Mould For Glass Market

The article provides detailed insights into the global market for moulds for glass, highlighting the projected increase in consumption, production, imports, and exports from 2022 to 2030. The market is anticipated to experience a CAGR of +5.9% in volume and +8.6% in value, reaching 167M units and $7.1B by 2030. Key trends include a rise in consumption after years of decline, with China leading in both consumption and production. Other significant players include India, the United States, and major importers and exporters like Russia, Germany, and Italy. The article also discusses fluctuations in prices, with varying trends in different countries and notable growth rates observed in certain regions.

Market Forecast

Driven by increasing demand for moulds for glass worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +5.9% for the period from 2022 to 2030, which is projected to bring the market volume to 167M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +8.6% for the period from 2022 to 2030, which is projected to bring the market value to $7.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Moulds For Glass

In 2022, consumption of moulds for glass increased by 0.4% to 105M units, rising for the second consecutive year after three years of decline. In general, the total consumption indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.5% against 2020 indices. Global consumption peaked at 123M units in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

The global mould for glass market revenue rose to $3.7B in 2022, with an increase of 2.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.0% 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 +4.4% against 2019 indices. Global consumption peaked at $4B in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Consumption By Country

China (27M units) constituted the country with the largest volume of mould for glass consumption, accounting for 25% of total volume. Moreover, mould for glass consumption in China exceeded the figures recorded by the second-largest consumer, India (10M units), threefold. The United States (8.5M units) ranked third in terms of total consumption with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +9.1%. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+7.7% per year) and the United States (+9.6% per year).

In value terms, China ($1.1B) led the market, alone. The second position in the ranking was held by the United States ($536M). It was followed by Japan.

In China, the mould for glass market expanded at an average annual rate of +11.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+9.6% per year) and Japan (+9.2% per year).

The countries with the highest levels of mould for glass per capita consumption in 2022 were the UK (46 units per 1000 persons), Russia (44 units per 1000 persons) and Italy (39 units per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the UK (with a CAGR of +12.6%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Moulds For Glass

Global mould for glass production fell slightly to 103M units in 2022, shrinking by -1.8% compared with 2021 figures. Over the period under review, the total production indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.3% 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 +0.5% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 31%. Over the period under review, global production reached the peak volume at 121M units in 2017; however, from 2018 to 2022, production remained at a lower figure.

In value terms, mould for glass production declined to $4B in 2022 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.7% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by 30% against the previous year. Global production peaked at $4.7B in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Production By Country

China (28M units) remains the largest mould for glass producing country worldwide, comprising approx. 27% of total volume. Moreover, mould for glass production in China exceeded the figures recorded by the second-largest producer, India (9.7M units), threefold. The third position in this ranking was taken by the United States (8.4M units), with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume in China amounted to +5.8%. In the other countries, the average annual rates were as follows: India (+8.1% per year) and the United States (+12.0% per year).

Imports

World Imports of Moulds For Glass

In 2022, after two years of decline, there was significant growth in overseas purchases of moulds for glass, when their volume increased by 14% to 35M units. Overall, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, mould for glass imports surged to $704M in 2022. The total import value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports By Country

The purchases of the twelve major importers of moulds for glass, namely Russia, Romania, Turkey, the UK, Germany, France, Italy, Mexico, Portugal, China, Spain and Hungary, represented more than half of total import. Croatia (999K units) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Croatia (with a CAGR of +35.1%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest mould for glass importing markets worldwide were Russia ($44M), Germany ($40M) and Italy ($37M), together comprising 17% of global imports. France, Mexico, the UK, Turkey, China, Portugal, Croatia, Spain, Romania and Hungary lagged somewhat behind, together comprising a further 32%.

In terms of the main importing countries, Croatia, with a CAGR of +24.1%, recorded the highest rates of growth with regard to 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 mould for glass import price stood at $20 per unit in 2022, surging by 4.5% against the previous year. Overall, the import price, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2021 an increase of 12% against the previous year. Global import price peaked at $25 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($26 per unit), while Romania ($4.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.8%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Moulds For Glass

Global mould for glass exports reached 32M units in 2022, picking up by 6.5% compared with the previous year's figure. Overall, total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.0% 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 +13.8% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 21% against the previous year. The global exports peaked at 35M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, mould for glass exports surged to $741M in 2022. The total export value increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports By Country

The biggest shipments were from Slovenia (6.2M units), Italy (5.9M units), Croatia (4.2M units) and Turkey (3.8M units), together recording 62% of total export. China (2.1M units) ranks next in terms of the total exports with a 6.6% share, followed by Poland (5.9%). Romania (1,281K units), Portugal (1,015K units), the Czech Republic (707K units), Taiwan (Chinese) (625K units), the United States (618K units), Denmark (543K units) and Hungary (515K units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +18.1%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest mould for glass supplying countries worldwide were China ($189M), Croatia ($144M) and Turkey ($87M), with a combined 57% share of global exports. Italy, Romania, Denmark, Slovenia, Portugal, Poland, the United States, Hungary, the Czech Republic and Taiwan (Chinese) lagged somewhat behind, together comprising a further 31%.

Among the main exporting countries, Denmark, with a CAGR of +22.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average mould for glass export price amounted to $23 per unit, growing by 11% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($89 per unit), while Slovenia ($4.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform