50TH


CENSUS OF WORLD CASTING PRODUCTION


Global Casting Production Stagnant


Worldwide casting production grew by half a percent in 2015, making it three years in a row where annual growth was less than 4%. A MODERN CASTING STAFF REPORT


I


n 2015, worldwide casting production reached 104.1 mil- lion metric tons, a shade over the 103.7 million metric tons produced in 2014, accord- ing to this year’s MODERN


CASTING Census of World Casting Production. Casting growth from 2013 to 2014 was 2.37% and from 2014 to 2015 it was 0.4%. It is the sixth year in a row the market has expanded after the global recession of 2008-2009. Tis year’s census includes 37


nations from four continents. Of the 30 countries with data for the last two years, fewer than half (14) reported an uptick in production. Of the top 10 casting producing countries, four showed an increase in production. Mex- ico reported a 55% increase, indicating casting production might have been underreported there in recent years. The world’s two top producing


nations in 2014 both reported small decreases in production. China’s


total decreased by 1.3% from 46.2 million to 45.6 million metric tons, while the U.S. dropped 0.8% to 10.39 million metric tons from 10.47 million metric tons. Te Institute of Indian Found-


rymen reported a 7.5% increase in production in India, to 10.77 million metric tons. However, with the Indian government’s move to demonetize by pulling high value currencies out of the market, growth forecasts for 2016 have been revised lower by ratings agencies. Te U.S. is expected to make comebacks in the hard-hit oil and gas, agriculture and construction markets in the next year. China accounts for 44% of the


globe’s casting production, according to the Census. Combined, the U.S. and India account for 20%. Brazil, last year’s seventh-largest


casting producing nation, has experienced two straight years of double-digit percentage decreases in


production. It now sits at the nine spot of the world’s top 10. Te remaining 2015 top 10 casting


nations by tonnage are Japan at 5.4 million, Germany at 5.3 million, Rus- sia at 4.2 million (2014 data), Republic of Korea at 2.6 million, Mexico at 2.56 million, Brazil at 2.32 million, and Italy at 2.03 million. Of the countries that reported


growth, India’s and Mexico’s were the most significant in terms of tonnage, but several smaller nations reported double digit percentage increases, including Bosnia & Her- zegovina, Portugal, Romania, South Africa, and Sweden. Te total number of casting


facilities in the world is about 47,000, down from 48,164 in 2010. As global casting production has increased in the last five years, the decrease in plants indicates metalcasting busi- nesses are consolidating and becom- ing more efficient.


December 2016 MODERN CASTING | 25

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