Asia: Metal Castor Mounting Market 2025

Metal Castor Mounting Market Size in Asia

The Asian metal castor mounting market expanded markedly to $X in 2022, picking up by 6.6% against the previous year. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Metal Castor Mounting Production in Asia

In value terms, metal castor mounting production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 24% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Metal Castor Mounting Exports

Exports in Asia

In 2022, shipments abroad of castors with mountings of base metal decreased by -12.1% to X tons for the first time since 2016, thus ending a five-year rising trend. Total exports indicated a moderate 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 +59.0% against 2016 indices. The growth pace was the most rapid in 2021 when exports increased by 25% against the previous year. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, metal castor mounting exports declined slightly to $X in 2022. Overall, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 35% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

China prevails in exports structure, reaching X tons, which was near 83% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X tons), constituting a 9% share of total exports. Turkey (X tons) held a minor share of total exports.

Exports from China increased at an average annual rate of +5.5% from 2012 to 2022. At the same time, Turkey (+13.6%) and Taiwan (Chinese) (+2.3%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +13.6% from 2012-2022. China (+7.9 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) saw its share reduced by -2.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal castor mounting supplier in Asia, comprising 82% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 8.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China amounted to +11.0%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+3.2% per year) and Turkey (+14.7% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, increasing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2013 an increase of 14%. Over the period under review, the export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Turkey ($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 (+5.2%), while the other leaders experienced more modest paces of growth.

Metal Castor Mounting Imports

Imports in Asia

After three years of growth, purchases abroad of castors with mountings of base metal decreased by -6.4% to X tons in 2022. The total import volume increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15%. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, metal castor mounting imports fell to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +71.0% against 2012 indices. The pace of growth was the most pronounced in 2021 with an increase of 27%. As a result, imports attained the peak of $X, and then reduced modestly in the following year.

Imports by Country

In 2022, Indonesia (X tons), distantly followed by Thailand (X tons), Vietnam (X tons), South Korea (X tons), Japan (X tons) and Malaysia (X tons) represented the main importers of castors with mountings of base metal, together making up 64% of total imports. The following importers - China (X tons), India (X tons), Turkey (X tons), Cambodia (X tons), the Philippines (X tons), Bangladesh (X tons) and Taiwan (Chinese) (X tons) - together made up 21% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cambodia (with a CAGR of +39.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 38% of total imports. Thailand, China, South Korea, Malaysia, Turkey, India, Taiwan (Chinese), Bangladesh, Cambodia and the Philippines lagged somewhat behind, together accounting for a further 47%.

In terms of the main importing countries, Cambodia, with a CAGR of +47.9%, recorded 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

The import price in Asia stood at $X per ton in 2022, rising by 3.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2021 when the import price increased by 11% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

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 ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :