Rubber-to-Metal and Moulded Article Market

The global market for rubber-to-metal and moulded articles is expected to show steady growth over the next eight years, with a forecasted increase in consumption volume and market value. China, the United States, and India are the top consumers, while China leads in production. The United States, Germany, and China are major importers, with Mexico showing significant growth in imports. Germany, China, and the United States are the top exporters, with Mexico demonstrating substantial growth in export value. The average import/export prices have shown minor fluctuations over the years, with Japan having the highest export price and Mexico the highest import price. Overall, the market is projected to see continued growth and stability in the near future.

Market Forecast

Driven by increasing demand for rubber-to-metal and moulded articles worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market volume to 6.5M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.2% for the period from 2022 to 2030, which is projected to bring the market value to $73.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Rubber-to-Metal and Moulded Articles

In 2022, the amount of rubber-to-metal and moulded articles consumed worldwide shrank modestly to 5.1M tons, declining by -1.7% against 2021 figures. The total consumption volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 9.7%. As a result, consumption attained the peak volume of 5.2M tons. From 2020 to 2022, the growth of the global consumption failed to regain momentum.

The global rubber-to-metal and moulded article market revenue fell slightly to $48.8B in 2022, almost unchanged from 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). The market value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $49.9B. From 2020 to 2022, the growth of the global market remained at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (1.3M tons), the United States (864K tons) and India (483K tons), with a combined 51% share of global consumption.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +5.2%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($10.7B), China ($6.9B) and Japan ($6.5B) were the countries with the highest levels of market value in 2022, together accounting for 49% of the global market. India, Indonesia, Mexico, Canada, Germany, South Korea, Italy, France and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 28%.

In terms of the main consuming countries, South Korea, with a CAGR of +7.6%, recorded 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.

The countries with the highest levels of rubber-to-metal and moulded article per capita consumption in 2022 were Canada (2.9 kg per person), Japan (2.7 kg per person) and the United States (2.6 kg per person).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by China (with a CAGR of +5.1%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Rubber-to-Metal and Moulded Articles

In 2022, global production of rubber-to-metal and moulded articles fell modestly to 4.8M tons, remaining constant against the previous year's figure. The total output volume increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2017 with an increase of 7.3% against the previous year. Global production peaked at 4.9M tons in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

In value terms, rubber-to-metal and moulded article production amounted to $47.7B in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 16%. Over the period under review, global production attained the maximum level at $54.3B in 2019; however, from 2020 to 2022, production failed to regain momentum.

Production By Country

China (1.4M tons) constituted the country with the largest volume of rubber-to-metal and moulded article production, accounting for 30% of total volume. Moreover, rubber-to-metal and moulded article production in China exceeded the figures recorded by the second-largest producer, the United States (623K tons), twofold. The third position in this ranking was held by India (500K tons), with a 10% share.

In China, rubber-to-metal and moulded article production increased at an average annual rate of +5.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+1.8% per year) and India (+4.0% per year).

Imports

World Imports of Rubber-to-Metal and Moulded Articles

In 2022, global rubber-to-metal and moulded article imports shrank to 1.7M tons, falling by -3.4% on the previous year's figure. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 24%. As a result, imports attained the peak of 1.8M tons, and then declined modestly in the following year.

In value terms, rubber-to-metal and moulded article imports reached $15.6B in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 23%. Global imports peaked in 2022 and are likely to continue growth in the near future.

Imports By Country

In 2022, the United States (306K tons), distantly followed by Germany (176K tons), Japan (86K tons) and China (79K tons) were the main importers of rubber-to-metal and moulded articles, together comprising 38% of total imports. The following importers - Mexico (76K tons), France (55K tons), Italy (53K tons), Belgium (50K tons), the UK (46K tons), the Czech Republic (41K tons), Poland (40K tons), Spain (35K tons) and the Netherlands (33K tons) - together made up 25% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +12.4%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($2B), Germany ($1.7B) and China ($864M) were the countries with the highest levels of imports in 2022, with a combined 29% share of global imports. Mexico, Italy, France, Japan, the UK, Spain, Poland, the Czech Republic, the Netherlands and Belgium lagged somewhat behind, together accounting for a further 28%.

Italy, with a CAGR of +5.2%, recorded the highest growth rate of 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

In 2022, the average rubber-to-metal and moulded article import price amounted to $9,042 per ton, growing by 4.8% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 7.6% against the previous year. As a result, import price reached the peak level of $10,196 per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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 Mexico ($10,967 per ton), while Belgium ($5,220 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.1%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Rubber-to-Metal and Moulded Articles

In 2022, overseas shipments of rubber-to-metal and moulded articles increased by 1.5% to 1.5M tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when exports increased by 16% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, rubber-to-metal and moulded article exports totaled $15B in 2022. The total export value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports By Country

In 2022, China (245K tons), followed by Germany (156K tons), Poland (117K tons), Thailand (96K tons) and Turkey (91K tons) were the main exporters of rubber-to-metal and moulded articles, together comprising 49% of total exports. The United States (65K tons), Italy (54K tons), Mexico (44K tons), Spain (42K tons), India (41K tons), the Czech Republic (41K tons), Romania (36K tons) and Japan (33K tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +14.1%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest rubber-to-metal and moulded article supplying countries worldwide were Germany ($2.3B), China ($1.5B) and the United States ($1.2B), with a combined 34% share of global exports. Italy, Poland, Japan, Thailand, Turkey, Spain, the Czech Republic, India, Mexico and Romania lagged somewhat behind, together comprising a further 33%.

Among the main exporting countries, Mexico, with a CAGR of +11.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average rubber-to-metal and moulded article export price stood at $10,361 per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 9.6% against the previous year. Over the period under review, the average export prices reached the peak figure at $10,424 per ton in 2013; afterwards, it flattened through to 2022.

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 Japan ($19,631 per ton), while Thailand ($6,146 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform