Asia-Pacific: Metal Screw Hook Market 2025

Metal Screw Hook Market Size in Asia-Pacific

The Asia-Pacific metal screw hook market reached $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Metal Screw Hook Production in Asia-Pacific

In value terms, metal screw hook production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of 22% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Metal Screw Hook Exports

Exports in Asia-Pacific

Metal screw hook exports dropped to X tons in 2022, waning by -12.9% on the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, metal screw hook exports fell to $X in 2022. The total export value increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 49% 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 prevails in exports structure, accounting for X tons, which was near 84% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X tons), generating a 5.9% share of total exports. Singapore (X tons), Malaysia (X tons) and South Korea (X tons) held a relatively small share of total exports.

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-Pacific, 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. While the share of China (+13 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-2.2 p.p.) and Singapore (-4.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal screw hook supplier in Asia-Pacific, comprising 70% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 9.4% share of total exports. It was followed by Singapore, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +3.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+1.6% per year) and Singapore (-10.0% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2021 when the export price increased by 26%. The level of export peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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-Pacific

In 2022, metal screw hook imports in Asia-Pacific reduced to X tons, waning by -8.7% against the previous year's figure. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 52%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal screw hook imports contracted to $X in 2022. Overall, imports recorded a noticeable shrinkage. The growth pace was the most rapid in 2017 with an increase of 29%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the four major importers of iron or steel screw hooks and screw rings, namely Thailand, Singapore, Malaysia and Myanmar, represented more than half of total import. It was distantly followed by Japan (X tons), India (X tons) and Wallis and Futuna Islands (X tons), together creating an 18% share of total imports. The following importers - the Philippines (X tons), Indonesia (X tons), South Korea (X tons), Vietnam (X tons), Australia (X tons) and China (X tons) - together made up 17% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Wallis and Futuna Islands (with a CAGR of +93.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported iron or steel screw hooks and screw rings in Asia-Pacific, comprising 24% of total imports. The second position in the ranking was taken by Thailand ($X), with a 12% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Singapore was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (+10.8% per year) and China (-2.6% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, shrinking by -5% against the previous year. In general, the import price recorded a pronounced downturn. The pace of growth was the most pronounced in 2014 when the import price increased by 6.8% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 China ($X per ton), while Wallis and Futuna Islands ($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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