Asia: Threaded Metal Articles Market 2024

Threaded Metal Articles Market Size in Asia

The Asian threaded metal articles market soared to $X in 2021, increasing by 17% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +73.7% against 2014 indices. The level of consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Threaded Metal Articles Production in Asia

In value terms, threaded metal articles production soared to $X in 2021 estimated in export price. Over the period under review, production continues to indicate prominent growth. The pace of growth was the most pronounced in 2019 when the production volume increased by 33%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Threaded Metal Articles Exports

Exports in Asia

In 2021, shipments abroad of threaded articles of iron or steel was finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 soared to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value 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. Based on 2021 figures, exports increased by +76.6% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the largest exporter of threaded articles of iron or steel in Asia, with the volume of exports recording X tons, which was near 73% of total exports in 2021. India (X tons) ranks second in terms of the total exports with a 13% share, followed by Taiwan (Chinese) (5.7%). The following exporters - Thailand (X tons) and Malaysia (X tons) - each reached a 3.3% 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, with a CAGR of +6.3% from 2012-2021. India (+2.4 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -2.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest threaded metal articles supplier in Asia, comprising 61% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 11% share of total exports. It was followed by India, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +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 stood at $X per ton in 2021, with an increase of 6.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2016 an increase of 11% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: 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

In 2021, imports of threaded articles of iron or steel in Asia surged to X tons, rising by 17% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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. The total import value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the five major importers of threaded articles of iron or steel, namely India, Thailand, the United Arab Emirates, South Korea and Japan, represented more than half of total import. It was distantly followed by Singapore (X tons), achieving a 4.6% share of total imports. Hong Kong SAR (X tons), Malaysia (X tons), Saudi Arabia (X tons), the Philippines (X tons), China (X tons), Vietnam (X tons) and Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of +22.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest threaded metal articles importing markets in Asia were India ($X), China ($X) and South Korea ($X), with a combined 34% share of total imports. These countries were followed by Thailand, the United Arab Emirates, Singapore, Japan, Vietnam, Malaysia, Turkey, Saudi Arabia, Hong Kong SAR and the Philippines, which together accounted for a further 49%.

Vietnam, with a CAGR of +22.0%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 amounted to $X per ton, with an increase of 4.7% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 7.9%. Over the period under review, import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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