ASEAN: Base Metal Keys Market 2025

Base Metal Keys Market Size in ASEAN

The ASEAN base metal keys market expanded slightly to $X in 2022, picking up by 4.6% against the previous year. The total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +11.3% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Base Metal Keys Production in ASEAN

In value terms, base metal keys production dropped to $X in 2022 estimated in export price. The total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.4% against 2020 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by 23% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Base Metal Keys Exports

Exports in ASEAN

In 2022, after two years of growth, there was decline in shipments abroad of base metal keys, when their volume decreased by -2.9% to X tons. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 51% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, base metal keys exports soared to $X in 2022. In general, exports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 71% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The shipments of the five major exporters of base metal keys, namely Indonesia, Malaysia, Singapore, Thailand and Vietnam, represented more than two-thirds of total export. It was distantly followed by Myanmar (X tons), generating a 5.8% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +6.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Singapore ($X) and Thailand ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 80% share of total exports.

Indonesia, with a CAGR of +12.3%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, with an increase of 21% against the previous year. Export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +10.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the export price increased by 72%. The level of export peaked in 2022 and is expected to retain growth in years to come.

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 Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+17.6%), while the other leaders experienced more modest paces of growth.

Base Metal Keys Imports

Imports in ASEAN

In 2022, the amount of base metal keys imported in ASEAN declined slightly to X tons, with a decrease of -3.8% on 2021. Over the period under review, imports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2017 with an increase of 36%. 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, base metal keys imports shrank to $X in 2022. In general, imports saw a pronounced reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the four major importers of base metal keys, namely Indonesia, Thailand, Malaysia and Vietnam, represented more than two-thirds of total import. It was distantly followed by the Philippines (X tons), mixing up an 8.3% share of total imports. The following importers - Singapore (X tons) and Myanmar (X tons) - together made up 7.1% of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +4.7%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Thailand ($X), Indonesia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 66% share of total imports. Malaysia, Singapore, the Philippines and Myanmar lagged somewhat behind, together accounting for a further 33%.

Among the main importing countries, the Philippines, with a CAGR of +8.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, shrinking by -9.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the import price increased by 72% against the previous year. The level of import peaked at $X per ton in 2021, and then fell in the following year.

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 the Philippines (+17.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform