Blow-Moulding Machine Market

The blow-moulding machine market is projected to see a decline in consumption over the period from 2022 to 2030, with an anticipated decrease in both volume and value. China leads both in consumption and production of blow-moulding machines, with notable growth in the sector. Global exports are dominated by China, with significant growth in the Netherlands and India as well. Overall, the industry shows fluctuations in both production and consumption, with varying trends in import and export prices.

Market Forecast

The blow-moulding machine market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -1.0% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 209K units by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of +2.1% for the period from 2022 to 2030, which is projected to bring the market value to $10.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Blow-Moulding Machines For Working Rubber Or Plastics

Global blow-moulding machine consumption surged to 226K units in 2022, increasing by 15% against the year before. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak volume and is likely to continue growth in the immediate term.

The global blow-moulding machine market value rose significantly to $8.7B in 2022, picking up by 5.3% 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). Overall, consumption, however, recorded a mild shrinkage. Global consumption peaked at $10.3B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

China (77K units) constituted the country with the largest volume of blow-moulding machine consumption, accounting for 34% of total volume. Moreover, blow-moulding machine consumption in China exceeded the figures recorded by the second-largest consumer, the United States (24K units), threefold. Mexico (18K units) ranked third in terms of total consumption with an 8.2% share.

In China, blow-moulding machine consumption increased at an average annual rate of +4.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+0.1% per year) and Mexico (+1.4% per year).

In value terms, Japan ($1.4B), China ($1.2B) and the United States ($882M) appeared to be the countries with the highest levels of market value in 2022, with a combined 39% share of the global market. Brazil, France, Russia, India, Mexico, the UK and Uganda lagged somewhat behind, together accounting for a further 27%.

Among the main consuming countries, Uganda, with a CAGR of +35.7%, recorded the highest growth rate of 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 blow-moulding machine per capita consumption in 2022 were Mexico (140 units per million persons), France (88 units per million persons) and Uganda (77 units per million persons).

From 2012 to 2022, the biggest increases were recorded for Uganda (with a CAGR of +37.3%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Blow-Moulding Machines For Working Rubber Or Plastics

In 2022, global blow-moulding machine production soared to 243K units, jumping by 21% compared with the previous year's figure. The total output volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the production volume increased by 27%. Over the period under review, global production reached the maximum volume at 254K units in 2016; however, from 2017 to 2022, production failed to regain momentum.

In value terms, blow-moulding machine production amounted to $8.5B in 2022 estimated in export price. Overall, production, however, continues to indicate a slight setback. The pace of growth was the most pronounced in 2016 with an increase of 12% against the previous year. As a result, production reached the peak level of $11.8B. From 2017 to 2022, global production growth remained at a lower figure.

Production By Country

China (131K units) constituted the country with the largest volume of blow-moulding machine production, comprising approx. 54% of total volume. Moreover, blow-moulding machine production in China exceeded the figures recorded by the second-largest producer, the United States (24K units), fivefold. India (18K units) ranked third in terms of total production with a 7.2% share.

In China, blow-moulding machine production increased at an average annual rate of +7.5% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the United States (-0.4% per year) and India (-1.8% per year).

Imports

World Imports of Blow-Moulding Machines For Working Rubber Or Plastics

In 2022, purchases abroad of blow-moulding machines for working rubber or plastics increased by 3.6% to 57K units, rising for the fifth year in a row after two years of decline. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 19% against the previous year. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, blow-moulding machine imports shrank to $1.3B in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 19%. As a result, imports attained the peak of $1.7B. From 2019 to 2022, the growth of global imports remained at a lower figure.

Imports By Country

Mexico was the main importing country with an import of about 18K units, which finished at 32% of total imports. Uganda (3.8K units) ranks second in terms of the total imports with a 6.6% share, followed by India (6.1%). Ireland (2K units), the UK (1.9K units), Democratic Republic of the Congo (1.1K units), Russia (1K units), Iran (1K units), the Philippines (0.9K units), Vietnam (0.9K units) and Pakistan (0.9K units) held a relatively small share of total imports.

Imports into Mexico increased at an average annual rate of +3.0% from 2012 to 2022. At the same time, Ireland (+52.8%), Uganda (+42.0%), Democratic Republic of the Congo (+26.4%), India (+25.1%), Iran (+13.3%), Russia (+12.4%), Pakistan (+11.6%), the Philippines (+9.7%), Vietnam (+6.5%) and the UK (+3.2%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing importer imported in the world, with a CAGR of +52.8% from 2012-2022. While the share of Uganda (+6.3 p.p.), India (+5.3 p.p.), Ireland (+3.5 p.p.) and Democratic Republic of the Congo (+2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($47M), Vietnam ($34M) and Russia ($33M) constituted the countries with the highest levels of imports in 2022, together comprising 8.9% of global imports. The UK, Mexico, Pakistan, Iran, the Philippines, Uganda, Ireland and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 6.6%.

Among the main importing countries, Democratic Republic of the Congo, with a CAGR of +21.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average blow-moulding machine import price stood at $22,360 per unit in 2022, waning by -9.3% against the previous year. Over the period under review, the import price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2014 an increase of 27%. As a result, import price attained the peak level of $38,030 per unit. From 2015 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 Vietnam ($37,401 per unit), while Mexico ($1,184 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 (+7.2%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Blow-Moulding Machines For Working Rubber Or Plastics

Global blow-moulding machine exports surged to 74K units in 2022, with an increase of 24% on 2021. Over the period under review, exports recorded a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of 98% against the previous year. The global exports peaked at 102K units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, blow-moulding machine exports contracted to $1.2B in 2022. Overall, exports, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2018 with an increase of 14%. As a result, the exports attained the peak of $1.8B. From 2019 to 2022, the growth of the global exports failed to regain momentum.

Exports By Country

China dominates exports structure, amounting to 55K units, which was approx. 74% of total exports in 2022. It was distantly followed by the Netherlands (6.8K units), creating a 9.3% share of total exports. India (3.2K units) and France (2.5K units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to blow-moulding machine exports from China stood at +15.1%. At the same time, the Netherlands (+88.6%), France (+11.2%) and India (+5.1%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +88.6% from 2012-2022. China (+29 p.p.) and the Netherlands (+9.2 p.p.) significantly strengthened its position in terms of the global exports, while India saw its share reduced by -2.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($308M) remains the largest blow-moulding machine supplier worldwide, comprising 25% of global exports. The second position in the ranking was held by France ($67M), with a 5.4% share of global exports. It was followed by India, with a 4% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +7.1%. In the other countries, the average annual rates were as follows: France (-8.8% per year) and India (+2.5% per year).

Export Prices By Country

In 2022, the average blow-moulding machine export price amounted to $16,908 per unit, reducing by -28% against the previous year. Overall, the export price faced a deep contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 200% against the previous year. Over the period under review, the average export prices attained the peak figure at $58,294 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 France ($26,629 per unit), while the Netherlands ($643 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-2.4%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform