Asia: Base Metal Keys Market 2025

Base Metal Keys Market Size in Asia

The Asian base metal keys market declined to $X in 2022, shrinking by -3.7% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Base Metal Keys Production in Asia

In value terms, base metal keys production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by 18%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Base Metal Keys Exports

Exports in Asia

In 2022, exports of base metal keys in Asia totaled X tons, picking up by 13% against 2021 figures. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, base metal keys exports amounted to $X in 2022. The total export value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 33%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

China prevails in exports structure, accounting for X tons, which was near 82% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X tons), generating a 4.9% share of total exports. Japan (X tons), Hong Kong SAR (X tons), India (X tons), South Korea (X tons) and Turkey (X tons) held a minor share of total exports.

Exports from China increased at an average annual rate of +2.4% from 2012 to 2022. At the same time, India (+9.0%), Turkey (+6.3%) and South Korea (+4.9%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +9.0% from 2012-2022. By contrast, Taiwan (Chinese) (-5.2%), Japan (-5.6%) and Hong Kong SAR (-6.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest base metal keys supplier in Asia, comprising 58% of total exports. The second position in the ranking was taken by Japan ($X), with an 11% share of total exports. It was followed by Taiwan (Chinese), with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +8.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-5.7% per year) and Taiwan (Chinese) (-0.9% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2017 when the export price increased by 12%. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+6.9%), while the other leaders experienced more modest paces of growth.

Base Metal Keys Imports

Imports in Asia

In 2022, base metal keys imports in Asia rose rapidly to X tons, surging by 12% against 2021 figures. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 15%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, base metal keys imports contracted modestly to $X in 2022. Overall, imports, however, recorded a mild downturn. The pace of growth was the most pronounced in 2021 when imports increased by 12% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) was the key importer of base metal keys, making up 30% of total imports. It was distantly followed by Indonesia (X tons), China (X tons), Bangladesh (X tons), Japan (X tons) and Thailand (X tons), together generating a 27% share of total imports. Malaysia (X tons), South Korea (X tons), the United Arab Emirates (X tons), Iran (X tons), Hong Kong SAR (X tons), Vietnam (X tons) and Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to base metal keys imports into India stood at +5.1%. At the same time, Bangladesh (+45.0%), Malaysia (+4.7%), Turkey (+4.0%), Thailand (+1.4%) and the United Arab Emirates (+1.1%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia, with a CAGR of +45.0% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, China (-3.3%), Hong Kong SAR (-4.4%), South Korea (-4.7%), Indonesia (-4.9%), Iran (-5.3%) and Vietnam (-7.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Bangladesh and Malaysia increased by +13, +5.1 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), China ($X) and Japan ($X) were the countries with the highest levels of imports in 2022, with a combined 45% share of total imports. Thailand, South Korea, Indonesia, Hong Kong SAR, the United Arab Emirates, Vietnam, Malaysia, Turkey, Bangladesh and Iran lagged somewhat behind, together accounting for a further 35%.

Bangladesh, with a CAGR of +41.7%, recorded the highest growth rate of the value of imports, in terms of 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 Asia stood at $X per ton in 2022, dropping by -10.8% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 30% 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 China ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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