Asia: Compression Type Mould Market 2024

Compression Type Mould Market Size in Asia

The Asian compression type mould market shrank to $X in 2023, almost unchanged from the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Compression Type Mould Production in Asia

In value terms, compression type mould production contracted slightly to $X in 2023 estimated in export price. The total production indicated modest growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Compression Type Mould Exports

Exports in Asia

In 2023, after two years of growth, there was decline in overseas shipments of injection or compression type moulds for rubber or plastics, when their volume decreased by X% to X units. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The volume of export peaked at X units in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, compression type mould exports rose modestly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X; afterwards, it flattened through to 2023.

Exports by Country

China was the major exporting country with an export of about X units, which reached X% of total exports. It was distantly followed by South Korea (X units), creating a X% share of total exports. Japan (X units) held a relatively small share of total exports.

China was also the fastest-growing in terms of the injection or compression type moulds for rubber or plastics exports, with a CAGR of X% from 2012 to 2023. South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while Japan and South Korea saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, China ($X) remains the largest compression type mould supplier in Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports.

In China, compression type mould exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2023, picking up by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Compression Type Mould Imports

Imports in Asia

After four years of growth, overseas purchases of injection or compression type moulds for rubber or plastics decreased by X% to X units in 2023. Total imports indicated a noticeable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2022, and then reduced modestly in the following year.

In value terms, compression type mould imports dropped modestly to $X in 2023. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of compression type mould imports in 2023 were China (X units), Japan (X units) and Vietnam (X units), together reaching X% of total import. It was distantly followed by Thailand (X units), India (X units), Turkey (X units) and Indonesia (X units), together achieving a X% share of total imports. Taiwan (Chinese) (X units), Malaysia (X units), South Korea (X units), Uzbekistan (X units) and Hong Kong SAR (X units) took a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest compression type mould importing markets in Asia were Japan ($X), Vietnam ($X) and China ($X), together comprising X% of total imports. India, Thailand, Turkey, Indonesia, Hong Kong SAR, Malaysia, South Korea, Taiwan (Chinese) and Uzbekistan lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Uzbekistan, with a CAGR of X%, recorded the highest growth rate of 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 2023, the import price in Asia amounted to $X per unit, approximately mirroring the previous year. Over the period under review, the import price continues to indicate a pronounced setback. 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 unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform