China: Base Metal Clasp Market 2024

Base Metal Clasp Market Size in China

In 2022, the Chinese base metal clasp market decreased by X% to $X, falling for the sixth consecutive year after five years of growth. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Base Metal Clasp Production in China

In value terms, base metal clasp production shrank slightly to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Base Metal Clasp Exports

Exports from China

In 2022, the amount of articles such as clasps, frames with clasps, parts of base metal exported from China fell modestly to X tons, therefore, remained relatively stable against the previous year. In general, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, leveling off in the following year.

In value terms, base metal clasp exports rose significantly to $X in 2022. Overall, exports, however, recorded a strong increase. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

India (X tons), Vietnam (X tons) and Hong Kong SAR (X tons) were the main destinations of base metal clasp exports from China, together accounting for X% of total exports. Indonesia, Mexico, the United States, Turkey, Singapore, Australia, Egypt, Colombia, Cambodia and the Philippines lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Vietnam ($X) and India ($X) appeared to be the largest markets for base metal clasp exported from China worldwide, together accounting for X% of total exports. Singapore, Cambodia, the Philippines, the United States, Indonesia, Turkey, Mexico, Australia, Egypt and Colombia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, the Philippines, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average base metal clasp export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, base metal clasp export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Clasp Imports

Imports into China

In 2022, the amount of articles such as clasps, frames with clasps, parts of base metal imported into China dropped notably to X tons, which is down by X% against 2021. In general, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, base metal clasp imports plummeted to $X in 2022. Overall, imports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) constituted the largest supplier of base metal clasp to China, accounting for a X% share of total imports. Moreover, base metal clasp imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, South Korea (X tons), ninefold. Vietnam (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Taiwan (Chinese) stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Vietnam (X% per year).

In value terms, France ($X), Italy ($X) and Taiwan (Chinese) ($X) were the largest base metal clasp suppliers to China, together comprising X% of total imports. The United States, Japan, Vietnam, South Korea and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average base metal clasp import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price posted a strong expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X,827 per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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