Asia: Metal Washer Market 2025

Metal Washer Market Size in Asia

The Asian metal washer market was estimated at $X in 2021, leveling off at the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Metal Washer Production in Asia

In value terms, metal washer production totaled $X in 2021 estimated in export price. The total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -12.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 23% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Metal Washer Exports

Exports in Asia

In 2021, overseas shipments of iron or steel washers increased by 23% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal washer exports surged to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, 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 dominates exports structure, recording X tons, which was approx. 75% of total exports in 2021. India (X tons) held the second position in the ranking, followed by Taiwan (Chinese) (X tons) and Japan (X tons). All these countries together took approx. 19% share of total exports. Vietnam (X tons) held a little share of total exports.

China was also the fastest-growing in terms of the iron or steel washers exports, with a CAGR of +6.7% from 2012 to 2021. At the same time, India (+4.4%), Vietnam (+2.4%) and Japan (+2.4%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. From 2012 to 2021, the share of China increased by +7.2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal washer supplier in Asia, comprising 52% of total exports. The second position in the ranking was taken by Japan ($X), with a 21% share of total exports. It was followed by Taiwan (Chinese), with a 10% share.

In China, metal washer exports expanded at an average annual rate of +10.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+0.3% per year) and Taiwan (Chinese) (+3.5% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, rising by 9% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.0%), while the other leaders experienced more modest paces of growth.

Metal Washer Imports

Imports in Asia

After two years of decline, overseas purchases of iron or steel washers increased by 9% to X tons in 2021. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, metal washer imports rose remarkably to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of metal washer imports in 2021 were China (X tons), Thailand (X tons), Japan (X tons), South Korea (X tons), India (X tons), the United Arab Emirates (X tons), Vietnam (X tons), Turkey (X tons), Indonesia (X tons), Singapore (X tons), Saudi Arabia (X tons) and Malaysia (X tons), together accounting for 84% of total import.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +9.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported iron or steel washers in Asia, comprising 41% of total imports. The second position in the ranking was taken by Japan ($X), with a 7.1% share of total imports. It was followed by India, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +1.5%. In the other countries, the average annual rates were as follows: Japan (-1.4% per year) and India (+2.3% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, increasing by 5.3% against the previous year. In general, the import price, however, continues to indicate a slight setback. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, 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 ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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