Eastern Asia: Metal Filing Cabinet Market 2024

Metal Filing Cabinet Market Size in Eastern Asia

In 2021, the East Asian metal filing cabinet market decreased by -1.9% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Metal Filing Cabinet Production in Eastern Asia

In value terms, metal filing cabinet production rose notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 12%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Metal Filing Cabinet Exports

Exports in Eastern Asia

Metal filing cabinet exports expanded rapidly to X tons in 2021, surging by 12% compared with 2020 figures. The total export volume increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 55% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, metal filing cabinet exports soared to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.5% 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 +42.4% against 2015 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 31% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2021, China (X tons) was the largest exporter of filing cabinets, card-index cabinets or desk equipment of base metal in Eastern Asia, achieving 97% of total export.

China was also the fastest-growing in terms of the filing cabinets, card-index cabinets or desk equipment of base metal exports, with a CAGR of +2.0% from 2012 to 2021. While the share of China (+3 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest metal filing cabinet supplier in Eastern Asia.

In China, metal filing cabinet exports increased at an average annual rate of +6.5% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, picking up by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. The growth pace was the most rapid in 2016 when the export price increased by 26%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +4.4% per year.

Metal Filing Cabinet Imports

Imports in Eastern Asia

In 2021, the amount of filing cabinets, card-index cabinets or desk equipment of base metal imported in Eastern Asia reduced to X tons, declining by -5.2% against the previous year. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 17%. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, metal filing cabinet imports declined slightly to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 8.8% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Japan represented the main importing country with an import of around X tons, which reached 71% of total imports. Hong Kong SAR (X tons) ranks second in terms of the total imports with a 16% share, followed by South Korea (8.6%). Taiwan (Chinese) (X tons) followed a long way behind the leaders.

Imports into Japan increased at an average annual rate of +1.6% from 2012 to 2021. At the same time, South Korea (+10.1%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +10.1% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-2.5%) illustrated a downward trend over the same period. South Korea (+4.6 p.p.) and Japan (+3 p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR saw its share reduced by -6.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported filing cabinets, card-index cabinets or desk equipment of base metal in Eastern Asia, comprising 68% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 14% share of total imports. It was followed by South Korea, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (-5.0% per year) and South Korea (+4.2% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, with an increase of 1.6% against the previous year. Over the period under review, the import price, however, saw a mild setback. The pace of growth was the most pronounced in 2019 an increase of 5.2% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Hong Kong SAR ($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) (+7.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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