Asia: Market for Base Metal Automatic Door Closers 2024

Market Size for Base Metal Automatic Door Closers in Asia

In 2021, the Asian metal automatic door closer market decreased by -2.9% to $X, falling for the second consecutive year after three years of growth. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2021.

Production of Base Metal Automatic Door Closers in Asia

In value terms, metal automatic door closer production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2016 with an increase of 10%. Over the period under review, production reached the peak level at $X in 2019; afterwards, it flattened through to 2021.

Exports of Base Metal Automatic Door Closers

Exports in Asia

In 2021, metal automatic door closer exports in Asia soared to X tons, picking up by 26% on 2020. The total export volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal automatic door closer exports surged to $X in 2021. The total export value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the main exporting country with an export of about X tons, which reached 69% of total exports. Taiwan (Chinese) (X tons) took an 11% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (7.8%). South Korea (X tons), Malaysia (X tons) and Turkey (X tons) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to metal automatic door closer exports from China stood at +5.1%. At the same time, Malaysia (+21.4%), Turkey (+7.8%), Singapore (+4.6%) and Taiwan (Chinese) (+2.3%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +21.4% from 2012-2021. South Korea experienced a relatively flat trend pattern. While the share of China (+2.8 p.p.) and Malaysia (+2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-1.9 p.p.) and Taiwan (Chinese) (-2.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal automatic door closer supplier in Asia, comprising 59% of total exports. The second position in the ranking was taken by Singapore ($X), with a 17% share of total exports. It was followed by Taiwan (Chinese), with a 13% share.

In China, metal automatic door closer exports expanded at an average annual rate of +5.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Singapore (+4.9% per year) and Taiwan (Chinese) (+3.5% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 4.6%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.2%), while the other leaders experienced more modest paces of growth.

Imports of Base Metal Automatic Door Closers

Imports in Asia

In 2021, after three years of decline, there was significant growth in supplies from abroad of base metal automatic door closers, when their volume increased by 21% to X tons. The total import volume increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, metal automatic door closer imports skyrocketed to $X in 2021. Overall, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X tons), followed by China (X tons), the United Arab Emirates (X tons), India (X tons), South Korea (X tons), Indonesia (X tons), Saudi Arabia (X tons) and Turkey (X tons) were the key importers of base metal automatic door closers, together committing 66% of total imports. Taiwan (Chinese) (X tons), Thailand (X tons), the Philippines (X tons), Hong Kong SAR (X tons) and Singapore (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +7.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal automatic door closer importing markets in Asia were Japan ($X), China ($X) and the United Arab Emirates ($X), with a combined 38% share of total imports. These countries were followed by South Korea, India, Singapore, Saudi Arabia, Hong Kong SAR, Indonesia, Taiwan (Chinese), Turkey, Thailand and the Philippines, which together accounted for a further 42%.

Among the main importing countries, South Korea, with a CAGR of +8.6%, saw 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

In 2021, the import price in Asia amounted to $X per ton, increasing by 5.7% against the previous year. Overall, the import price, however, recorded a mild setback. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 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 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 South Korea (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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