ASEAN: Metal Letter Clip Market 2025

Metal Letter Clip Market Size in ASEAN

For the third consecutive year, the ASEAN metal letter clip market recorded decline in sales value, which decreased by -3.3% to $X in 2022. In general, consumption recorded a noticeable shrinkage. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Metal Letter Clip Production in ASEAN

In value terms, metal letter clip production declined modestly to $X in 2022 estimated in export price. Overall, production recorded a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 154%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Metal Letter Clip Exports

Exports in ASEAN

Metal letter clip exports dropped modestly to X tons in 2022, remaining constant against the previous year. In general, exports recorded a noticeable contraction. The growth pace was the most rapid in 2021 with an increase of 89%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal letter clip exports reached $X in 2022. Overall, exports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 78%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore dominates exports structure, finishing at X tons, which was near 86% of total exports in 2022. It was distantly followed by Vietnam (X tons), constituting a 7.6% share of total exports. The following exporters - Malaysia (X tons) and Thailand (X tons) - together made up 6.1% of total exports.

Exports from Singapore decreased at an average annual rate of -2.9% from 2012 to 2022. At the same time, Vietnam (+4.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +4.2% from 2012-2022. By contrast, Malaysia (-5.6%) and Thailand (-6.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam increased by +3.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest metal letter clip supplier in ASEAN, comprising 86% of total exports. The second position in the ranking was taken by Vietnam ($X), with an 8.2% share of total exports. It was followed by Malaysia, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore stood at -2.9%. In the other countries, the average annual rates were as follows: Vietnam (+5.5% per year) and Malaysia (-4.1% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, increasing by 2% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 26%. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.7%), while the other leaders experienced more modest paces of growth.

Metal Letter Clip Imports

Imports in ASEAN

In 2022, overseas purchases of letter clips, letter corners of base metal were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, imports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2013 with an increase of 53% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, metal letter clip imports surged to $X in 2022. Overall, imports, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2013 with an increase of 30%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Indonesia (X tons) and Thailand (X tons) represented roughly 51% of total imports in 2022. Malaysia (X tons) ranks next in terms of the total imports with a 14% share, followed by Singapore (13%), Vietnam (12%) and the Philippines (5.8%). Myanmar (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of +34.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Indonesia ($X) and Singapore ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 60% share of total imports. Thailand, Vietnam, the Philippines and Myanmar lagged somewhat behind, together comprising a further 38%.

In terms of the main importing countries, Myanmar, with a CAGR of +32.9%, 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

In 2022, the import price in ASEAN amounted to $X per ton, rising by 13% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2014 an increase of 18% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Malaysia ($X per ton), while the Philippines ($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 (+18.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform