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World - Draw-Benches For Bars, Tubes, Profiles, Wire Or The Like - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBar Draw-Bench Market
The article provides an in-depth analysis of the global bar draw-bench market, projecting a slight growth with a CAGR of +1.0% from 2022 to 2030. Market volume is expected to reach 166K units by 2030, valued at $1.7B. It explores consumption, production, imports, and exports trends, highlighting key countries with high volumes and values. The analysis also includes per capita consumption data, import and export prices, and the growth rates of major importing and exporting countries.
Market Forecast
Driven by rising demand for bar draw-bench worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.0% for the period from 2022 to 2030, which is projected to bring the market volume to 166K units 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 $1.7B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Draw-Benches For Bars, Tubes, Profiles, Wire Or The Like
Global bar draw-bench consumption fell to 153K units in 2022, declining by -7.4% compared with the previous year's figure. Over the period under review, consumption showed a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of 8.5% against the previous year. Over the period under review, global consumption hit record highs at 262K units in 2012; however, from 2013 to 2022, consumption remained at a lower figure.
The global bar draw-bench market size declined modestly to $1.3B in 2022, approximately reflecting 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). Overall, consumption showed a abrupt shrinkage. Global consumption peaked at $2.7B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were the UK (21K units), Italy (18K units) and Thailand (14K units), together comprising 34% of global consumption. China, Lebanon, the Netherlands, Spain, Mexico, India, Bolivia and Japan lagged somewhat behind, together comprising a further 45%.
From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +21.3%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest bar draw-bench markets worldwide were Mexico ($193M), China ($168M) and Bolivia ($92M), with a combined 34% share of the global market. Italy, India, Thailand, the UK, Japan, Spain and the Netherlands lagged somewhat behind, together comprising a further 20%.
In terms of the main consuming countries, Japan, with a CAGR of +18.0%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of bar draw-bench per capita consumption was registered in Lebanon (1,648 units per million persons), followed by the Netherlands (628 units per million persons), Bolivia (357 units per million persons) and the UK (314 units per million persons), while the world average per capita consumption of bar draw-bench was estimated at 19 units per million persons.
In Lebanon, bar draw-bench per capita consumption remained relatively stable over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the Netherlands (-14.3% per year) and Bolivia (+2.8% per year).
Production
World Production of Draw-Benches For Bars, Tubes, Profiles, Wire Or The Like
In 2022, production of draw-benches for bars, tubes, profiles, wire or the like decreased by -4.2% to 154K units for the first time since 2019, thus ending a two-year rising trend. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 1.8% against the previous year. Over the period under review, global production hit record highs at 167K units in 2012; however, from 2013 to 2022, production failed to regain momentum.
In value terms, bar draw-bench production reduced to $1.2B in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 22%. As a result, production attained the peak level of $1.8B. From 2019 to 2022, global production growth remained at a lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were the UK (29K units), China (21K units) and Italy (20K units), together comprising 45% of global production. The Netherlands, Thailand, Lebanon, Spain, Mexico and Japan lagged somewhat behind, together accounting for a further 42%.
From 2012 to 2022, the biggest increases were recorded for Lebanon (with a CAGR of +1.9%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Draw-Benches For Bars, Tubes, Profiles, Wire Or The Like
In 2022, global bar draw-bench imports soared to 37K units, picking up by 18% on the previous year's figure. Overall, imports, however, saw a abrupt slump. The growth pace was the most rapid in 2016 when imports increased by 73% against the previous year. Over the period under review, global imports reached the maximum at 123K units in 2012; however, from 2013 to 2022, imports remained at a lower figure.
In value terms, bar draw-bench imports skyrocketed to $386M in 2022. Over the period under review, imports, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 31% against the previous year. Over the period under review, global imports reached the peak figure at $569M in 2012; however, from 2013 to 2022, imports remained at a lower figure.
Imports By Country
In 2022, India (6.8K units), distantly followed by Thailand (1.8K units) were the key importers of draw-benches for bars, tubes, profiles, wire or the like, together creating 23% of total imports. Spain (1.6K units), the UK (1.3K units), Tanzania (1.3K units), the Philippines (1.2K units), Bolivia (1.2K units), Bosnia and Herzegovina (1.1K units), Pakistan (1K units), Nepal (0.9K units), France (0.9K units), Guatemala (0.8K units) and the United Arab Emirates (0.8K units) followed a long way behind the leaders.
From 2012 to 2022, average annual rates of growth with regard to bar draw-bench imports into India stood at +15.8%. At the same time, Nepal (+58.7%), Tanzania (+55.7%), Bosnia and Herzegovina (+47.0%), Bolivia (+30.0%), the UK (+21.3%), the Philippines (+19.0%), Pakistan (+17.2%), the United Arab Emirates (+16.9%) and France (+3.4%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in the world, with a CAGR of +58.7% from 2012-2022. By contrast, Guatemala (-15.7%), Spain (-22.5%) and Thailand (-23.1%) illustrated a downward trend over the same period. India (+17 p.p.), Tanzania (+3.4 p.p.), the UK (+3.4 p.p.), the Philippines (+3.2 p.p.), Bolivia (+3.2 p.p.), Bosnia and Herzegovina (+3.1 p.p.), Pakistan (+2.6 p.p.), Nepal (+2.5 p.p.), the United Arab Emirates (+2.1 p.p.) and France (+1.9 p.p.) significantly strengthened its position in terms of the global imports, while Spain and Thailand saw its share reduced by -12.5% and -15.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, India ($22M) constitutes the largest market for imported draw-benches for bars, tubes, profiles, wire or the like worldwide, comprising 5.6% of global imports. The second position in the ranking was held by the United Arab Emirates ($8M), with a 2.1% share of global imports. It was followed by Bosnia and Herzegovina, with a 1.9% share.
In India, bar draw-bench imports declined by an average annual rate of -3.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (+14.6% per year) and Bosnia and Herzegovina (+53.6% per year).
Import Prices By Country
The average bar draw-bench import price stood at $10,527 per unit in 2022, picking up by 8% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +8.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bar draw-bench import price decreased by -17.9% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 147%. Over the period under review, average import prices attained the peak figure at $15,211 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($9,956 per unit), while Pakistan ($906 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+4.6%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Draw-Benches For Bars, Tubes, Profiles, Wire Or The Like
In 2022, overseas shipments of draw-benches for bars, tubes, profiles, wire or the like increased by 41% to 38K units, rising for the second consecutive year after two years of decline. In general, total exports indicated perceptible growth from 2012 to 2022: its volume 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. Based on 2022 figures, exports increased by +60.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, bar draw-bench exports soared to $463M in 2022. Over the period under review, exports, however, continue to indicate a noticeable setback. The global exports peaked at $609M in 2012; however, from 2013 to 2022, the exports failed to regain momentum.
Exports By Country
The UK (9K units) and China (9K units) represented the major exporters of draw-benches for bars, tubes, profiles, wire or the like in 2022, reaching approx. 24% and 24% of total exports, respectively. The Netherlands (4.5K units) held the next position in the ranking, followed by Japan (4.1K units), Italy (2.6K units) and India (2.6K units). All these countries together took approx. 36% share of total exports. Spain (1.2K units) held a relatively small share of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Netherlands (with a CAGR of +18.6%), while the other global leaders experienced more modest paces of growth.
In value terms, China ($114M), Italy ($95M) and Japan ($20M) constituted the countries with the highest levels of exports in 2022, together comprising 49% of global exports. India, Spain, the UK and the Netherlands lagged somewhat behind, together accounting for a further 6%.
The UK, with a CAGR of +18.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average bar draw-bench export price amounted to $12,202 per unit, declining by -12.3% against the previous year. In general, the export price continues to indicate a deep setback. The growth pace was the most rapid in 2014 an increase of 53%. As a result, the export price reached the peak level of $22,858 per unit. From 2015 to 2022, the average export prices failed to regain momentum.
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 Italy ($36,610 per unit), while the UK ($440 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.6%), while the other global leaders experienced mixed trends in the export price figures.
This report provides an in-depth analysis of the global bar draw-bench market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28413410 - Draw-benches for bars, tubes, profiles, wire or the like of metal, sintered metal carbides or cermets
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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