Global Thermoforming Machine Market 2024

Thermoforming Machine Market Size

In 2021, the global thermoforming machine market increased by 21% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2021.

Thermoforming Machine Production

In value terms, thermoforming machine production reduced dramatically to $X in 2021 estimated in export price. In general, production, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 29%. As a result, production reached the peak level of $X, and then dropped notably in the following year.

Thermoforming Machine Exports

Exports

In 2021, approx. X units of thermoforming machines for working rubber or plastics were exported worldwide; falling by -27.8% compared with the year before. Overall, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 122% against the previous year. As a result, the exports attained the peak of X units, and then reduced markedly in the following year.

In value terms, thermoforming machine exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the key exporting country with an export of about X units, which resulted at 44% of total exports. Brazil (X units) took the second position in the ranking, followed by Germany (X units), the Netherlands (X units) and Italy (X units). All these countries together took approx. 31% share of total exports. The following exporters - the UK (X units), the United States (X units), the Czech Republic (X units), Taiwan (Chinese) (X units) and South Korea (X units) - together made up 17% of total exports.

From 2012 to 2021, average annual rates of growth with regard to thermoforming machine exports from China stood at +13.8%. At the same time, the Czech Republic (+19.6%), Brazil (+12.9%), the Netherlands (+12.4%), the UK (+9.5%), the United States (+4.4%) and Italy (+2.9%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in the world, with a CAGR of +19.6% from 2012-2021. By contrast, Germany (-3.5%), Taiwan (Chinese) (-5.9%) and South Korea (-8.5%) illustrated a downward trend over the same period. While the share of China (+21 p.p.), Brazil (+4.8 p.p.), the Czech Republic (+2.4 p.p.) and the Netherlands (+2.4 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Taiwan (Chinese) (-4 p.p.), South Korea (-5.5 p.p.) and Germany (-12.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest thermoforming machine supplying countries worldwide were China ($X), Germany ($X) and Italy ($X), with a combined 54% share of global exports. These countries were followed by Taiwan (Chinese), the United States, South Korea, the Czech Republic, the UK, the Netherlands and Brazil, which together accounted for a further 26%.

The Czech Republic, with a CAGR of +9.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average thermoforming machine export price stood at $X per unit in 2021, with an increase of 73% against the previous year. In general, the export price, however, continues to indicate a noticeable descent. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.5%), while the other global leaders experienced more modest paces of growth.

Thermoforming Machine Imports

Imports

In 2021, after two years of decline, there was significant growth in purchases abroad of thermoforming machines for working rubber or plastics, when their volume increased by 33% to X units. The total import volume increased at an average annual rate of +2.4% 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 2018 when imports increased by 36%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of global imports failed to regain momentum.

In value terms, thermoforming machine imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, global imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

El Salvador (X units) and Spain (X units) were the main importers of thermoforming machines for working rubber or plastics in 2021, finishing at approx. 12% and 9.5% of total imports, respectively. It was followed by the Netherlands (X units), achieving a 5.4% share of total imports. France (X units), Norway (X units), Mexico (X units), Malaysia (X units), Thailand (X units), Canada (X units), Vietnam (X units), Sweden (X units), the United States (X units) and Indonesia (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Norway (with a CAGR of +35.7%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Mexico ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2021, together comprising 14% of global imports. These countries were followed by Thailand, Indonesia, Malaysia, France, Spain, Canada, the Netherlands, Norway, Sweden and El Salvador, which together accounted for a further 12%.

In terms of the main importing countries, Spain, with a CAGR of +19.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average thermoforming machine import price stood at $X per unit in 2021, falling by -11.4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 32% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per unit), while El Salvador ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+11.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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