China's Compression Type Mould Market to Reach 92M Units and $6.1B by 2035, Driven by Rising Demand - News and Statistics - IndexBox

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IndexBox has just published a new report: China - Injection Or Compression Type Moulds For Rubber Or Plastics - Market Analysis, Forecast, Size, Trends And Insights.

The article discusses the expected consumption trend for compression type moulds in China, with a forecasted CAGR of +4.4% in volume and +8.2% in value from 2024 to 2035. By the end of 2035, the market volume is predicted to reach 92M units and the market value to reach $6.1B.

Driven by rising demand for compression type mould in China, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +4.4% for the period from 2024 to 2035, which is projected to bring the market volume to 92M units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +8.2% for the period from 2024 to 2035, which is projected to bring the market value to $6.1B (in nominal wholesale prices) by the end of 2035.

In 2024, the amount of injection or compression type moulds for rubber or plastics consumed in China totaled 57M units, picking up by 14% compared with 2023 figures. In general, consumption, however, recorded a noticeable downturn. Over the period under review, consumption hit record highs at 120M units in 2019; however, from 2020 to 2024, consumption stood at a somewhat lower figure.

The value of the compression type mould market in China was estimated at $2.6B in 2024, surging by 7.2% 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). Over the period under review, the total consumption indicated measured growth from 2013 to 2024: its value increased at an average annual rate of +2.3% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -6.0% against 2022 indices. Over the period under review, the market hit record highs at $3.1B in 2019; however, from 2020 to 2024, consumption remained at a lower figure.

In 2024, production of injection or compression type moulds for rubber or plastics increased by 12% to 97M units for the first time since 2019, thus ending a four-year declining trend. Over the period under review, production, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2015 when the production volume increased by 24% against the previous year. Compression type mould production peaked at 382M units in 2019; however, from 2020 to 2024, production failed to regain momentum.

In value terms, compression type mould production rose modestly to $4.7B in 2024 estimated in export price. In general, production, however, saw a slight descent. The pace of growth appeared the most rapid in 2015 when the production volume increased by 17%. Over the period under review, production hit record highs at $9.2B in 2019; however, from 2020 to 2024, production stood at a somewhat lower figure.

In 2024, overseas purchases of injection or compression type moulds for rubber or plastics increased by 28% to 28M units, rising for the fourth year in a row after three years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. Over the period under review, imports reached the maximum at 30M units in 2013; however, from 2014 to 2024, imports failed to regain momentum.

In value terms, compression type mould imports dropped to $406M in 2024. Overall, imports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2017 when imports increased by 4.4%. Imports peaked at $1.2B in 2013; however, from 2014 to 2024, imports remained at a lower figure.

In 2024, South Korea (11M units) constituted the largest supplier of compression type mould to China, with a 37% share of total imports. Moreover, compression type mould imports from South Korea exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (3.4M units), threefold. Vietnam (2.7M units) ranked third in terms of total imports with a 9.5% share.

From 2013 to 2024, the average annual rate of growth in terms of volume from South Korea amounted to -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-2.2% per year) and Vietnam (+22.2% per year).

In value terms, the largest compression type mould suppliers to China were Taiwan (Chinese) ($55M), Japan ($52M) and Germany ($44M), together comprising 37% of total imports. Canada, South Korea, Italy, Thailand, Luxembourg, the United States, Vietnam, France, Austria and India lagged somewhat behind, together comprising a further 42%.

Vietnam, with a CAGR of +4.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

In 2024, the average compression type mould import price amounted to $14 per unit, with a decrease of -30.1% against the previous year. In general, the import price showed a abrupt downturn. The growth pace was the most rapid in 2020 an increase of 18%. As a result, import price reached the peak level of $48 per unit. From 2021 to 2024, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2024, amid the top importers, the country with the highest price was Italy ($97 per unit), while the price for India ($3.2 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Thailand (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

In 2024, shipments abroad of injection or compression type moulds for rubber or plastics was finally on the rise to reach 68M units for the first time since 2019, thus ending a four-year declining trend. Over the period under review, exports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2015 with an increase of 29%. Over the period under review, the exports reached the peak figure at 281M units in 2019; however, from 2020 to 2024, the exports stood at a somewhat lower figure.

In value terms, compression type mould exports rose modestly to $5B in 2024. In general, total exports indicated a prominent expansion from 2013 to 2024: its value increased at an average annual rate of +6.1% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports increased by +73.2% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. Over the period under review, the exports attained the maximum in 2024 and are likely to see gradual growth in the near future.

Russia (6.3M units), Morocco (6.2M units) and Poland (5.3M units) were the main destinations of compression type mould exports from China, with a combined 26% share of total exports.

From 2013 to 2024, the biggest increases were recorded for Morocco (with a CAGR of +28.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for compression type mould exported from China were the United States ($426M), Vietnam ($395M) and Mexico ($366M), with a combined 24% share of total exports. Germany, India, Japan, Thailand, Russia, Indonesia, Hong Kong SAR, Poland, Taiwan (Chinese) and Morocco lagged somewhat behind, together comprising a further 35%.

Among the main countries of destination, Morocco, with a CAGR of +21.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

The average compression type mould export price stood at $74 per unit in 2024, waning by -11% against the previous year. Over the period under review, the export price, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2020 an increase of 155%. Over the period under review, the average export prices hit record highs at $83 per unit in 2023, and then dropped in the following year.

There were significant differences in the average prices for the major overseas markets. In 2024, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($375 per unit), while the average price for exports to Morocco ($7.4 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+45.3%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the compression type mould market in China. 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.

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:

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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