Asia-Pacific: Threaded Metal Articles Market 2024

Threaded Metal Articles Market Size in Asia-Pacific

The Asia-Pacific threaded metal articles market reduced slightly to $X in 2021, declining by -2.2% against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Threaded Metal Articles Production in Asia-Pacific

In value terms, threaded metal articles production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 7.8% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Threaded Metal Articles Exports

Exports in Asia-Pacific

In 2021, approx. X tons of threaded articles of iron or steel were exported in Asia-Pacific; picking up by 31% on the previous year. The total export volume increased at an average annual rate of +2.8% 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, threaded metal articles exports surged to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +77.7% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) represented the largest exporter of threaded articles of iron or steel, making up 74% of total exports. India (X tons) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (5.8%). The following exporters - Thailand (X tons) and Malaysia (X tons) - each reached a 3.4% share of total exports.

Exports from China increased at an average annual rate of +2.4% from 2012 to 2021. At the same time, Thailand (+6.3%), India (+5.2%), Malaysia (+3.7%) and Taiwan (Chinese) (+1.9%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +6.3% from 2012-2021. While the share of India (+2.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-2.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest threaded metal articles supplier in Asia-Pacific, comprising 63% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 11% share of total exports. It was followed by India, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +6.8%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+6.2% per year) and India (+2.8% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, with an increase of 6% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2016 when the export price increased by 11% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the near future.

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 Taiwan (Chinese) (+4.2%), while the other leaders experienced more modest paces of growth.

Threaded Metal Articles Imports

Imports in Asia-Pacific

In 2021, imports of threaded articles of iron or steel in Asia-Pacific surged to X tons, picking up by 24% on the previous year's figure. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +26.5% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, threaded metal articles imports surged to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the twelve major importers of threaded articles of iron or steel, namely India, Thailand, South Korea, Japan, Australia, Singapore, Hong Kong SAR, Malaysia, the Philippines, China, Vietnam and Cambodia, represented more than two-thirds of total import.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +56.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and South Korea ($X) were the countries with the highest levels of imports in 2021, together accounting for 40% of total imports. Thailand, Australia, Singapore, Japan, Vietnam, Malaysia, Hong Kong SAR, the Philippines and Cambodia lagged somewhat behind, together accounting for a further 51%.

Among the main importing countries, Cambodia, with a CAGR of +62.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 19% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+8.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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