Asia-Pacific: Base Metal Hinge Market 2025

Base Metal Hinge Market Size in Asia-Pacific

After three years of growth, the Asia-Pacific base metal hinge market decreased by -5.6% to $X in 2021. Over the period under review, consumption recorded a mild curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Base Metal Hinge Production in Asia-Pacific

In value terms, base metal hinge production dropped modestly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 9.7% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Base Metal Hinge Exports

Exports in Asia-Pacific

In 2021, overseas shipments of base metal hinges increased by 25% to X tons, rising for the fifth consecutive year after two years of decline. Total exports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +86.3% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 36% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, base metal hinge exports skyrocketed to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.7% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, finishing at X tons, which was near 87% of total exports in 2021. India (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the base metal hinges exports, with a CAGR of +5.6% from 2012 to 2021. At the same time, South Korea (+1.8%) and Taiwan (Chinese) (+1.7%) displayed positive paces of growth. India experienced a relatively flat trend pattern. From 2012 to 2021, the share of China increased by +5 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest base metal hinge supplier in Asia-Pacific, comprising 83% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 4.4% share of total exports. It was followed by South Korea, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +10.8%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+6.1% per year) and South Korea (+1.0% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, increasing by 6.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.6%. The growth pace was the most rapid in 2013 when the export price increased by 13%. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the other leaders experienced more modest paces of growth.

Base Metal Hinge Imports

Imports in Asia-Pacific

In 2021, overseas purchases of base metal hinges increased by 32% to X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, base metal hinge imports skyrocketed to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons), India (X tons), Indonesia (X tons), South Korea (X tons), Vietnam (X tons), Australia (X tons), Thailand (X tons), Japan (X tons) and Malaysia (X tons) represented the largest importer of base metal hinges in Asia-Pacific, generating 88% of total import. Bangladesh (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +13.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported base metal hinges in Asia-Pacific, comprising 34% of total imports. The second position in the ranking was held by Vietnam ($X), with an 11% share of total imports. It was followed by South Korea, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +9.9%. In the other countries, the average annual rates were as follows: Vietnam (+14.0% per year) and South Korea (+11.8% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, leveling off at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2017 when the import price increased by 7.3%. The level of import peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: 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 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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