Compression Type Mould Market

The article provides a detailed analysis of the global market for injection and compression type moulds for rubber or plastics. It predicts an upward consumption trend with an anticipated CAGR of +5.0% in volume and +7.7% in value from 2022 to 2030. The market performance is expected to accelerate, reaching 852M units and $35.8B by 2030. China leads both consumption and production of compression type moulds, with significant growth rates. The article also discusses import and export trends, showing fluctuations in price and volume over the years.

Market Forecast

Driven by increasing demand for injection or compression type moulds for rubber or plastics worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +5.0% for the period from 2022 to 2030, which is projected to bring the market volume to 852M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +7.7% for the period from 2022 to 2030, which is projected to bring the market value to $35.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Injection Or Compression Type Moulds For Rubber Or Plastics

Global compression type mould consumption fell to 578M units in 2022, with a decrease of -9.7% on the year before. Overall, the total consumption indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +12.9% against 2020 indices. As a result, consumption reached the peak volume of 640M units, and then reduced in the following year.

The global compression type mould market size shrank to $19.8B in 2022, with a decrease of -10.2% against 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). In general, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.3% against 2020 indices. As a result, consumption reached the peak level of $22B, and then fell in the following year.

Consumption By Country

China (206M units) constituted the country with the largest volume of compression type mould consumption, accounting for 36% of total volume. Moreover, compression type mould consumption in China exceeded the figures recorded by the second-largest consumer, India (62M units), threefold. The third position in this ranking was taken by the United States (46M units), with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +8.9%. In the other countries, the average annual rates were as follows: India (+5.7% per year) and the United States (+4.6% per year).

In value terms, China ($8.1B) led the market, alone. The second position in the ranking was taken by the United States ($1.9B). It was followed by India.

In China, the compression type mould market expanded at an average annual rate of +10.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+8.3% per year) and India (+6.7% per year).

In 2022, the highest levels of compression type mould per capita consumption was registered in South Korea (658 units per 1000 persons), followed by Mexico (240 units per 1000 persons), Italy (239 units per 1000 persons) and Japan (234 units per 1000 persons), while the world average per capita consumption of compression type mould was estimated at 73 units per 1000 persons.

In South Korea, compression type mould per capita consumption expanded at an average annual rate of +19.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mexico (+0.4% per year) and Italy (+8.2% per year).

Production

World Production of Injection Or Compression Type Moulds For Rubber Or Plastics

In 2022, approx. 495M units of injection or compression type moulds for rubber or plastics were produced worldwide; shrinking by -9% compared with 2021. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 36%. Global production peaked at 720M units in 2019; however, from 2020 to 2022, production failed to regain momentum.

In value terms, compression type mould production fell to $23.5B in 2022 estimated in export price. Overall, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +5.5% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 20% against the previous year. Global production peaked at $30.5B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

China (227M units) remains the largest compression type mould producing country worldwide, comprising approx. 46% of total volume. Moreover, compression type mould production in China exceeded the figures recorded by the second-largest producer, South Korea (76M units), threefold. The third position in this ranking was taken by the United States (50M units), with a 10% share.

In China, compression type mould production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: South Korea (+2.0% per year) and the United States (+13.4% per year).

Imports

World Imports of Injection Or Compression Type Moulds For Rubber Or Plastics

In 2022, approx. 306M units of injection or compression type moulds for rubber or plastics were imported worldwide; increasing by 4.1% compared with 2021. Overall, imports, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2017 with an increase of 10%. Over the period under review, global imports hit record highs at 448M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, compression type mould imports dropped to $10.7B in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 9.9%. Over the period under review, global imports attained the peak figure at $12.2B in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports By Country

In 2022, Japan (39M units), China (37M units) and Mexico (37M units) represented the main importer of injection or compression type moulds for rubber or plastics in the world, committing 37% of total import. It was followed by India (19M units), committing a 6.2% share of total imports. Indonesia (12M units), Turkey (11M units), Russia (10M units), Malaysia (8.2M units), Taiwan (Chinese) (7.5M units), the United States (7.1M units), the UK (6.9M units), Brazil (6.5M units) and Germany (6M units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +16.0%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest compression type mould importing markets worldwide were the United States ($1.8B), Mexico ($1.2B) and Germany ($785M), together comprising 36% of global imports. Japan, China, India, Turkey, Russia, Indonesia, Malaysia, the UK, Brazil and Taiwan (Chinese) lagged somewhat behind, together comprising a further 25%.

Malaysia, with a CAGR of +9.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average compression type mould import price stood at $35 per unit in 2022, dropping by -10.5% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, compression type mould import price decreased by -13.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of 53%. As a result, import price reached the peak level of $40 per unit. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($256 per unit), while Taiwan (Chinese) ($9.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Injection Or Compression Type Moulds For Rubber Or Plastics

After two years of decline, overseas shipments of injection or compression type moulds for rubber or plastics increased by 13% to 224M units in 2022. In general, exports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2015 with an increase of 34%. Over the period under review, the global exports hit record highs at 543M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, compression type mould exports declined modestly to $12B in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 8.6%. The global exports peaked at $13B in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports By Country

China (59M units) and South Korea (48M units) represented the main exporters of injection or compression type moulds for rubber or plastics in 2022, accounting for near 26% and 21% of total exports, respectively. It was distantly followed by Canada (31M units) and the United States (11M units), together committing a 19% share of total exports. Japan (9.3M units), Mexico (5.5M units), Taiwan (Chinese) (4.8M units), Italy (4.7M units), Turkey (4.4M units), Portugal (4.3M units), Germany (4M units), Switzerland (3.9M units) and Austria (3.7M units) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Turkey (with a CAGR of +10.2%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($4.6B) remains the largest compression type mould supplier worldwide, comprising 38% of global exports. The second position in the ranking was taken by Canada ($1.1B), with an 8.8% share of global exports. It was followed by Germany, with a 7.6% share.

In China, compression type mould exports expanded at an average annual rate of +7.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Canada (+5.3% per year) and Germany (-0.0% per year).

Export Prices By Country

In 2022, the average compression type mould export price amounted to $54 per unit, shrinking by -15.5% against the previous year. In general, the export price, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2020 an increase of 152% against the previous year. The global export price peaked at $64 per unit in 2021, and then declined markedly in the following year.

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 Germany ($226 per unit), while Turkey ($16 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform