Eastern Asia: Metal Self-Locking Nut Market 2025

Metal Self-Locking Nut Market Size in Eastern Asia

In 2021, the East Asian metal self-locking nut market decreased by -7.9% to $X, falling for the third consecutive year after two years of growth. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Metal Self-Locking Nut Production in Eastern Asia

In value terms, metal self-locking nut production totaled $X in 2021 estimated in export price. In general, production showed mild growth. The growth pace was the most rapid in 2018 when the production volume increased by 17% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Metal Self-Locking Nut Exports

Exports in Eastern Asia

In 2021, shipments abroad of iron or steel nuts (including self-locking nuts) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat 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. The total export value increased at an average annual rate of +4.0% from 2012 to 2021; 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.

Exports by Country

China was the major exporter of iron or steel nuts (including self-locking nuts) in Eastern Asia, with the volume of exports accounting for X tons, which was approx. 61% of total exports in 2021. Taiwan (Chinese) (X tons) held the second position in the ranking, distantly followed by Japan (X tons). All these countries together held near 35% share of total exports. South Korea (X tons) held a little share of total exports.

China was also the fastest-growing in terms of the iron or steel nuts (including self-locking nuts) exports, with a CAGR of +3.7% from 2012 to 2021. At the same time, South Korea (+2.6%) and Taiwan (Chinese) (+1.5%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. From 2012 to 2021, the share of China increased by +4.8 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Taiwan (Chinese) ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2021, together comprising 94% of total exports.

Among the main exporting countries, China, with a CAGR of +7.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, growing by 3.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2020 when the export price increased by 5.7% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the other leaders experienced more modest paces of growth.

Metal Self-Locking Nut Imports

Imports in Eastern Asia

In 2021, purchases abroad of iron or steel nuts (including self-locking nuts) was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 16%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal self-locking nut imports surged to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of metal self-locking nut imports in 2021 were China (X tons), South Korea (X tons) and Japan (X tons), together accounting for 95% of total import. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +1.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported iron or steel nuts (including self-locking nuts) in Eastern Asia, comprising 61% of total imports. The second position in the ranking was held by Japan ($X), with a 20% share of total imports. It was followed by South Korea, with a 14% share.

In China, metal self-locking nut imports expanded at an average annual rate of +2.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-0.6% per year) and South Korea (+2.9% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, approximately equating the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 23%. The level of import peaked at $X per ton in 2018; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :