Eastern Asia: Office Metal Staple Market 2025

Office Metal Staple Market Size in Eastern Asia

The East Asian office metal staple market rose slightly to $X in 2022, increasing by 3.9% against the previous year. In general, consumption, however, saw a perceptible contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Office Metal Staple Production in Eastern Asia

In value terms, office metal staple production rose slightly to $X in 2022 estimated in export price. Overall, production recorded a pronounced downturn. The growth pace was the most rapid in 2018 when the production volume increased by 19%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Office Metal Staple Exports

Exports in Eastern Asia

In 2022, exports of base metal staples in strips for use in offices in Eastern Asia declined to X tons, falling by -9.3% compared with 2021. Total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.1% against 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. As a result, the exports reached the peak of X tons, and then reduced in the following year.

In value terms, office metal staple exports reached $X in 2022. Total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 38% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

China prevails in exports structure, resulting at X tons, which was approx. 84% of total exports in 2022. South Korea (X tons) took the second position in the ranking, followed by Taiwan (Chinese) (X tons). All these countries together held near 15% share of total exports.

Exports from China increased at an average annual rate of +3.4% from 2012 to 2022. At the same time, South Korea (+14.3%) and Taiwan (Chinese) (+4.9%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +14.3% from 2012-2022. From 2012 to 2022, the share of South Korea increased by +4.7 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest office metal staple supplier in Eastern Asia, comprising 78% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 7.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China stood at +5.3%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+2.9% per year) and South Korea (+13.6% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, surging by 12% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while South Korea ($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 (+1.9%), while the other leaders experienced a decline in the export price figures.

Office Metal Staple Imports

Imports in Eastern Asia

After two years of growth, overseas purchases of base metal staples in strips for use in offices decreased by -6.3% to X tons in 2022. Over the period under review, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2016 when imports increased by 44% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank in the following year.

In value terms, office metal staple imports declined to $X in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 17%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

The countries with the highest levels of office metal staple imports in 2022 were Taiwan (Chinese) (X tons), South Korea (X tons) and Japan (X tons), together accounting for 94% of total import. China (X tons) and Hong Kong SAR (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +17.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of imports in 2022, with a combined 82% share of total imports.

South Korea, with a CAGR of +10.0%, saw the highest growth rate of the value of imports, in terms of 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 2022, the import price in Eastern Asia amounted to $X per ton, approximately mirroring the previous year. In general, the import price, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the import price increased by 9% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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