China: Metal Self-Locking Nut Market 2025

Metal Self-Locking Nut Market Size in China

In 2021, the Chinese metal self-locking nut market decreased by -14.1% to $X, falling for the third consecutive year after two years of growth. Overall, consumption recorded a relatively flat trend pattern. Metal self-locking nut consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Metal Self-Locking Nut Production in China

In value terms, metal self-locking nut production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 13%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Metal Self-Locking Nut Exports

Exports from China

In 2021, overseas shipments of iron or steel nuts (including self-locking nuts) were finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal self-locking nut exports soared to $X in 2021. Over the period under review, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.5% 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 +100.4% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 30%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for metal self-locking nut exports from China, with a 19% share of total exports. Moreover, metal self-locking nut exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+6.7% per year) and South Korea (+3.3% per year).

In value terms, the United States ($X) remains the key foreign market for iron or steel nuts (including self-locking nuts) exports from China, comprising 18% of total exports. The second position in the ranking was taken by Germany ($X), with an 8% share of total exports. It was followed by South Korea, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+10.7% per year) and South Korea (+8.3% per year).

Export Prices by Country

The average metal self-locking nut export price stood at $X per ton in 2021, picking up by 3.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.7%. The pace of growth was the most pronounced in 2020 an increase of 14%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Spain ($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 (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Self-Locking Nut Imports

Imports into China

In 2021, overseas purchases of iron or steel nuts (including self-locking nuts) increased by 14% to X tons for the first time since 2016, thus ending a four-year declining trend. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 43%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, metal self-locking nut imports surged to $X in 2021. The total import value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest metal self-locking nut supplier to China, with a 38% share of total imports. Moreover, metal self-locking nut imports from Japan exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.4% per year) and the United States (+1.4% per year).

In value terms, the largest metal self-locking nut suppliers to China were Japan ($X), Germany ($X) and the United States ($X), with a combined 59% share of total imports. South Korea, France, Denmark, Italy and Turkey lagged somewhat behind, together comprising a further 13%.

Among the main suppliers, Turkey, with a CAGR of +49.5%, 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 metal self-locking nut import price stood at $X per ton in 2021, increasing by 2.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 39% against the previous year. The import price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :