Eastern Asia: Base Metal Clasp Market 2024

Base Metal Clasp Market Size in Eastern Asia

In 2022, the East Asian base metal clasp market decreased by X% to $X, falling for the fifth consecutive year after two years of growth. The total consumption indicated a measured increase 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, consumption decreased by X% against 2017 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Base Metal Clasp Production in Eastern Asia

In value terms, base metal clasp production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Base Metal Clasp Exports

Exports in Eastern Asia

In 2022, the amount of articles such as clasps, frames with clasps, parts of base metal exported in Eastern Asia fell to X tons, waning by X% on the previous year's figure. Over the period under review, exports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, base metal clasp exports reduced slightly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then fell slightly in the following year.

Exports by Country

China was the main exporting country with an export of about X tons, which reached X% of total exports. Taiwan (Chinese) (X tons) ranks second in terms of the total exports with a X% share, followed by Hong Kong SAR (X%). South Korea (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the articles such as clasps, frames with clasps, parts of base metal exports, with a CAGR of X% from 2012 to 2022. South Korea (X%), Taiwan (Chinese) (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points.

In value terms, the largest base metal clasp supplying countries in Eastern Asia were China ($X), Hong Kong SAR ($X) and Taiwan (Chinese) ($X), with a combined X% share of total exports.

Among the main exporting countries, China, 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 a decline in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Base Metal Clasp Imports

Imports in Eastern Asia

In 2022, the amount of articles such as clasps, frames with clasps, parts of base metal imported in Eastern Asia reduced rapidly to X tons, shrinking by X% against the previous year's figure. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, base metal clasp imports dropped significantly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

South Korea (X tons) and Hong Kong SAR (X tons) dominates imports structure, together generating X% of total imports. Japan (X tons) took the next position in the ranking, followed by China (X tons) and Taiwan (Chinese) (X tons). All these countries together took approx. X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported articles such as clasps, frames with clasps, parts of base metal in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Hong Kong SAR was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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