South-Eastern Asia: Market for Base Metal Automatic Door Closers 2024

Market Size for Base Metal Automatic Door Closers in South-Eastern Asia

In 2021, the Southeast Asian metal automatic door closer market decreased by -3.4% to $X, falling for the third year in a row after two years of growth. The market value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Base Metal Automatic Door Closers in South-Eastern Asia

In value terms, metal automatic door closer production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 21% against the previous year. The level of production peaked at $X in 2020, and then shrank in the following year.

Exports of Base Metal Automatic Door Closers

Exports in South-Eastern Asia

In 2021, the amount of base metal automatic door closers exported in South-Eastern Asia skyrocketed to X tons, rising by 31% compared with 2020. Total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +82.2% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal automatic door closer exports surged to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +14.8% against 2018 indices. The growth pace was the most rapid in 2018 when exports increased by 31%. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

Singapore represented the main exporter of base metal automatic door closers in South-Eastern Asia, with the volume of exports resulting at X tons, which was near 68% of total exports in 2021. It was distantly followed by Malaysia (X tons), constituting a 24% share of total exports. The following exporters - Thailand (X tons) and Indonesia (X tons) - together made up 7.2% of total exports.

From 2012 to 2021, average annual rates of growth with regard to metal automatic door closer exports from Singapore stood at +4.6%. At the same time, Malaysia (+21.4%), Indonesia (+10.8%) and Thailand (+7.8%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +21.4% from 2012-2021. From 2012 to 2021, the share of Malaysia increased by +16 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest metal automatic door closer supplier in South-Eastern Asia, comprising 86% of total exports. The second position in the ranking was held by Malaysia ($X), with an 11% share of total exports. It was followed by Indonesia, with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Singapore amounted to +4.9%. In the other countries, the average annual rates were as follows: Malaysia (+20.5% per year) and Indonesia (+21.6% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, falling by -9% against the previous year. Overall, the export price saw a slight downturn. The growth pace was the most rapid in 2018 when the export price increased by 14% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+9.8%), while the other leaders experienced more modest paces of growth.

Imports of Base Metal Automatic Door Closers

Imports in South-Eastern Asia

In 2021, after three years of decline, there was significant growth in purchases abroad of base metal automatic door closers, when their volume increased by 14% to X tons. Total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -29.3% against 2017 indices. The growth pace was the most rapid in 2014 when imports increased by 36%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, metal automatic door closer imports skyrocketed to $X in 2021. Total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -30.1% against 2017 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 29%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Indonesia (X tons), distantly followed by Thailand (X tons), the Philippines (X tons), Singapore (X tons) and Malaysia (X tons) were the largest importers of base metal automatic door closers, together constituting 95% of total imports. Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +7.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal automatic door closer importing markets in South-Eastern Asia were Singapore ($X), Indonesia ($X) and Thailand ($X), with a combined 68% share of total imports.

Indonesia, with a CAGR of +8.5%, saw the highest rates of growth with regard to the value of imports, among 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

In 2021, the import price in South-Eastern Asia amounted to $X per ton, growing by 3.3% against the previous year. Overall, the import price, however, saw a slight shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 14%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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