In 2024, Poland leads European imports of prepared binders for foundry moulds or cores, constituting 11.37% of the share. Germany and Belgium follow with 9.11% and 7.74%, respectively. Noticeable year-on-year increases are seen in Latvia (14.95%) and Malta (11.95%), while countries like Estonia (-7.88%) and Portugal (-7.38%) face declines. Over the past five years, the compounded annual growth rate (CAGR) highlights these trends with consistent growth in several countries, albeit mixed performances in others, as shown by varied fluctuations between 2022 and 2023.
Future trends to monitor involve Poland's continued dominance, Germany's strategies to regain or improve its share, and the developing import capacities in smaller countries with high growth rates such as Latvia and Malta. Market dynamics, influenced by cost efficiency, technological advancements in foundry processes, and sustainable production practices, may impact import patterns. Geopolitical and economic factors, alongside innovations in industrial applications, will likely shape future forecasts in this sector.
Top countries in Import of Prepared Binders for Foundry Moulds or Cores Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 11.37 | 2023 | +2.74% | +2.71% | View data |
| 2 | 2 Germany | 9.11 | 2023 | +0.85% | +1.01% | View data |
| 3 | 3 Belgium | 7.74 | 2023 | +2.08% | +1.72% | View data |
| 4 | 4 Slovakia | 7.36 | 2023 | +4.04% | +4.84% | View data |
| 5 | 5 Austria | 7.09 | 2023 | +6.45% | -0.53% | View data |
| 6 | 6 France | 6.03 | 2023 | +2.4% | +2.71% | View data |
| 7 | 7 Czechia | 5.56 | 2023 | |||
| 8 | 8 Netherlands | 5.52 | 2023 | -0.13% | +5.56% | View data |
| 9 | 9 Italy | 5.05 | 2023 | +7.34% | -2% | View data |
| 10 | 10 Spain | 4.18 | 2023 | +1.85% | +1.51% | View data |
