China - Prepared Binders For Foundry Moulds Or Cores - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrepared Binders Price in China - 2023
Contents:
- Prepared Binders Price in China (FOB) - 2023
- Prepared Binders Price in China (CIF) - 2022
- Prepared Binders Exports in China
- Prepared Binders Imports in China
Prepared Binders Price in China (FOB) - 2023
In June 2023, the average prepared binders export price amounted to $1,450 per ton, surging by 15% against the previous month. Over the period under review, the export price, however, recorded a slight reduction. The growth pace was the most rapid in December 2022 when the average export price increased by 16% against the previous month. Over the period under review, the average export prices reached the maximum at $1,772 per ton in June 2022; however, from July 2022 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Iran ($3,157 per ton), while the average price for exports to Pakistan ($203 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+5.6%), while the prices for the other major destinations experienced mixed trend patterns.
Prepared Binders Price in China (CIF) - 2022
The average prepared binders import price stood at $2,162 per ton in 2022, with a decrease of -17% against the previous year. Over the period under review, the import price showed a perceptible descent. The growth pace was the most rapid in 2020 an increase of 37%. The import price peaked at $3,499 per ton 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($10,010 per ton), while the price for Taiwan (Chinese) ($890 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Prepared Binders Exports in China
In 2022, the amount of prepared binders for foundry moulds or cores exported from China rose remarkably to 33K tons, growing by 14% on the year before. The total export volume increased at an average annual rate of +9.2% over the period from 2019 to 2022; however, 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 27% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, prepared binders exports soared to $68M in 2022. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 60%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Prepared Binders in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 6.7 | 7.8 | 14.9 | 14.4 | 29.1% |
| India | 5.3 | 4.5 | 7.6 | 13.1 | 35.2% |
| Russia | 6.6 | 3.3 | 6.8 | 12.2 | 22.7% |
| Indonesia | 3.4 | 1.2 | 2.2 | 4.6 | 10.6% |
| Iran | 1.4 | 1.8 | 2.3 | 4.4 | 46.5% |
| Taiwan (Chinese) | 1.1 | 1.0 | 2.2 | 3.4 | 45.7% |
| Malaysia | 1.6 | 1.3 | 1.2 | 2.5 | 16.0% |
| Vietnam | 0.5 | 0.7 | 1.5 | 2.5 | 71.0% |
| Thailand | 1.1 | 1.3 | 1.7 | 2.2 | 26.0% |
| Egypt | 0.6 | 1.1 | 0.9 | 2.0 | 49.4% |
| Pakistan | 0.3 | 0.4 | 0.8 | 0.8 | 38.7% |
| Others | 6.7 | 5.6 | 5.9 | 5.6 | -5.8% |
| Total | 35.2 | 30.1 | 48.2 | 67.7 | 24.4% |
Top Export Markets for Prepared Binders from China in 2022:
- India (6.4K tons)
- South Korea (5.8K tons)
- Russia (4.9K tons)
- Indonesia (3.2K tons)
- Taiwan (Chinese) (2.6K tons)
- Vietnam (2.2K tons)
- Iran (1.2K tons)
- Malaysia (1.0K tons)
- Thailand (1.0K tons)
- Egypt (0.9K tons)
- Pakistan (0.6K tons)
Prepared Binders Imports in China
In 2022, supplies from abroad of prepared binders for foundry moulds or cores decreased by -37.6% to 2.1K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a mild increase from 2019 to 2022: its volume increased at an average annual rate of +1.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 36% against the previous year.
In value terms, prepared binders imports dropped remarkably to $4.5M in 2022. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 86% against the previous year.
| Import of Prepared Binders in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.5 | 0.6 | 0.8 | 1.6 | 47.4% |
| United Kingdom | 0.9 | 2.5 | 1.2 | 0.9 | 0.0% |
| Germany | 2.3 | 4.8 | 5.6 | 0.7 | -32.7% |
| Italy | 0.2 | 0.1 | 0.3 | 0.4 | 26.0% |
| Taiwan (Chinese) | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
| Japan | 0.2 | 0.2 | 0.4 | 0.4 | 26.0% |
| South Africa | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.4 | 0.2 | 0.3 | N/A | -13.4% |
| Total | 4.6 | 8.5 | 8.7 | 4.5 | -0.7% |
Top Suppliers of Prepared Binders to China in 2022:
- United States (1002.4 tons)
- Taiwan (Chinese) (403.5 tons)
- United Kingdom (262.8 tons)
- Germany (225.9 tons)
- South Africa (94.5 tons)
- Japan (42.7 tons)
- Italy (42.0 tons)
This report provides an in-depth analysis of the prepared binders market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20595720 - Prepared binders for foundry moulds or cores
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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