Asia: Base Metal Hinge Market 2025

Base Metal Hinge Market Size in Asia

In 2021, the Asian base metal hinge market decreased by -2.2% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Base Metal Hinge Production in Asia

In value terms, base metal hinge production expanded rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 22% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Base Metal Hinge Exports

Exports in Asia

In 2021, shipments abroad of base metal hinges increased by 24% to X tons, rising for the fifth year in a row after two years of decline. Total exports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +82.4% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of 35%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, base metal hinge exports soared to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +70.2% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, recording X tons, which was near 82% of total exports in 2021. It was distantly followed by Turkey (X tons), creating a 4.9% share of total exports. The following exporters - India (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) - together made up 8.8% of total exports.

China was also the fastest-growing in terms of the base metal hinges exports, with a CAGR of +5.6% from 2012 to 2021. At the same time, Turkey (+4.9%), South Korea (+1.8%) and Taiwan (Chinese) (+1.7%) displayed positive paces of growth. India experienced a relatively flat trend pattern. From 2012 to 2021, the share of China increased by +4.8 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest base metal hinge supplier in Asia, comprising 79% of total exports. The second position in the ranking was held by Turkey ($X), with a 4.7% share of total exports. It was followed by Taiwan (Chinese), with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +10.8%. In the other countries, the average annual rates were as follows: Turkey (+6.3% per year) and Taiwan (Chinese) (+6.1% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, picking up by 6.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. The pace of growth was the most pronounced in 2013 an increase of 12% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 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 Taiwan (Chinese) ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the other leaders experienced more modest paces of growth.

Base Metal Hinge Imports

Imports in Asia

In 2021, supplies from abroad of base metal hinges increased by 22% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, base metal hinge imports surged to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), India (X tons), Indonesia (X tons), South Korea (X tons), Vietnam (X tons), Saudi Arabia (X tons), Turkey (X tons), Thailand (X tons), the United Arab Emirates (X tons), Japan (X tons), Malaysia (X tons) and Iraq (X tons) represented roughly 81% of total imports in 2021.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +12.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported base metal hinges in Asia, comprising 28% of total imports. The second position in the ranking was held by Vietnam ($X), with an 8.8% share of total imports. It was followed by South Korea, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +9.9%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+14.0% per year) and South Korea (+11.8% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, picking up by 6.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :