ASEAN: Metal Self-Tapping Screw Market 2024

Metal Self-Tapping Screw Market Size in ASEAN

The ASEAN metal self-tapping screw market dropped modestly to $X in 2022, which is down by -3.7% against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Metal Self-Tapping Screw Production in ASEAN

In value terms, metal self-tapping screw production fell modestly to $X in 2022 estimated in export price. The total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.3% 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 +4.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 22% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Metal Self-Tapping Screw Exports

Exports in ASEAN

In 2022, exports of iron or steel self-tapping screws in ASEAN expanded sharply to X tons, increasing by 5.1% on the previous year's figure. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 47%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, metal self-tapping screw exports amounted to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 +80.2% against 2016 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 39% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Vietnam represented the main exporting country with an export of around X tons, which finished at 79% of total exports. Thailand (X tons) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by the Philippines (4.7%). Malaysia (X tons) held a little share of total exports.

Vietnam was also the fastest-growing in terms of the iron or steel self-tapping screws exports, with a CAGR of +15.8% from 2012 to 2022. At the same time, the Philippines (+9.2%) displayed positive paces of growth. By contrast, Thailand (-3.4%) and Malaysia (-13.2%) illustrated a downward trend over the same period. Vietnam (+43 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and Thailand saw its share reduced by -17.9% and -23.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest metal self-tapping screw supplier in ASEAN, comprising 76% of total exports. The second position in the ranking was taken by Thailand ($X), with a 14% share of total exports. It was followed by the Philippines, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam stood at +15.5%. In the other countries, the average annual rates were as follows: Thailand (-0.2% per year) and the Philippines (+3.9% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, shrinking by -3.3% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 14%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Thailand ($X per ton) and Vietnam ($X per ton), while the Philippines ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.3%), while the other leaders experienced a decline in the export price figures.

Metal Self-Tapping Screw Imports

Imports in ASEAN

In 2022, supplies from abroad of iron or steel self-tapping screws increased by 20% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports showed strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by 57%. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, metal self-tapping screw imports rose remarkably to $X in 2022. Overall, imports saw prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by 48% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

Indonesia represented the main importing country with an import of about X tons, which finished at 40% of total imports. Thailand (X tons) took a 23% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (14%) and Malaysia (10%). Myanmar (X tons), the Philippines (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of +139.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal self-tapping screw importing markets in ASEAN were Indonesia ($X), Vietnam ($X) and Malaysia ($X), together comprising 68% of total imports. Thailand, Singapore, the Philippines and Myanmar lagged somewhat behind, together comprising a further 29%.

In terms of the main importing countries, Myanmar, with a CAGR of +101.3%, recorded the highest growth rate of 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, with a decrease of -10.6% against the previous year. Overall, the import price showed a pronounced contraction. The growth pace was the most rapid in 2019 an increase of 39%. The level of import peaked at $X per ton in 2012; however, from 2013 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 the Philippines (+12.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform