ASEAN: Metal Castor Mounting Market 2025

Metal Castor Mounting Market Size in ASEAN

In 2022, the ASEAN metal castor mounting market increased by 10% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Metal Castor Mounting Production in ASEAN

In value terms, metal castor mounting production expanded rapidly to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 43% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Metal Castor Mounting Exports

Exports in ASEAN

In 2022, exports of castors with mountings of base metal in ASEAN fell to X tons, with a decrease of -4.5% against 2021. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 32%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, metal castor mounting exports fell to $X in 2022. In general, exports showed a pronounced downturn. The most prominent rate of growth was recorded in 2017 with an increase of 64%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Malaysia (X tons), distantly followed by Vietnam (X tons), Thailand (X tons) and Singapore (X tons) represented the major exporters of castors with mountings of base metal, together creating 96% of total exports. Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of +17.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest metal castor mounting supplying countries in ASEAN were Vietnam ($X), Malaysia ($X) and Singapore ($X), together comprising 83% of total exports.

Vietnam, with a CAGR of +21.8%, recorded 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

The export price in ASEAN stood at $X per ton in 2022, approximately reflecting the previous year. Export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal castor mounting export price decreased by -18.1% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by 25% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.7%), while the other leaders experienced more modest paces of growth.

Metal Castor Mounting Imports

Imports in ASEAN

In 2022, the amount of castors with mountings of base metal imported in ASEAN expanded rapidly to X tons, growing by 11% on the previous year's figure. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 35% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, metal castor mounting imports rose markedly to $X in 2022. In general, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 38%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

In 2022, Indonesia (X tons), distantly followed by Thailand (X tons), Vietnam (X tons), Malaysia (X tons), Cambodia (X tons) and the Philippines (X tons) were the major importers of castors with mountings of base metal, together comprising 96% of total imports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +39.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal castor mounting importing markets in ASEAN were Vietnam ($X), Indonesia ($X) and Thailand ($X), together accounting for 76% of total imports. Malaysia, Singapore, Cambodia and the Philippines lagged somewhat behind, together comprising a further 23%.

Cambodia, with a CAGR of +47.9%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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, reducing by -1.6% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 11% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted slightly 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 ($X per ton), while Indonesia ($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 (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform