EU: Metal Letter Clip Market 2024

Metal Letter Clip Market Size in the EU

The EU metal letter clip market rose significantly to $X in 2022, surging by 9.9% 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 in certain years. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Metal Letter Clip Production in the EU

In value terms, metal letter clip production skyrocketed to $X in 2022 estimated in export price. The total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.3% 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 +137.0% against 2015 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Metal Letter Clip Exports

Exports in the EU

In 2022, approx. X tons of letter clips, letter corners of base metal were exported in the European Union; which is down by -4% against 2021. Overall, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 12%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal letter clip exports shrank modestly to $X in 2022. Over the period under review, exports saw a slight setback. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Slovenia represented the main exporting country with an export of about X tons, which finished at 37% of total exports. Germany (X tons) took the second position in the ranking, followed by the Netherlands (X tons), Poland (X tons), France (X tons) and Italy (X tons). All these countries together took near 44% share of total exports. Latvia (X tons) followed a long way behind the leaders.

Slovenia experienced a relatively flat trend pattern with regard to volume of exports of letter clips, letter corners of base metal. At the same time, Latvia (+11.5%), France (+3.8%) and Poland (+1.9%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +11.5% from 2012-2022. By contrast, Germany (-1.6%), Italy (-4.6%) and the Netherlands (-8.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Slovenia, France, Latvia and Poland increased by +11, +3.2, +3 and +2.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal letter clip supplying countries in the European Union were Slovenia ($X), Germany ($X) and the Netherlands ($X), together comprising 58% of total exports. Poland, France, Italy and Latvia lagged somewhat behind, together comprising a further 24%.

Latvia, with a CAGR of +7.8%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the export price in the European Union amounted to $X per ton, surging by 1.9% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 16% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.8%), while the other leaders experienced more modest paces of growth.

Metal Letter Clip Imports

Imports in the EU

In 2022, imports of letter clips, letter corners of base metal in the European Union reduced slightly to X tons, waning by -2.6% against the previous year. Overall, imports recorded a noticeable slump. The pace of growth appeared the most rapid in 2018 with an increase of 15% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, metal letter clip imports rose modestly to $X in 2022. Over the period under review, imports continue to indicate a slight descent. The most prominent rate of growth was recorded in 2018 with an increase of 17% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons), distantly followed by France (X tons), the Netherlands (X tons), Poland (X tons), Spain (X tons) and the Czech Republic (X tons) represented the major importers of letter clips, letter corners of base metal, together committing 69% of total imports. Greece (X tons), Belgium (X tons), Latvia (X tons), Romania (X tons), Austria (X tons), Italy (X tons) and Hungary (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal letter clip imports into Germany stood at -1.7%. At the same time, Latvia (+10.1%), Romania (+5.0%), Austria (+4.2%), Poland (+4.1%), Spain (+1.9%) and Greece (+1.9%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing importer imported in the European Union, with a CAGR of +10.1% from 2012-2022. Hungary and the Czech Republic experienced a relatively flat trend pattern. By contrast, France (-2.9%), Italy (-3.4%), the Netherlands (-10.7%) and Belgium (-19.6%) illustrated a downward trend over the same period. Germany (+5.8 p.p.), Poland (+4.9 p.p.), Spain (+3.9 p.p.), Latvia (+2.6 p.p.), the Czech Republic (+2.1 p.p.), Greece (+2 p.p.) and Romania (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands and Belgium saw its share reduced by -10.4% and -18% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported letter clips, letter corners of base metal in the European Union, comprising 24% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total imports. It was followed by France, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Germany was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (-5.3% per year) and France (-0.7% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, rising by 5.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2017 when the import price increased by 8.3% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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