary (-6.5% per year).

Import Prices by Country

In 2021, the average mould for glass import price amounted to $X per unit, surging by 16% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 25% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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