Moulds for Metal Market

The global moulds for metals market is expected to see significant growth from 2022 to 2030, with a projected CAGR of +3.0% in volume and +4.9% in value. China, India, and the United States are the key players in this market, both in terms of consumption and production. The market peaked in 2018 but saw some fluctuations in subsequent years. China dominates exports with a 57% share, while China, Italy, and Japan are the top exporters in value terms. Moulds for metal production and imports have shown some decline in recent years, with prices remaining relatively stable. Overall, the market is driven by increasing demand for moulds for metals worldwide.

Market Forecast

Driven by increasing demand for moulds for metals 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 +3.0% for the period from 2022 to 2030, which is projected to bring the market volume to 1.5B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.9% for the period from 2022 to 2030, which is projected to bring the market value to $27.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Moulds for Metal

In 2022, the amount of moulds for metals consumed worldwide dropped slightly to 1.2B units, which is down by -4% on the previous year's figure. The total consumption volume increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at 1.5B units in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

The global moulds for metal market size totaled $18.8B in 2022, approximately reflecting 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). The market value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market reached the peak level at $21.3B in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (277M units), India (138M units) and the United States (132M units), with a combined 47% share of global consumption. Brazil, Indonesia, Japan, Germany, Mexico, Italy, South Korea, Nigeria, Thailand and Spain lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +30.7%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($5.4B) led the market, alone. The second position in the ranking was held by China ($2.1B). It was followed by Japan.

In the United States, the moulds for metal market expanded at an average annual rate of +7.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+3.8% per year) and Japan (-0.1% per year).

The countries with the highest levels of moulds for metal per capita consumption in 2022 were South Korea (537 units per 1000 persons), Germany (499 units per 1000 persons) and Italy (480 units per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Nigeria (with a CAGR of +27.5%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Moulds for Metal

In 2022, global production of moulds for metals contracted slightly to 1.2B units, shrinking by -2.5% against the previous year's figure. The total output volume increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by 24%. Global production peaked at 1.5B units in 2018; however, from 2019 to 2022, production remained at a lower figure.

In value terms, moulds for metal production totaled $18.5B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by 14% against the previous year. As a result, production reached the peak level of $21.4B. From 2019 to 2022, global production growth remained at a lower figure.

Production By Country

The country with the largest volume of moulds for metal production was China (422M units), comprising approx. 35% of total volume. Moreover, moulds for metal production in China exceeded the figures recorded by the second-largest producer, India (130M units), threefold. The third position in this ranking was held by the United States (123M units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +3.3%. The remaining producing countries recorded the following average annual rates of production growth: India (+7.3% per year) and the United States (+3.4% per year).

Imports

World Imports of Moulds for Metal

In 2022, global moulds for metal imports fell to 214M units, which is down by -2.6% compared with the previous year's figure. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 15%. As a result, imports attained the peak of 244M units. From 2019 to 2022, the growth of global imports remained at a somewhat lower figure.

In value terms, moulds for metal imports dropped slightly to $2.4B in 2022. Over the period under review, imports showed a perceptible setback. The pace of growth was the most pronounced in 2018 with an increase of 8% against the previous year. Over the period under review, global imports attained the maximum at $3.3B in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports By Country

The purchases of the twelve major importers of moulds for metals, namely Nigeria, Germany, Japan, Italy, Malaysia, Thailand, Mexico, the United States, India, Indonesia, Vietnam and China, represented more than half of total import. Spain (4.5M units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +30.7%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Mexico ($238M), the United States ($191M) and Japan ($176M) appeared to be the countries with the highest levels of imports in 2022, together accounting for 25% of global imports. Germany, China, Thailand, Vietnam, Italy, Malaysia, Indonesia, India, Nigeria and Spain lagged somewhat behind, together comprising a further 44%.

Among the main importing countries, Nigeria, with a CAGR of +19.5%, saw 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.

Imports By Type

Mould bases; for metal, metal carbides, glass, mineral materials, rubber or plastics (67M units), moulds; for metal or metal carbides, injection or compression types (60M units) and moulds; for metal or metal carbides, other than injection or compression types (41M units) represented roughly 81% of total imports in 2022. Moulding patterns; of metal, metal carbides, glass, mineral materials, rubber or plastics (22M units) ranks next in terms of the total imports with an 11% share, followed by moulding boxes; for metal foundry (8.2%).

From 2012 to 2022, the biggest increases were recorded for mould bases; for metal, metal carbides, glass, mineral materials, rubber or plastics (with a CAGR of +4.2%), while purchases for the other products experienced more modest paces of growth.

In value terms, the largest types of imported moulds for metals were moulds; for metal or metal carbides, injection or compression types ($1.1B), moulds; for metal or metal carbides, other than injection or compression types ($640M) and mould bases; for metal, metal carbides, glass, mineral materials, rubber or plastics ($280M), with a combined 85% share of global imports.

In terms of the main imported products, mould bases; for metal, metal carbides, glass, mineral materials, rubber or plastics, with a CAGR of +1.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other products experienced a decline in the imports figures.

Import Prices By Type

In 2022, the average moulds for metal import price amounted to $11 per unit, approximately equating the previous year. In general, the import price recorded a perceptible setback. The most prominent rate of growth was recorded in 2019 an increase of 2%. Over the period under review, average import prices attained the peak figure at $15 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by the product type; the product with the highest price was moulds; for metal or metal carbides, injection or compression types ($18 per unit), while the price for mould bases; for metal, metal carbides, glass, mineral materials, rubber or plastics ($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 moulds; for metal or metal carbides, other than injection or compression types (+0.4%), while the other products experienced a decline in the import price figures.

Import Prices By Country

In 2022, the average moulds for metal import price amounted to $11 per unit, remaining stable against the previous year. In general, the import price showed a noticeable setback. The pace of growth was the most pronounced in 2019 when the average import price increased by 2% against the previous year. Over the period under review, average import prices reached the peak figure at $15 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($28 per unit), while Nigeria ($1.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.8%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Moulds for Metal

In 2022, shipments abroad of moulds for metals increased by 4.6% to 264M units, rising for the second consecutive year after two years of decline. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 15%. As a result, the exports attained the peak of 319M units. From 2019 to 2022, the growth of the global exports remained at a somewhat lower figure.

In value terms, moulds for metal exports amounted to $3.2B in 2022. Over the period under review, exports, however, continue to indicate a mild descent. The pace of growth was the most pronounced in 2021 when exports increased by 13%. The global exports peaked at $3.8B in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports By Country

China prevails in exports structure, accounting for 151M units, which was near 57% of total exports in 2022. South Korea (20M units) took a 7.4% share (based on physical terms) of total exports, which put it in second place, followed by Italy (6.9%). Turkey (10M units), Japan (6.6M units), Germany (6.2M units), Spain (6.2M units), Taiwan (Chinese) (6.1M units) and Canada (4M units) held a little share of total exports.

Exports from China increased at an average annual rate of +1.1% from 2012 to 2022. At the same time, South Korea (+3.7%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in the world, with a CAGR of +3.7% from 2012-2022. Canada, Spain and Germany experienced a relatively flat trend pattern. By contrast, Turkey (-1.6%), Italy (-2.4%), Taiwan (Chinese) (-6.8%) and Japan (-8.8%) illustrated a downward trend over the same period. China (+11 p.p.) and South Korea (+2.7 p.p.) significantly strengthened its position in terms of the global exports, while Taiwan (Chinese) and Japan saw its share reduced by -2% and -3.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($1.4B) remains the largest moulds for metal supplier worldwide, comprising 43% of global exports. The second position in the ranking was held by Italy ($333M), with a 10% share of global exports. It was followed by Japan, with a 7.3% share.

In China, moulds for metal exports increased at an average annual rate of +2.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (-2.4% per year) and Japan (-9.6% per year).

Exports By Type

Moulds; for metal or metal carbides, injection or compression types was the key exported product with an export of about 69M units, which amounted to 38% of total exports. It was distantly followed by mould bases; for metal, metal carbides, glass, mineral materials, rubber or plastics (41M units), moulds; for metal or metal carbides, other than injection or compression types (40M units), moulding patterns; of metal, metal carbides, glass, mineral materials, rubber or plastics (16M units) and moulding boxes; for metal foundry (12M units), together mixing up a 62% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exported products, was attained by mould bases; for metal, metal carbides, glass, mineral materials, rubber or plastics (with a CAGR of +1.7%), while the other products experienced a decline in the exports figures.

In value terms, moulds; for metal or metal carbides, injection or compression types ($1.2B), moulds; for metal or metal carbides, other than injection or compression types ($625M) and mould bases; for metal, metal carbides, glass, mineral materials, rubber or plastics ($232M) constituted the products with the highest levels of exports in 2022, together accounting for 86% of global exports.

Among the main exported products, mould bases; for metal, metal carbides, glass, mineral materials, rubber or plastics, with a CAGR of +1.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other products experienced a decline in the exports figures.

Export Prices By Type

In 2022, the average moulds for metal export price amounted to $12 per unit, waning by -3.9% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 3.8% against the previous year. The global export price peaked at $13 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the product type; the product with the highest price was moulds; for metal or metal carbides, injection or compression types ($18 per unit), while the average price for exports of mould bases; for metal, metal carbides, glass, mineral materials, rubber or plastics ($5.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by moulding patterns; of metal, metal carbides, glass, mineral materials, rubber or plastics (+0.2%), while the other products experienced mixed trends in the export price figures.

Export Prices By Country

In 2022, the average moulds for metal export price amounted to $12 per unit, shrinking by -3.9% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 3.8% against the previous year. The global export price peaked at $13 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($35 per unit), while Canada ($8.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform