Asia: Market for Base Metal Fittings For Loose-Leaf Binders Or Files 2024

Market Size for Base Metal Fittings For Loose-Leaf Binders Or Files in Asia

The Asian loose-leaf binder metal fitting market rose significantly to $X in 2022, growing by 6.5% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.3% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Base Metal Fittings For Loose-Leaf Binders Or Files in Asia

In value terms, loose-leaf binder metal fitting production rose to $X in 2022 estimated in export price. The total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.5% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by 19% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Base Metal Fittings For Loose-Leaf Binders Or Files

Exports in Asia

In 2022, approx. X tons of base metal fittings for loose-leaf binders or files were exported in Asia; which is down by -9.5% against the year before. Overall, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 11%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, loose-leaf binder metal fitting exports amounted to $X in 2022. Over the period under review, exports recorded a pronounced contraction. The growth pace was the most rapid in 2018 when exports increased by 12% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, accounting for X tons, which was near 78% of total exports in 2022. India (X tons) held an 8.7% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (6.6%). South Korea (X tons) took a relatively small share of total exports.

Exports from China decreased at an average annual rate of -7.1% from 2012 to 2022. At the same time, South Korea (+4.1%) and Malaysia (+2.0%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia, with a CAGR of +4.1% from 2012-2022. By contrast, India (-5.1%) illustrated a downward trend over the same period. China (+10 p.p.), Malaysia (+4.3 p.p.), India (+2.6 p.p.) and South Korea (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest loose-leaf binder metal fitting supplier in Asia, comprising 83% of total exports. The second position in the ranking was taken by India ($X), with a 5% share of total exports. It was followed by Malaysia, with a 5% share.

From 2012 to 2022, the average annual growth rate of value in China was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: India (-3.8% per year) and Malaysia (+0.6% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, rising by 16% against the previous year. Export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, loose-leaf binder metal fitting export price increased by +67.8% against 2016 indices. The growth pace was the most rapid in 2020 an increase of 17% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the other leaders experienced more modest paces of growth.

Imports of Base Metal Fittings For Loose-Leaf Binders Or Files

Imports in Asia

In 2022, supplies from abroad of base metal fittings for loose-leaf binders or files increased by 4.2% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports, however, showed a deep setback. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, loose-leaf binder metal fitting imports contracted slightly to $X in 2022. In general, imports, however, recorded a pronounced contraction. The growth pace was the most rapid in 2018 with an increase of 9.3%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the six major importers of base metal fittings for loose-leaf binders or files, namely Vietnam, Malaysia, Turkey, Indonesia, Thailand and Japan, represented more than two-thirds of total import. Taiwan (Chinese) (X tons), South Korea (X tons), Myanmar (X tons), India (X tons) and Israel (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 key importing countries, was attained by Myanmar (with a CAGR of +35.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported base metal fittings for loose-leaf binders or files in Asia, comprising 30% of total imports. The second position in the ranking was taken by Turkey ($X), with a 14% share of total imports. It was followed by Indonesia, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam stood at +12.6%. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (-0.9% per year) and Indonesia (-1.6% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, declining by -4.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2018 when the import price increased by 15% against the previous year. The level of import peaked at $X per ton in 2021, and then dropped 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 Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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