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China - Iron Or Steel Screw Hooks And Screw Rings - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

China - Iron Or Steel Screw Hooks And Screw Rings - Market Analysis, Forecast, Size, Trends And Insights

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May 10, 2023

Metal Screw Hook Price in China Plummets 14%, Averaging $2,675 per Ton

China Metal Screw Hook Export Price in March 2023

In March 2023, the metal screw hook price stood at $2,675 per ton (FOB, China), dropping by -13.7% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 when the average export price increased by 25% against the previous month. The export price peaked at $3,649 per ton in December 2022; however, from January 2023 to March 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In March 2023, the country with the highest price was Kazakhstan ($12,077 per ton), while the average price for exports to Brazil ($1,515 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRYExport Price of Metal Screw Hook in China (USD per ton)
Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023
Kazakhstan3,5601,985N/AN/AN/A1,10910,66413,55317,01011,6522,12413,30612,077
Vietnam5,0103,9514,9573,2364,6139,8035,96513,2359,0614,7989,42710,7066,798
United States2,5433,0982,9812,9642,6623,3582,7494,7806,2462,9682,4942,1093,203
Germany3,0223,4192,6492,5563,3822,5822,4122,6583,4772,9024,1601,5483,049
Algeria2,2055,151N/AN/A18,7501,90429,0682,172N/A1,2601,277N/A2,132
Mexico5,3727,2905,3382,6642,0262,7242,0222,4111,7971,5601,8751,4042,084
Spain1,5472,7302,2612,4941,7313,1852,3731,5882,1592,1792,3442,8302,028
Russia1,6632,1852,0771,8051,7692,3382,0745,1612,1971,7671,8051,4471,975
Japan2,2863,0652,0343,0432,0912,9472,1252,9396,9618,5662,3822,8751,974
Italy1,7182,0381,7661,8302,6041,8361,6812,0301,8991,9282,9592,7111,759
Saudi Arabia9,1365545,5731,469N/A2,6799,7511,2561,2431,2121,1991,2421,685
Poland1,6871,6671,6561,6541,6871,4971,4711,4491,7831,6371,6891,9841,543
Brazil1,6692,0791,8661,7411,7511,7171,5961,8051,7332,9901,5561,6371,515
Average2,7012,9252,9732,6682,7983,1042,6613,3383,4033,6492,5613,1012,675

China Metal Screw Hook Exports

In March 2023, exports of iron or steel screw hooks and screw rings from China skyrocketed to 1.3K tons, increasing by 133% compared with February 2023. Over the period under review, total exports indicated mild growth from March 2022 to March 2023: its volume increased at an average monthly rate of +1.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, exports decreased by -1.6% against January 2023 indices.

In value terms, metal screw hook exports surged to $3.3M (IndexBox estimates) in March 2023. Overall, total exports indicated a mild expansion from March 2022 to March 2023: its value increased at an average monthly rate of +1.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, exports increased by +100.8% against February 2023 indices.

China Metal Screw Hook Exports by Country

Brazil (242 tons), Germany (141 tons) and Italy (101 tons) were the main destinations of metal screw hook exports from China, with a combined 39% share of total exports. These countries were followed by the United States, Mexico, Russia, Japan, Saudi Arabia, Vietnam, Poland, Kazakhstan, Spain and Algeria, which together accounted for a further 37%.

From March 2022 to March 2023, the biggest increases were in Algeria (with a CAGR of +61.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal screw hook exported from China were Germany ($430K), Brazil ($367K) and Kazakhstan ($300K), with a combined 33% share of total exports. These countries were followed by the United States, Vietnam, Italy, Mexico, Russia, Japan, Saudi Arabia, Algeria, Spain and Poland, which together accounted for a further 38%.

Algeria, with a CAGR of +60.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the metal screw hook market in China. 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 25941157 - Iron or steel screw hooks and screw rings

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 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. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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