Eastern Asia: Prepared Binders Market 2024

Prepared Binders Market Size in Eastern Asia

The East Asian prepared binders market amounted to $X in 2022, leveling off at the previous year. Overall, consumption showed a strong expansion. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Prepared Binders Production in Eastern Asia

In value terms, prepared binders production totaled $X in 2022 estimated in export price. In general, production showed buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Prepared Binders Exports

Exports in Eastern Asia

For the third consecutive year, Eastern Asia recorded growth in overseas shipments of prepared binders for foundry moulds or cores, which increased by X% to X tons in 2022. Total exports indicated a tangible increase from 2012 to 2022: its volume 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 2018 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, prepared binders exports skyrocketed to $X in 2022. Total exports indicated a remarkable 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

In 2022, China (X tons) was the main exporter of prepared binders for foundry moulds or cores, making up X% of total exports. Taiwan (Chinese) (X tons) held the second position in the ranking, followed by South Korea (X tons). All these countries together held near X% share of total exports. Japan (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to prepared binders exports from China stood at X%. At the same time, South Korea (X%), Japan (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of South Korea and Japan increased by X and X percentage points, respectively.

In value terms, China ($X) remains the largest prepared binders supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

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 China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Prepared Binders Imports

Imports in Eastern Asia

In 2022, after two years of growth, there was significant decline in purchases abroad of prepared binders for foundry moulds or cores, when their volume decreased by X% to X tons. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, prepared binders imports reduced notably to $X in 2022. Total imports indicated a modest 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. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The level of import peaked at $X in 2021, and then contracted notably in the following year.

Imports by Country

South Korea (X tons) and Taiwan (Chinese) (X tons) represented roughly X% of total imports in 2022. China (X tons) held the next position in the ranking, distantly followed by Japan (X tons). All these countries together took approx. X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest prepared binders importing markets in Eastern Asia were South Korea ($X), Taiwan (Chinese) ($X) and China ($X), with a combined X% share of total imports.

In terms of the main importing countries, Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, with a decrease of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2021, and then fell significantly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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