World - Base Metal Hinges - Market Analysis, Forecast, Size, Trends And Insights
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The global market for base metal hinges is expected to see growth in both volume and value terms from 2022 to 2030, with a forecasted CAGR of +2.6% and +4.6% respectively. China remains the largest consumer and producer of base metal hinges worldwide, accounting for significant shares in both categories. The United States and Germany are the largest importers of base metal hinges, while China dominates the export market. Overall, the base metal hinge market is projected to continue its upward trend in the coming years.
Market Forecast
Driven by increasing demand for base metal hinges worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +2.6% for the period from 2022 to 2030, which is projected to bring the market volume to 2.7M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.6% for the period from 2022 to 2030, which is projected to bring the market value to $19.9B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Base Metal Hinges
In 2022, approx. 2.2M tons of base metal hinges were consumed worldwide; standing approx. at 2021 figures. The total consumption volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the consumption volume increased by 9.5%. Global consumption peaked at 2.2M tons in 2019; afterwards, it flattened through to 2022.
The global base metal hinge market value amounted to $13.9B in 2022, surging by 2.6% 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). The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the maximum level in 2022 and is expected to retain growth in the near future.
Consumption By Country
China (485K tons) remains the largest base metal hinge consuming country worldwide, accounting for 22% of total volume. Moreover, base metal hinge consumption in China exceeded the figures recorded by the second-largest consumer, India (232K tons), twofold. The third position in this ranking was held by the United States (227K tons), with a 10% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in China was relatively modest. In the other countries, the average annual rates were as follows: India (+3.3% per year) and the United States (+2.1% per year).
In value terms, the largest base metal hinge markets worldwide were China ($2B), the United States ($1.4B) and Turkey ($1.3B), together comprising 33% of the global market.
Among the main consuming countries, Turkey, with a CAGR of +11.1%, saw the highest rates of growth with regard to 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 base metal hinge per capita consumption in 2022 were Poland (1,492 kg per 1000 persons), Italy (1,277 kg per 1000 persons) and Turkey (1,188 kg per 1000 persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Turkey (with a CAGR of +8.0%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Base Metal Hinges
In 2022, the amount of base metal hinges produced worldwide totaled 2.2M tons, therefore, remained relatively stable against the year before. The total output volume increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by 17% against the previous year. Over the period under review, global production hit record highs at 2.2M tons in 2019; afterwards, it flattened through to 2022.
In value terms, base metal hinge production contracted modestly to $13.3B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 19% against the previous year. Over the period under review, global production hit record highs at $15.7B in 2019; however, from 2020 to 2022, production failed to regain momentum.
Production By Country
The country with the largest volume of base metal hinge production was China (946K tons), comprising approx. 43% of total volume. Moreover, base metal hinge production in China exceeded the figures recorded by the second-largest producer, India (210K tons), fivefold. Turkey (119K tons) ranked third in terms of total production with a 5.4% share.
In China, base metal hinge production expanded at an average annual rate of +2.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+1.8% per year) and Turkey (+8.9% per year).
Imports
World Imports of Base Metal Hinges
In 2022, global imports of base metal hinges contracted slightly to 1M tons, which is down by -2.6% against 2021. The total import volume increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, imports attained the peak of 1.1M tons, and then declined modestly in the following year.
In value terms, base metal hinge imports declined modestly to $6.5B in 2022. In general, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 27%. As a result, imports reached the peak of $6.6B, and then dropped modestly in the following year.
Imports By Country
In 2022, the United States (196K tons), distantly followed by Germany (78K tons) were the largest importers of base metal hinges, together comprising 27% of total imports. Russia (45K tons), Mexico (42K tons), Poland (42K tons), India (39K tons), China (35K tons), Indonesia (27K tons), the UK (26K tons), Spain (22K tons), Canada (22K tons), Kyrgyzstan (19K tons) and South Korea (19K tons) followed a long way behind the leaders.
Imports into the United States increased at an average annual rate of +4.0% from 2012 to 2022. At the same time, Kyrgyzstan (+63.8%), India (+12.4%), China (+5.9%), Germany (+5.8%), South Korea (+5.3%), Poland (+4.4%), Indonesia (+3.1%), Russia (+2.8%), the UK (+2.1%), Mexico (+1.7%) and Canada (+1.0%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in the world, with a CAGR of +63.8% from 2012-2022. Spain experienced a relatively flat trend pattern. India (+2.1 p.p.) and Kyrgyzstan (+1.8 p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($1.2B) constitutes the largest market for imported base metal hinges worldwide, comprising 18% of global imports. The second position in the ranking was taken by Germany ($525M), with an 8% share of global imports. It was followed by China, with a 6% share.
From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +4.8%. In the other countries, the average annual rates were as follows: Germany (+5.7% per year) and China (+7.8% per year).
Import Prices By Country
In 2022, the average base metal hinge import price amounted to $6,341 per ton, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2021 when the average import price increased by 6.6%. Global import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($10,987 per ton), while Kyrgyzstan ($1,780 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.5%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Base Metal Hinges
In 2022, global base metal hinge exports dropped to 1M tons, waning by -3.4% on 2021. The total export volume increased at an average annual rate of +3.1% 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 2017 with an increase of 18%. The global exports peaked at 1M tons in 2021, and then shrank modestly in the following year.
In value terms, base metal hinge exports amounted to $7B in 2022. Overall, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.7% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.
Exports By Country
China represented the largest exporting country with an export of around 496K tons, which recorded 49% of total exports. Germany (111K tons) ranks second in terms of the total exports with an 11% share, followed by Italy (5%) and Austria (5%). The United States (37K tons), Turkey (31K tons), Canada (22K tons), Poland (22K tons), South Korea (20K tons), Taiwan (Chinese) (19K tons), the Czech Republic (19K tons) and India (17K tons) followed a long way behind the leaders.
From 2012 to 2022, average annual rates of growth with regard to base metal hinge exports from China stood at +4.6%. At the same time, Taiwan (Chinese) (+5.9%), Turkey (+4.3%), Italy (+4.2%), Poland (+4.2%), South Korea (+2.4%), the Czech Republic (+2.2%), Germany (+2.0%) and Austria (+1.5%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in the world, with a CAGR of +5.9% from 2012-2022. The United States experienced a relatively flat trend pattern. By contrast, Canada (-1.3%) and India (-2.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +6.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($2.6B) remains the largest base metal hinge supplier worldwide, comprising 37% of global exports. The second position in the ranking was taken by Germany ($1B), with a 15% share of global exports. It was followed by Austria, with an 8.5% share.
In China, base metal hinge exports expanded at an average annual rate of +10.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+3.0% per year) and Austria (+3.5% per year).
Export Prices By Country
In 2022, the average base metal hinge export price amounted to $6,887 per ton, rising by 4.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2021 when the average export price increased by 7.1%. The global export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($16,600 per ton), while India ($3,681 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.7%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global base metal hinge market. 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.
Product coverage:
- Prodcom 25721410 - Base metal hinges
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
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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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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