ASEAN: Metal Washer Market 2025

Metal Washer Market Size in ASEAN

The ASEAN metal washer market was estimated at $X in 2021, picking up by 6.2% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Washer Production in ASEAN

In value terms, metal washer production stood at $X in 2021 estimated in export price. The total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 48% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Metal Washer Exports

Exports in ASEAN

After two years of decline, overseas shipments of iron or steel washers increased by 122% to X tons in 2021. Total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal washer exports soared to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons) and the Philippines (X tons) dominates exports structure, together generating 82% of total exports. Malaysia (X tons) ranks next in terms of the total exports with a 9% share, followed by Singapore (5%). Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +42.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Singapore ($X) and the Philippines ($X) were the countries with the highest levels of exports in 2021, together accounting for 84% of total exports.

Among the main exporting countries, the Philippines, with a CAGR of +22.1%, recorded the highest rates of growth with regard to the value of exports, 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 2021, waning by -23.1% against the previous year. Overall, the export price saw a noticeable descent. The pace of growth was the most pronounced in 2013 an increase of 58% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, 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 Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+8.1%), while the other leaders experienced mixed trends in the export price figures.

Metal Washer Imports

Imports in ASEAN

In 2021, the amount of iron or steel washers imported in ASEAN rose rapidly to X tons, with an increase of 12% against the previous year. The total import volume increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 19%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, metal washer imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a abrupt contraction. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Thailand was the main importing country with an import of around X tons, which resulted at 35% of total imports. Vietnam (X tons) ranks second in terms of the total imports with a 16% share, followed by Indonesia (13%), Singapore (13%), Malaysia (11%) and Myanmar (6.7%). The Philippines (X tons) took a relatively small share of total imports.

Thailand experienced a relatively flat trend pattern with regard to volume of imports of iron or steel washers. At the same time, Myanmar (+24.9%), Vietnam (+9.7%), the Philippines (+7.9%) and Singapore (+4.0%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +24.9% from 2012-2021. Malaysia experienced a relatively flat trend pattern. By contrast, Indonesia (-1.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam and Myanmar increased by +7.3 and +5.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal washer importing markets in ASEAN were Indonesia ($X), Vietnam ($X) and Malaysia ($X), together comprising 76% of total imports. These countries were followed by Singapore, the Philippines and Myanmar, which together accounted for a further 23%.

Myanmar, with a CAGR of +20.1%, saw the highest rates of growth with regard to the value of imports, among 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 2021, increasing by 6.1% against the previous year. Overall, the import price, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2018 an increase of 15% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform