Eastern Asia: Metal Castor Mounting Market 2025

Metal Castor Mounting Market Size in Eastern Asia

The East Asian metal castor mounting market rose remarkably to $X in 2022, picking up by 9.6% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Metal Castor Mounting Production in Eastern Asia

In value terms, metal castor mounting production rose to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 18%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Metal Castor Mounting Exports

Exports in Eastern Asia

After five years of growth, overseas shipments of castors with mountings of base metal decreased by -13% to X tons in 2022. Total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.9% 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 +61.1% against 2016 indices. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year. As a result, the exports reached the peak of X tons, and then reduced in the following year.

In value terms, metal castor mounting exports dropped to $X in 2022. Overall, exports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 36%. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

China dominates exports structure, finishing at X tons, which was near 89% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X tons), making up a 9.6% share of total exports.

China was also the fastest-growing in terms of the castors with mountings of base metal exports, with a CAGR of +5.5% from 2012 to 2022. At the same time, Taiwan (Chinese) (+2.3%) displayed positive paces of growth. China (+4.8 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) saw its share reduced by -2.8% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest metal castor mounting supplier in Eastern Asia, comprising 87% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 9.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China amounted to +11.0%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, increasing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2013 an increase of 14% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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 China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.2%).

Metal Castor Mounting Imports

Imports in Eastern Asia

In 2022, metal castor mounting imports in Eastern Asia contracted to X tons, which is down by -7.2% against 2021 figures. Overall, imports, however, recorded slight growth. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, metal castor mounting imports dropped modestly to $X in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 20%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

South Korea (X tons) and Japan (X tons) represented the main importers of castors with mountings of base metal in 2022, amounting to approx. 35% and 33% of total imports, respectively. It was distantly followed by China (X tons) and Taiwan (Chinese) (X tons), together comprising a 27% share of total imports. Hong Kong SAR (X tons) took a relatively small 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 Taiwan (Chinese) (with a CAGR of +7.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 89% of total imports.

South Korea, with a CAGR of +7.9%, saw the highest rates of growth with regard to the value of imports, among 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, picking up by 5.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2016 an increase of 13% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

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 ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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