Eastern Asia: Metal Washer Market 2025

Metal Washer Market Size in Eastern Asia

After two years of growth, the East Asian metal washer market decreased by -6.4% to $X in 2021. In general, consumption showed a mild slump. The pace of growth appeared the most rapid in 2016 when the market value increased by 6% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Metal Washer Production in Eastern Asia

In value terms, metal washer production reduced modestly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 7.8% against the previous year. The level of production peaked at $X in 2020, and then declined in the following year.

Metal Washer Exports

Exports in Eastern Asia

In 2021, after two years of decline, there was significant growth in overseas shipments of iron or steel washers, when their volume increased by 20% to X tons. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal washer exports surged to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, finishing at X tons, which was near 85% of total exports in 2021. Taiwan (Chinese) (X tons) took a 7.1% share (based on physical terms) of total exports, which put it in second place, followed by Japan (6.4%).

China was also the fastest-growing in terms of the iron or steel washers exports, with a CAGR of +6.7% from 2012 to 2021. At the same time, Japan (+2.4%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. While the share of China (+6.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Japan (-2.1 p.p.) and Taiwan (Chinese) (-5.1 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest metal washer supplier in Eastern Asia, comprising 59% of total exports. The second position in the ranking was taken by Japan ($X), with a 24% share of total exports.

In China, metal washer exports increased at an average annual rate of +10.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (+0.3% per year) and Taiwan (Chinese) (+3.5% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, with an increase of 10% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue 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 Taiwan (Chinese) (+4.0%), while the other leaders experienced mixed trends in the export price figures.

Metal Washer Imports

Imports in Eastern Asia

In 2021, overseas purchases of iron or steel washers were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, metal washer imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Japan (X tons) and South Korea (X tons) represented roughly 93% of total imports in 2021. The following importers - Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons) - together made up 7.2% of total imports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +6.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported iron or steel washers in Eastern Asia, comprising 72% of total imports. The second position in the ranking was held by Japan ($X), with a 12% share of total imports. It was followed by South Korea, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +1.5%. In the other countries, the average annual rates were as follows: Japan (-1.4% per year) and South Korea (+6.8% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, shrinking by -2.1% against the previous year. Over the period under review, the import price, however, showed a mild expansion. The pace of growth appeared the most rapid in 2016 an increase of 6.9% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2020, and then contracted in the following year.

Prices varied noticeably by country of destination: 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 South Korea (+4.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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