Asia-Pacific: Market for Base Metal Fittings For Loose-Leaf Binders Or Files 2024

Market Size for Base Metal Fittings For Loose-Leaf Binders Or Files in Asia-Pacific

The Asia-Pacific loose-leaf binder metal fitting market rose remarkably to $X in 2022, with an increase of 6.7% against the previous year. The total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.8% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Base Metal Fittings For Loose-Leaf Binders Or Files in Asia-Pacific

In value terms, loose-leaf binder metal fitting production totaled $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.4% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by 19%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Base Metal Fittings For Loose-Leaf Binders Or Files

Exports in Asia-Pacific

In 2022, exports of base metal fittings for loose-leaf binders or files in Asia-Pacific reduced to X tons, which is down by -9.7% on 2021. In general, exports saw a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by 11% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, loose-leaf binder metal fitting exports rose modestly to $X in 2022. Overall, exports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of 12% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, resulting at X tons, which was approx. 78% of total exports in 2022. India (X tons) held the second position in the ranking, followed by Malaysia (X tons). All these countries together took approx. 15% share of total exports. South Korea (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to loose-leaf binder metal fitting exports from China stood at -7.1%. At the same time, South Korea (+4.1%) and Malaysia (+2.0%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +4.1% from 2012-2022. By contrast, India (-5.1%) illustrated a downward trend over the same period. China (+10 p.p.), Malaysia (+4.3 p.p.), India (+2.6 p.p.) and South Korea (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest loose-leaf binder metal fitting supplier in Asia-Pacific, comprising 84% of total exports. The second position in the ranking was held by India ($X), with a 5% share of total exports. It was followed by Malaysia, with a 5% share.

In China, loose-leaf binder metal fitting exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (-3.8% per year) and Malaysia (+0.6% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, with an increase of 16% against the previous year. Export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, loose-leaf binder metal fitting export price increased by +67.7% against 2016 indices. The pace of growth appeared the most rapid in 2020 an increase of 17% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while India ($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 (+6.6%), while the other leaders experienced more modest paces of growth.

Imports of Base Metal Fittings For Loose-Leaf Binders Or Files

Imports in Asia-Pacific

In 2022, overseas purchases of base metal fittings for loose-leaf binders or files increased by 7.2% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports, however, continue to indicate a abrupt setback. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, loose-leaf binder metal fitting imports declined slightly to $X in 2022. In general, imports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2018 with an increase of 9.5% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Vietnam (X tons), Malaysia (X tons), Indonesia (X tons), Thailand (X tons) and Japan (X tons) represented the key importer of base metal fittings for loose-leaf binders or files in Asia-Pacific, making up 80% of total import. It was distantly followed by Taiwan (Chinese) (X tons), committing a 4.6% share of total imports. South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +9.9%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Vietnam ($X) constitutes the largest market for imported base metal fittings for loose-leaf binders or files in Asia-Pacific, comprising 37% of total imports. The second position in the ranking was held by Indonesia ($X), with a 15% share of total imports. It was followed by Japan, with a 14% share.

In Vietnam, loose-leaf binder metal fitting imports expanded at an average annual rate of +12.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (-1.6% per year) and Japan (-5.4% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, dropping by -8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2018 an increase of 14% against the previous year. The level of import peaked at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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