Asia: Metal Screw Hook Market 2025

Metal Screw Hook Market Size in Asia

The Asian metal screw hook market was estimated at $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Metal Screw Hook Production in Asia

In value terms, metal screw hook production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 22% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Metal Screw Hook Exports

Exports in Asia

In 2022, exports of iron or steel screw hooks and screw rings in Asia fell to X tons, declining by -12.8% against the previous year. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 18%. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, metal screw hook exports reduced to $X in 2022. The total export value increased at an average annual rate of +1.1% 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 2021 with an increase of 48% against the previous year. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

China dominates exports structure, amounting to X tons, which was approx. 83% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X tons), constituting a 5.8% share of total exports. Singapore (X tons), Malaysia (X tons) and South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to metal screw hook exports from China stood at +1.3%. At the same time, South Korea (+10.1%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia, with a CAGR of +10.1% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Malaysia (-7.4%) and Singapore (-8.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +13 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal screw hook supplier in Asia, comprising 69% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 9.4% share of total exports. It was followed by Singapore, with a 4% share.

In China, metal screw hook exports increased at an average annual rate of +3.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+1.6% per year) and Singapore (-10.0% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2021 an increase of 26% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Malaysia ($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 (+2.2%), while the other leaders experienced more modest paces of growth.

Metal Screw Hook Imports

Imports in Asia

Metal screw hook imports reduced sharply to X tons in 2022, which is down by -22.7% compared with the previous year. In general, imports saw a noticeable contraction. The pace of growth appeared the most rapid in 2017 when imports increased by 40%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, metal screw hook imports declined notably to $X in 2022. Over the period under review, imports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2017 with an increase of 25%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons), Singapore (X tons), Malaysia (X tons) and Myanmar (X tons) represented roughly 54% of total imports in 2022. Japan (X tons) ranks next in terms of the total imports with a 5.9% share, followed by India (5.6%). Turkey (X tons), the Philippines (X tons), Indonesia (X tons), South Korea (X tons), Vietnam (X tons), China (X tons) and Bangladesh (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +31.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported iron or steel screw hooks and screw rings in Asia, comprising 21% of total imports. The second position in the ranking was held by Thailand ($X), with an 11% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore was relatively modest. In the other countries, the average annual rates were as follows: Thailand (+10.8% per year) and China (-2.6% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, surging by 3.5% against the previous year. Overall, the import price, however, showed a slight reduction. The pace of growth appeared the most rapid in 2016 an increase of 6.4% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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