EU: Prepared Binders Market 2024

Prepared Binders Market Size in the EU

The EU prepared binders market skyrocketed to $X in 2022, with an increase of X% against the previous year. The total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Prepared Binders Production in the EU

In value terms, prepared binders production skyrocketed to $X in 2022 estimated in export price. The total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production reached the maximum level in 2022 and is expected to retain growth in the near future.

Prepared Binders Exports

Exports in the EU

In 2022, approx. X tons of prepared binders for foundry moulds or cores were exported in the European Union; remaining relatively unchanged against the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, prepared binders exports rose markedly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Germany was the key exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Italy (X tons) and Spain (X tons), together making up a X% share of total exports. The following exporters - France (X tons), Sweden (X tons) and the Czech Republic (X tons) - each finished at a X% share of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of prepared binders for foundry moulds or cores. At the same time, Spain (X%), Italy (X%) and Sweden (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. France and the Czech Republic experienced a relatively flat trend pattern. From 2012 to 2022, the share of Spain and Italy increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest prepared binders supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany totaled X%. In the other countries, the average annual rates were as follows: Italy (X% per year) and Spain (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced mixed trends in the export price figures.

Prepared Binders Imports

Imports in the EU

In 2022, purchases abroad of prepared binders for foundry moulds or cores increased by X% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, prepared binders imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the twelve major importers of prepared binders for foundry moulds or cores, namely the Czech Republic, Austria, Poland, France, Belgium, Italy, Slovakia, Croatia, Slovenia, Spain, Germany and Hungary, represented more than two-thirds of total import.

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

In value terms, Poland ($X), the Czech Republic ($X) and France ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Austria, Italy, Spain, Germany, Belgium, Slovakia, Hungary, Slovenia and Croatia lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, remaining stable against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

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 Spain ($X per ton), while Croatia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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