South-Eastern Asia: Metal Screw Hook Market 2024

Metal Screw Hook Market Size in South-Eastern Asia

In 2022, the Southeast Asian metal screw hook market decreased by -9.6% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Metal Screw Hook Production in South-Eastern Asia

In value terms, metal screw hook production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production showed a mild decrease. The most prominent rate of growth was recorded in 2015 when the production volume increased by 140% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Metal Screw Hook Exports

Exports in South-Eastern Asia

In 2022, the amount of iron or steel screw hooks and screw rings exported in South-Eastern Asia fell slightly to X tons, reducing by -3.9% against 2021 figures. Overall, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2019 when exports increased by 53% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal screw hook exports shrank dramatically to $X in 2022. Over the period under review, exports saw a deep setback. The growth pace was the most rapid in 2018 with an increase of 28% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore was the key exporter of iron or steel screw hooks and screw rings in South-Eastern Asia, with the volume of exports resulting at X tons, which was near 58% of total exports in 2022. It was distantly followed by Malaysia (X tons), generating a 36% share of total exports. The Philippines (X tons) and Thailand (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of -0.9%), while the other leaders experienced a decline in the exports figures.

In value terms, Singapore ($X) remains the largest metal screw hook supplier in South-Eastern Asia, comprising 68% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 19% share of total exports. It was followed by the Philippines, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore stood at -10.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-7.3% per year) and the Philippines (-29.0% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, waning by -33.9% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 48%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+4.4%), while the other leaders experienced mixed trends in the export price figures.

Metal Screw Hook Imports

Imports in South-Eastern Asia

In 2022, after two years of growth, there was decline in supplies from abroad of iron or steel screw hooks and screw rings, when their volume decreased by -1.6% to X tons. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 62%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, metal screw hook imports shrank to $X in 2022. Overall, imports saw a mild curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 31%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The countries with the highest levels of metal screw hook imports in 2022 were Thailand (X tons), Singapore (X tons), Malaysia (X tons) and Myanmar (X tons), together reaching 84% of total import. It was distantly followed by the Philippines (X tons) and Indonesia (X tons), together committing an 11% share of total imports. Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +31.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported iron or steel screw hooks and screw rings in South-Eastern Asia, comprising 41% of total imports. The second position in the ranking was taken by Thailand ($X), with a 20% share of total imports. It was followed by Malaysia, with a 15% share.

From 2012 to 2022, the average annual growth rate of value in Singapore was relatively modest. In the other countries, the average annual rates were as follows: Thailand (+10.8% per year) and Malaysia (+10.6% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, declining by -8.7% against the previous year. Overall, the import price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2015 an increase of 15%. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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