U.S.: Moulds For Metal Market 2024

Moulds For Metal Market Size in the U.S.

The U.S. moulds for metal market expanded notably to $X in 2022, with an increase of 6.5% against the previous year. Over the period under review, consumption, however, recorded a prominent increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Moulds For Metal Production in the U.S.

In value terms, moulds for metal production rose markedly to $X in 2022. Overall, production, however, showed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 43%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Moulds For Metal Exports

Exports from the U.S.

In 2022, shipments abroad of moulds for metals increased by 19% to X tons for the first time since 2015, thus ending a six-year declining trend. In general, exports, however, showed a deep downturn. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, moulds for metal exports skyrocketed to $X in 2022. Overall, exports, however, recorded a noticeable reduction. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X tons), Mexico (X tons) and Bangladesh (X tons) were the main destinations of moulds for metal exports from the United States, together accounting for 77% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +67.7%), while the other leaders experienced mixed trend patterns.

In value terms, Mexico ($X) remains the key foreign market for moulds for metals exports from the United States, comprising 50% of total exports. The second position in the ranking was held by Canada ($X), with a 24% share of total exports. It was followed by China, with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico stood at -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-4.5% per year) and China (+2.0% per year).

Export Prices by Country

In 2022, the average moulds for metal export price amounted to $X per ton, with an increase of 4.4% against the previous year. In general, the export price continues to indicate prominent growth. The growth pace was the most rapid in 2020 when the average export price increased by 98%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to the United Arab Emirates ($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 Mexico (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.

Moulds For Metal Imports

Imports into the U.S.

Moulds for metal imports into the United States rose to X tons in 2022, surging by 3.9% on 2021 figures. The total import volume increased at an average annual rate of +3.2% 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 2021 when imports increased by 35%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, moulds for metal imports fell to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 17%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of moulds for metal to the United States, accounting for a 36% share of total imports. Moreover, moulds for metal imports from China exceeded the figures recorded by the second-largest supplier, Canada (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+0.3% per year) and Germany (+13.2% per year).

In value terms, China ($X), Japan ($X) and Canada ($X) were the largest moulds for metal suppliers to the United States, with a combined 51% share of total imports. Germany, Italy, South Korea, Taiwan (Chinese), Mexico, India, the UK, Indonesia and Austria lagged somewhat behind, together comprising a further 39%.

Among the main suppliers, Austria, with a CAGR of +39.5%, recorded the highest rates of growth with regard to the value of imports, 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, dropping by -4.3% against the previous year. Over the period under review, the import price saw a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 6.6% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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