Global Prepared Binders Market 2024

Prepared Binders Market Size

The global prepared binders market expanded slightly to $X in 2022, increasing by X% against the previous year. Overall, consumption continues to indicate resilient growth. Over the period under review, the global market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Prepared Binders Production

In value terms, prepared binders production expanded modestly to $X in 2022 estimated in export price. In general, production continues to indicate a buoyant increase. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Global production peaked in 2022 and is likely to continue growth in years to come.

Prepared Binders Exports

Exports

In 2022, the amount of prepared binders for foundry moulds or cores exported worldwide contracted modestly to X tons, remaining constant against the previous year's figure. The total export volume 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 most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the global exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, prepared binders exports rose remarkably to $X in 2022. Over the period under review, total exports indicated a tangible 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany was the key exporter of prepared binders for foundry moulds or cores in the world, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by China (X tons), India (X tons), Italy (X tons), the United States (X tons), Spain (X tons) and Canada (X tons), together achieving a X% share of total exports. The UK (X tons), Thailand (X tons) and Russia (X tons) took a minor 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%), India (X%), Italy (X%), Thailand (X%), Russia (X%), China (X%) and the United States (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Canada and the UK experienced a relatively flat trend pattern. While the share of Spain (X p.p.), India (X p.p.) and Italy (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), the United States ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of global exports. Canada, Italy, the UK, Spain, India, Thailand and Russia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Thailand, with a CAGR of X%, recorded the highest growth rate of 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

The average prepared binders export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per ton), while India ($X per ton) was amongst the lowest.

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

Prepared Binders Imports

Imports

In 2022, supplies from abroad of prepared binders for foundry moulds or cores increased by X% to X tons, rising for the second consecutive year after two 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 in certain years. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, prepared binders imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a measured increase 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Global imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, India (X tons), followed by the Czech Republic (X tons), Austria (X tons) and Indonesia (X tons) were the key importers of prepared binders for foundry moulds or cores, together creating X% of total imports. Poland (X tons), France (X tons), Belgium (X tons), Egypt (X tons), Italy (X tons), Mexico (X tons), the United States (X tons), Slovakia (X tons) and the United Arab Emirates (X tons) held a minor share of total imports.

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

In value terms, Egypt ($X), India ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of global imports.

In terms of the main importing countries, India, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average prepared binders import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Global import price 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 Egypt ($X per ton), while Belgium ($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 United States (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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