EU: Base Metal Hook Market 2025

Base Metal Hook Market Size in the EU

The EU base metal hook market surged to $X in 2022, with an increase of 24% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Base Metal Hook Production in the EU

In value terms, base metal hook production soared to $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +72.6% against 2019 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Base Metal Hook Exports

Exports in the EU

Base metal hook exports surged to X tons in 2022, with an increase of 18% on the previous year's figure. In general, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, base metal hook exports stood at $X in 2022. The total export value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 29% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

Greece was the main exporter of base metal hooks, eyes and eyelets in the European Union, with the volume of exports finishing at X tons, which was near 33% of total exports in 2022. Germany (X tons) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Austria (13%), Italy (11%), Belgium (5.6%) and the Netherlands (5.5%). France (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Greece (with a CAGR of +85.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest base metal hook supplying countries in the European Union were Italy ($X), Germany ($X) and Greece ($X), with a combined 57% share of total exports.

Greece, with a CAGR of +56.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, dropping by -13.4% against the previous year. In general, the export price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 an increase of 3.5% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.6%), while the other leaders experienced more modest paces of growth.

Base Metal Hook Imports

Imports in the EU

In 2022, the amount of base metal hooks, eyes and eyelets imported in the European Union totaled X tons, with an increase of 7.4% compared with the previous year's figure. Overall, imports posted strong growth. The growth pace was the most rapid in 2021 when imports increased by 36% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, base metal hook imports rose markedly to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 31% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Greece represented the largest importer of base metal hooks, eyes and eyelets in the European Union, with the volume of imports recording X tons, which was near 28% of total imports in 2022. France (X tons) held the second position in the ranking, followed by Germany (X tons), Poland (X tons), the Netherlands (X tons), Romania (X tons), Italy (X tons) and Belgium (X tons). All these countries together held approx. 53% share of total imports.

Greece was also the fastest-growing in terms of the base metal hooks, eyes and eyelets imports, with a CAGR of +59.6% from 2012 to 2022. At the same time, Poland (+9.2%), France (+7.9%), Belgium (+7.7%), the Netherlands (+5.0%) and Germany (+1.0%) displayed positive paces of growth. Romania experienced a relatively flat trend pattern. By contrast, Italy (-1.1%) illustrated a downward trend over the same period. While the share of Greece (+28 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Netherlands (-2 p.p.), Romania (-5.7 p.p.), Italy (-6.6 p.p.) and Germany (-10.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X), Italy ($X) and Greece ($X) constituted the countries with the highest levels of imports in 2022, together comprising 41% of total imports.

Greece, with a CAGR of +39.4%, recorded the highest rates of growth with regard to 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

The import price in the European Union stood at $X per ton in 2022, surging by 3.4% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible slump. The growth pace was the most rapid in 2018 when the import price increased by 6.9% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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