Eastern Asia: Metal Screw Hook Market 2024

Metal Screw Hook Market Size in Eastern Asia

The East Asian metal screw hook market rose modestly to $X in 2022, with an increase of 2.8% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Metal Screw Hook Production in Eastern Asia

In value terms, metal screw hook production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by 33% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Metal Screw Hook Exports

Exports in Eastern Asia

In 2022, the amount of iron or steel screw hooks and screw rings exported in Eastern Asia contracted to X tons, which is down by -14.4% compared with the year before. The total export volume increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, metal screw hook exports dropped to $X in 2022. Total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 +33.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

China prevails in exports structure, resulting at X tons, which was near 91% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X tons), generating a 6.4% share of total exports. South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to metal screw hook exports from China stood at +1.3%. At the same time, South Korea (+10.1%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +10.1% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal screw hook supplier in Eastern Asia, comprising 80% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +3.5%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+1.6% per year) and South Korea (+8.2% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, picking up by 2.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2021 an increase of 29% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Taiwan (Chinese) ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.2%), while the other leaders experienced mixed trends in the export price figures.

Metal Screw Hook Imports

Imports in Eastern Asia

In 2022, metal screw hook imports in Eastern Asia declined remarkably to X tons, waning by -32.4% on the previous year. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 33%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, metal screw hook imports shrank markedly to $X in 2022. In general, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan represented the main importer of iron or steel screw hooks and screw rings in Eastern Asia, with the volume of imports resulting at X tons, which was near 46% of total imports in 2022. South Korea (X tons) took a 22% share (based on physical terms) of total imports, which put it in second place, followed by China (13%), Taiwan (Chinese) (7.8%) and Macao SAR (6%). Hong Kong SAR (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal screw hook imports into Japan stood at -6.1%. At the same time, Macao SAR (+24.4%) and South Korea (+16.0%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +24.4% from 2012-2022. By contrast, China (-5.3%), Taiwan (Chinese) (-18.2%) and Hong Kong SAR (-18.5%) illustrated a downward trend over the same period. South Korea (+20 p.p.), Macao SAR (+5.7 p.p.), Japan (+4.5 p.p.) and China (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR and Taiwan (Chinese) saw its share reduced by -12% and -20.1% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported iron or steel screw hooks and screw rings in Eastern Asia, comprising 47% of total imports. The second position in the ranking was held by Japan ($X), with a 23% share of total imports. It was followed by South Korea, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at -2.6%. In the other countries, the average annual rates were as follows: Japan (-8.7% per year) and South Korea (+18.0% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, approximately mirroring the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 52%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Macao SAR (+13.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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