Europe: Base Metal Hook Market 2025

Base Metal Hook Market Size in Europe

The Europe base metal hook market surged to $X in 2022, jumping by 20% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Base Metal Hook Production in Europe

In value terms, base metal hook production surged to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Base Metal Hook Exports

Exports in Europe

In 2022, exports of base metal hooks, eyes and eyelets in Europe skyrocketed to X tons, picking up by 17% compared with 2021. Total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +106.3% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, base metal hook exports expanded modestly to $X in 2022. The total export value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

Greece represented the key exporter of base metal hooks, eyes and eyelets in Europe, with the volume of exports finishing at X tons, which was near 32% of total exports in 2022. It was distantly followed by Germany (X tons), Austria (X tons), Italy (X tons), Belgium (X tons) and the Netherlands (X tons), together making up a 51% share of total exports. 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, Italy ($X), Germany ($X) and Greece ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 54% share of total exports.

Greece, with a CAGR of +56.4%, saw the highest growth rate of 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

The export price in Europe stood at $X per ton in 2022, with a decrease of -12.3% against the previous year. Overall, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when the export price increased by 3.1% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Europe

For the seventh consecutive year, Europe recorded growth in overseas purchases of base metal hooks, eyes and eyelets, which increased by 5.7% to X tons in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.5% 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 +96.3% against 2015 indices. The growth pace was the most rapid in 2021 when imports increased by 34%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, base metal hook imports expanded sharply to $X in 2022. Total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +42.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 31% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

In 2022, Greece (X tons), distantly followed by France (X tons), Germany (X tons), Poland (X tons), the Netherlands (X tons) and Romania (X tons) represented the largest importers of base metal hooks, eyes and eyelets, together making up 64% of total imports. The following importers - Italy (X tons), Belgium (X tons), the UK (X tons), Portugal (X tons), Russia (X tons), Austria (X tons) and Spain (X tons) - together made up 23% 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, Portugal (+17.2%), Poland (+9.2%), France (+7.9%), Belgium (+7.7%), the Netherlands (+5.0%), Austria (+4.8%), Spain (+4.0%) and Germany (+1.0%) displayed positive paces of growth. Russia and Romania experienced a relatively flat trend pattern. By contrast, Italy (-1.1%) and the UK (-2.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Greece, Poland and Portugal increased by +25, +1.9 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest base metal hook importing markets in Europe were France ($X), Italy ($X) and Greece ($X), together accounting for 35% of total imports.

In terms of the main importing countries, Greece, with a CAGR of +39.4%, saw the highest growth rate of the value of imports, 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 Europe stood at $X per ton in 2022, with an increase of 2.6% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2018 an increase of 7.6% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 more modest paces of growth.

Source: IndexBox Platform