Asia: Metal Self-Locking Nut Market 2025

Metal Self-Locking Nut Market Size in Asia

The Asian metal self-locking nut market fell to $X in 2021, reducing by -5% against the previous year. Over the period under review, consumption, however, recorded a mild increase. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Metal Self-Locking Nut Production in Asia

In value terms, metal self-locking nut production expanded slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 13% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Metal Self-Locking Nut Exports

Exports in Asia

In 2021, after two years of decline, there was significant growth in overseas shipments of iron or steel nuts (including self-locking nuts), when their volume increased by 26% to X tons. The total export volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal self-locking nut exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the main exporting country with an export of about X tons, which amounted to 56% of total exports. Taiwan (Chinese) (X tons) took a 25% share (based on physical terms) of total exports, which put it in second place, followed by Japan (7.4%). The following exporters - South Korea (X tons), India (X tons) and Turkey (X tons) - together made up 8.1% of total exports.

Exports from China increased at an average annual rate of +3.7% from 2012 to 2021. At the same time, Turkey (+19.0%), South Korea (+2.6%) and Taiwan (Chinese) (+1.5%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +19.0% from 2012-2021. Japan experienced a relatively flat trend pattern. By contrast, India (-1.1%) illustrated a downward trend over the same period. China (+4.9 p.p.) and Turkey (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) saw its share reduced by -2.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal self-locking nut supplying countries in Asia were China ($X), Taiwan (Chinese) ($X) and Japan ($X), together comprising 85% of total exports. South Korea, Turkey and India lagged somewhat behind, together accounting for a further 9.6%.

Turkey, with a CAGR of +15.4%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, surging by 3.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2020 an increase of 5.2% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($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 (+3.7%), while the other leaders experienced more modest paces of growth.

Metal Self-Locking Nut Imports

Imports in Asia

In 2021, supplies from abroad of iron or steel nuts (including self-locking nuts) increased by 14% 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 +1.0% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, metal self-locking nut imports expanded significantly to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The level of import peaked at $X in 2018; afterwards, it flattened through to 2021.

Imports by Country

The countries with the highest levels of metal self-locking nut imports in 2021 were China (X tons), India (X tons), South Korea (X tons), Japan (X tons), Vietnam (X tons) and Thailand (X tons), together accounting for 66% of total import. It was distantly followed by Turkey (X tons), creating a 4.8% share of total imports. Malaysia (X tons), the United Arab Emirates (X tons), Indonesia (X tons), Saudi Arabia (X tons), Iran (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +15.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported iron or steel nuts (including self-locking nuts) in Asia, comprising 30% of total imports. The second position in the ranking was held by Japan ($X), with a 9.8% share of total imports. It was followed by Thailand, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +2.2%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-0.6% per year) and Thailand (-1.9% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 9.6% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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