Asia: Office Metal Staple Market 2025

Office Metal Staple Market Size in Asia

The Asian office metal staple market amounted to $X in 2022, with an increase of 2.9% against the previous year. Over the period under review, consumption, however, saw a mild curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Office Metal Staple Production in Asia

In value terms, office metal staple production totaled $X in 2022 estimated in export price. In general, production showed a mild shrinkage. The pace of growth was the most pronounced in 2018 when the production volume increased by 15%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Office Metal Staple Exports

Exports in Asia

After five years of growth, overseas shipments of base metal staples in strips for use in offices decreased by -12.5% to X tons in 2022. Total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.8% against 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 36%. As a result, the exports reached the peak of X tons, and then declined in the following year.

In value terms, office metal staple exports contracted slightly to $X in 2022. Total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.1% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. As a result, the exports reached the peak of $X, and then dropped modestly in the following year.

Exports by Country

China prevails in exports structure, resulting at X tons, which was approx. 72% of total exports in 2022. South Korea (X tons) took the second position in the ranking, followed by Taiwan (Chinese) (X tons) and Thailand (X tons). All these countries together held approx. 18% share of total exports. The following exporters - India (X tons), Oman (X tons) and Malaysia (X tons) - together made up 6.9% of total exports.

From 2012 to 2022, average annual rates of growth with regard to office metal staple exports from China stood at +3.4%. At the same time, Thailand (+30.5%), Oman (+21.1%), South Korea (+14.3%), Taiwan (Chinese) (+4.9%) and India (+4.2%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +30.5% from 2012-2022. Malaysia experienced a relatively flat trend pattern. Thailand (+4.6 p.p.), South Korea (+3.9 p.p.) and Oman (+2.4 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -7.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest office metal staple supplier in Asia, comprising 68% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 6.2% share of total exports. It was followed by South Korea, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +5.3%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+2.9% per year) and South Korea (+13.6% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, surging by 12% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, 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 India ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+6.8%), while the other leaders experienced more modest paces of growth.

Office Metal Staple Imports

Imports in Asia

In 2022, imports of base metal staples in strips for use in offices in Asia amounted to X tons, approximately equating the previous year. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +18.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 18%. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, office metal staple imports amounted to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Indonesia represented the major importing country with an import of about X tons, which reached 27% of total imports. Taiwan (Chinese) (X tons) held an 8.5% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (8%), South Korea (6.9%), Japan (6.3%) and India (5.2%). The following importers - Vietnam (X tons), Malaysia (X tons), the Philippines (X tons), Turkey (X tons), the United Arab Emirates (X tons), Pakistan (X tons) and Uzbekistan (X tons) - together made up 22% of total imports.

From 2012 to 2022, average annual rates of growth with regard to office metal staple imports into Indonesia stood at +14.9%. At the same time, India (+26.6%), Uzbekistan (+19.9%), South Korea (+17.4%), Taiwan (Chinese) (+15.7%), Vietnam (+14.5%), Pakistan (+13.5%), the Philippines (+12.0%), Malaysia (+7.4%), Japan (+4.1%) and Thailand (+3.0%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia, with a CAGR of +26.6% from 2012-2022. By contrast, the United Arab Emirates (-1.7%) and Turkey (-4.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia, Taiwan (Chinese), India, South Korea, Vietnam and Uzbekistan increased by +14, +4.6, +4.2, +4.2, +2.1 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported base metal staples in strips for use in offices in Asia, comprising 25% of total imports. The second position in the ranking was taken by Japan ($X), with a 9.8% share of total imports. It was followed by Thailand, with a 7.3% share.

In Indonesia, office metal staple imports increased at an average annual rate of +15.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+2.8% per year) and Thailand (+2.9% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, with an increase of 4.4% against the previous year. Overall, the import price, however, continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2021 when the import price increased by 7.6% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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