Injection-Moulding Machine Market

The global market for injection-moulding machines is expected to rise over the next eight years, with an anticipated CAGR of +7.9% in volume and +8.6% in value from 2022 to 2030. China is the largest consumer and producer of these machines, with the US and the UK also playing significant roles. The market saw a decrease in consumption in 2022, but overall, consumption has been on the rise. Similarly, production and exports have shown growth trends, while imports and export prices have fluctuated over the years.

Market Forecast

Driven by increasing demand for injection-moulding machines for working rubber or plastics worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +7.9% for the period from 2022 to 2030, which is projected to bring the market volume to 1.1M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +8.6% for the period from 2022 to 2030, which is projected to bring the market value to $57.3B (in nominal prices) by the end of 2030.

Consumption

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

In 2022, consumption of injection-moulding machines for working rubber or plastics decreased by -32.4% to 610K units, falling for the second consecutive year after five years of growth. Overall, consumption, however, posted a prominent increase. Over the period under review, global consumption hit record highs at 927K units in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

The global injection-moulding machine market value declined to $29.7B in 2022, which is down by -14.3% 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). In general, consumption, however, continues to indicate a buoyant increase. Global consumption peaked at $37.3B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

China (114K units) remains the largest injection-moulding machine consuming country worldwide, comprising approx. 19% of total volume. Moreover, injection-moulding machine consumption in China exceeded the figures recorded by the second-largest consumer, the United States (56K units), twofold. The UK (47K units) ranked third in terms of total consumption with a 7.7% share.

In China, injection-moulding machine consumption increased at an average annual rate of +11.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+9.9% per year) and the UK (+8.1% per year).

In value terms, the largest injection-moulding machine markets worldwide were Canada ($6.6B), the United States ($5.6B) and China ($3.5B), together comprising 53% of the global market. Japan, Austria, India, Mexico, South Korea, the UK, Malaysia, Brazil, the Philippines and Singapore lagged somewhat behind, together comprising a further 25%.

In terms of the main consuming countries, South Korea, with a CAGR of +17.7%, saw 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 injection-moulding machine per capita consumption in 2022 were Austria (5,157 units per million persons), Singapore (2,918 units per million persons) and Malaysia (730 units per million persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Malaysia (with a CAGR of +23.3%), while consumption for the other global leaders experienced more modest paces of growth.

Production

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

In 2022, production of injection-moulding machines for working rubber or plastics decreased by -35.2% to 513K units, falling for the second consecutive year after two years of growth. Overall, production, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 103%. Global production peaked at 858K units in 2020; however, from 2021 to 2022, production failed to regain momentum.

In value terms, injection-moulding machine production expanded notably to $27.7B in 2022 estimated in export price. In general, production, however, recorded a prominent increase. The growth pace was the most rapid in 2019 with an increase of 29% against the previous year. Global production peaked at $27.8B in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Production By Country

China (178K units) remains the largest injection-moulding machine producing country worldwide, accounting for 35% of total volume. Moreover, injection-moulding machine production in China exceeded the figures recorded by the second-largest producer, the United States (50K units), fourfold. The third position in this ranking was taken by Austria (46K units), with a 9% share.

In China, injection-moulding machine production expanded at an average annual rate of +12.1% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the United States (+10.5% per year) and Austria (-1.8% per year).

Imports

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

Global injection-moulding machine imports shrank to 222K units in 2022, which is down by -5.1% against the previous year. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, imports attained the peak of 234K units, and then contracted in the following year.

In value terms, injection-moulding machine imports declined to $6.5B in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Global imports peaked at $6.8B in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports By Country

In 2022, the UK (49K units), distantly followed by the Philippines (27K units), Malaysia (24K units), Brazil (12K units) and India (12K units) represented the major importers of injection-moulding machines for working rubber or plastics, together comprising 56% of total imports. Singapore (9K units), the United States (7.8K units), China (7.2K units), Mexico (6.6K units), Thailand (5.8K units), Pakistan (4.4K units), Germany (4.1K units) and Italy (3.7K units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of +20.0%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($990M), China ($631M) and Mexico ($521M) constituted the countries with the highest levels of imports in 2022, with a combined 33% share of global imports. Germany, Italy, India, Thailand, Brazil, the UK, Malaysia, the Philippines, Singapore and Pakistan lagged somewhat behind, together accounting for a further 20%.

In terms of the main importing countries, Italy, with a CAGR of +9.9%, 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 injection-moulding machine import price stood at $29,079 per unit in 2022, standing approx. at the previous year. Over the period under review, the import price recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2018 when the average import price increased by 5.5% against the previous year. Over the period under review, average import prices reached the peak figure at $39,768 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 the United States ($127,450 per unit), while the Philippines ($1,945 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.0%), while the other global leaders experienced more modest paces of growth.

Exports

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

In 2022, shipments abroad of injection-moulding machines for working rubber or plastics increased by 1.6% to 125K units, rising for the fourth year in a row after three years of decline. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 87% against the previous year. As a result, the exports attained the peak of 183K units. From 2016 to 2022, the growth of the global exports remained at a somewhat lower figure.

In value terms, injection-moulding machine exports reduced to $5.4B in 2022. Over the period under review, exports, however, recorded a mild slump. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. The global exports peaked at $6.6B in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports By Country

China was the key exporting country with an export of around 72K units, which resulted at 57% of total exports. Japan (13K units) ranks second in terms of the total exports with a 10% share, followed by Germany (7.6%). The following exporters - South Korea (3.1K units), Italy (2.8K units), Malaysia (2.8K units), Taiwan (Chinese) (2.7K units), the UK (2.1K units), India (1.9K units) and Thailand (1.9K units) - together made up 14% of total exports.

Exports from China increased at an average annual rate of +10.9% from 2012 to 2022. At the same time, Thailand (+21.6%), the UK (+15.5%) and India (+10.1%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +21.6% from 2012-2022. Malaysia, South Korea and Italy experienced a relatively flat trend pattern. By contrast, Germany (-3.9%), Japan (-6.1%) and Taiwan (Chinese) (-8.0%) illustrated a downward trend over the same period. While the share of China (+36 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Taiwan (Chinese) (-3 p.p.), Germany (-4.1 p.p.) and Japan (-9.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest injection-moulding machine supplying countries worldwide were China ($1.7B), Japan ($1B) and Germany ($950M), together comprising 67% of global exports. South Korea, Italy, Taiwan (Chinese), Thailand, India, the UK and Malaysia lagged somewhat behind, together comprising a further 14%.

Thailand, with a CAGR of +15.7%, recorded 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

The average injection-moulding machine export price stood at $43,532 per unit in 2022, declining by -7.2% against the previous year. Over the period under review, the export price recorded a mild contraction. The most prominent rate of growth was recorded in 2016 an increase of 43%. Over the period under review, the average export prices reached the maximum at $63,408 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($99,271 per unit), while Malaysia ($7,679 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform