China: Base Metal Hinge Market 2025

Base Metal Hinge Market Size in China

The Chinese base metal hinge market contracted sharply to $X in 2021, shrinking by -19.6% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Base metal hinge consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Base Metal Hinge Production in China

In value terms, base metal hinge production declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 18% against the previous year. Base metal hinge production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Base Metal Hinge Exports

Exports from China

In 2021, shipments abroad of base metal hinges increased by 25% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.6% 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 +107.7% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 47%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, base metal hinge exports skyrocketed to $X in 2021. In general, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +10.8% 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 +93.0% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for base metal hinge exports from China, with a 17% share of total exports. Moreover, base metal hinge exports to the United States exceeded the volume sent to the second major destination, India (X tons), threefold. Indonesia (X tons) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+18.1% per year) and Indonesia (+2.8% per year).

In value terms, the largest markets for base metal hinge exported from China were the United States ($X), Vietnam ($X) and India ($X), with a combined 27% share of total exports.

Among the main countries of destination, India, with a CAGR of +26.0%, saw the highest rates of growth with regard to 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

The average base metal hinge export price stood at $X per ton in 2021, with an increase of 8.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.9%. The pace of growth was the most pronounced in 2013 an increase of 18% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Hinge Imports

Imports into China

In 2021, imports of base metal hinges into China surged to X tons, rising by 32% compared with 2020. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +8.2% 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 +38.3% against 2016 indices. The pace of growth appeared the most rapid in 2016 with an increase of 40% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, base metal hinge imports skyrocketed to $X in 2021. In general, imports showed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Austria (X tons), Germany (X tons) and the Czech Republic (X tons) were the main suppliers of base metal hinge imports to China, together accounting for 80% of total imports. These countries were followed by Italy, Spain, Canada, Japan, the UK, South Korea, Slovenia and Taiwan (Chinese), which together accounted for a further 15%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +46.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Italy ($X) were the largest base metal hinge suppliers to China, together accounting for 79% of total imports. These countries were followed by Spain, the Czech Republic, Japan, Canada, the UK, Taiwan (Chinese), South Korea and Slovenia, which together accounted for a further 14%.

In terms of the main suppliers, Canada, with a CAGR of +35.7%, saw the highest growth rate of 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

The average base metal hinge import price stood at $X per ton in 2021, remaining stable against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2017 an increase of 24%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for the Czech Republic ($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) (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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