Metal Non-Electric Bell Market

The article provides a detailed analysis of the global market for metal non-electric bells and gongs of base metal, forecasting an upward consumption trend over the next eight years. Key highlights include expected market volume and value by 2030, trends in consumption and production from 2012 to 2022, and insights on leading countries like the United States, China, and Italy. The report also covers import and export trends, average prices, and growth rates in the industry.

Market Forecast

Driven by rising demand for metal non-electric bell worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.1% for the period from 2022 to 2030, which is projected to bring the market volume to 34K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.3% for the period from 2022 to 2030, which is projected to bring the market value to $483M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Non-Electric Bells And Gongs Of Base Metal

In 2022, the amount of non-electric bells and gongs of base metal consumed worldwide shrank notably to 31K tons, reducing by -15.4% against the previous year's figure. Overall, consumption saw a slight curtailment. As a result, consumption reached the peak volume of 45K tons. From 2019 to 2022, the growth of the global consumption failed to regain momentum.

The global metal non-electric bell market size fell to $373M in 2022, which is down by -11.6% 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, consumption saw a relatively flat trend pattern. Over the period under review, the global market reached the peak level at $486M in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (7.9K tons), Italy (4.7K tons) and China (4K tons), with a combined 54% share of global consumption.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +4.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($79M), Italy ($59M) and Japan ($46M) appeared to be the countries with the highest levels of market value in 2022, with a combined 49% share of the global market.

The United States, with a CAGR of +5.1%, recorded the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of metal non-electric bell per capita consumption was registered in Italy (80 kg per 1000 persons), followed by the United States (24 kg per 1000 persons), South Korea (9.9 kg per 1000 persons) and Germany (9 kg per 1000 persons), while the world average per capita consumption of metal non-electric bell was estimated at 3.9 kg per 1000 persons.

In Italy, metal non-electric bell per capita consumption declined by an average annual rate of -5.2% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the United States (+3.5% per year) and South Korea (-1.1% per year).

Production

World Production of Non-Electric Bells And Gongs Of Base Metal

Global metal non-electric bell production declined to 30K tons in 2022, falling by -9.8% on 2021. In general, production recorded a mild descent. The pace of growth was the most pronounced in 2018 with an increase of 38% against the previous year. As a result, production reached the peak volume of 41K tons. From 2019 to 2022, global production growth remained at a somewhat lower figure.

In value terms, metal non-electric bell production dropped to $354M in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 46%. As a result, production reached the peak level of $462M. From 2019 to 2022, global production growth failed to regain momentum.

Production By Country

The country with the largest volume of metal non-electric bell production was China (12K tons), accounting for 42% of total volume. Moreover, metal non-electric bell production in China exceeded the figures recorded by the second-largest producer, Italy (4.6K tons), threefold. India (2.7K tons) ranked third in terms of total production with a 9.3% share.

In China, metal non-electric bell production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Italy (-5.5% per year) and India (-1.9% per year).

Imports

World Imports of Non-Electric Bells And Gongs Of Base Metal

Global metal non-electric bell imports expanded modestly to 16K tons in 2022, growing by 1.9% against the previous year's figure. The total import volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, metal non-electric bell imports stood at $186M in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports By Country

The United States prevails in imports structure, amounting to 8.4K tons, which was near 51% of total imports in 2022. It was distantly followed by Germany (958 tons), committing a 5.9% share of total imports. The following importers - the Netherlands (618 tons), Japan (371 tons), the UK (360 tons), Canada (346 tons), France (303 tons) and India (273 tons) - together made up 14% of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal non-electric bell imports into the United States stood at +4.2%. At the same time, India (+16.1%), France (+2.8%), Germany (+2.5%) and the Netherlands (+2.5%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +16.1% from 2012-2022. Canada and Japan experienced a relatively flat trend pattern. By contrast, the UK (-1.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by +10 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($85M) constitutes the largest market for imported non-electric bells and gongs of base metal worldwide, comprising 46% of global imports. The second position in the ranking was taken by Germany ($17M), with a 9.2% share of global imports. It was followed by Japan, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +5.0%. In the other countries, the average annual rates were as follows: Germany (+6.4% per year) and Japan (-0.1% per year).

Import Prices By Country

In 2022, the average metal non-electric bell import price amounted to $11,353 per ton, surging by 7% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Japan ($24,125 per ton), while India ($1,722 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Non-Electric Bells And Gongs Of Base Metal

In 2022, shipments abroad of non-electric bells and gongs of base metal increased by 22% to 15K tons, rising for the second year in a row after two years of decline. In general, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.7% 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 +57.0% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 59% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, metal non-electric bell exports reduced modestly to $172M in 2022. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +46.7% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of 55%. As a result, the exports reached the peak of $173M, leveling off in the following year.

Exports By Country

In 2022, China (8.5K tons) represented the key exporter of non-electric bells and gongs of base metal, generating 56% of total exports. The Netherlands (2.9K tons) ranks second in terms of the total exports with a 19% share, followed by India (5.7%). Taiwan (Chinese) (644 tons), the United States (482 tons) and Germany (277 tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +3.3% from 2012 to 2022. At the same time, the Netherlands (+29.9%), Taiwan (Chinese) (+12.6%), the United States (+2.5%) and Germany (+1.3%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +29.9% from 2012-2022. By contrast, India (-4.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, China and Taiwan (Chinese) increased by +17, +3.2 and +2.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($101M) remains the largest metal non-electric bell supplier worldwide, comprising 59% of global exports. The second position in the ranking was held by Taiwan (Chinese) ($13M), with a 7.5% share of global exports. It was followed by India, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +9.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+15.9% per year) and India (+10.0% per year).

Export Prices By Country

The average metal non-electric bell export price stood at $11,366 per ton in 2022, shrinking by -18.3% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the average export price increased by 40%. Over the period under review, the average export prices attained the maximum at $13,913 per ton in 2021, and then reduced rapidly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($20,049 per ton), while the Netherlands ($3,171 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform