United Kingdom: Moulds For Metal Market 2024

Moulds For Metal Market Size in the UK

The UK moulds for metal market expanded remarkably to $X in 2022, rising by 9.1% against the previous year. Overall, consumption, however, faced a drastic downturn. Moulds for metal consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Moulds For Metal Production in the UK

In value terms, moulds for metal production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, saw a deep reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 14% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Moulds For Metal Exports

Exports from the UK

In 2022, shipments abroad of moulds for metals decreased by -1.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 223% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, moulds for metal exports contracted remarkably to $X in 2022. In general, exports continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 100%. As a result, the exports attained the peak of $X, and then fell rapidly in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for moulds for metal exports from the UK, with a 24% share of total exports. Moreover, moulds for metal exports to the United Arab Emirates exceeded the volume sent to the second major destination, Ireland (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+23.6% per year) and Germany (+16.6% per year).

In value terms, the United States ($X) remains the key foreign market for moulds for metals exports from the UK, comprising 24% of total exports. The second position in the ranking was held by Turkey ($X), with a 9.8% share of total exports. It was followed by France, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+5.6% per year) and France (+11.0% per year).

Export Prices by Country

In 2022, the average moulds for metal export price amounted to $X per ton, reducing by -17.8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 57%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 the United States ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+16.4%), while the prices for the other major destinations experienced mixed trend patterns.

Moulds For Metal Imports

Imports into the UK

In 2022, moulds for metal imports into the UK expanded notably to X tons, increasing by 7.8% on 2021 figures. Overall, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 28%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, moulds for metal imports shrank to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2018 when imports increased by 26% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of moulds for metal imports to the UK, together accounting for 52% of total imports. The United States, Spain, Canada, Poland, Taiwan (Chinese), Japan and Hong Kong SAR lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +133.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest moulds for metal suppliers to the UK were China ($X), Germany ($X) and Italy ($X), together comprising 51% of total imports. Spain, the United States, Japan, Canada, Taiwan (Chinese), Poland and Hong Kong SAR lagged somewhat behind, together accounting for a further 28%.

Poland, with a CAGR of +80.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 moulds for metal import price amounted to $X per ton, which is down by -13.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2013 an increase of 26% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform