South-Eastern Asia: Metal Castor Mounting Market 2025

Metal Castor Mounting Market Size in South-Eastern Asia

In 2022, the Southeast Asian metal castor mounting market increased by 10% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, 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 near future.

Metal Castor Mounting Production in South-Eastern Asia

In value terms, metal castor mounting production expanded remarkably to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible contraction. The growth pace was the most rapid in 2020 with an increase of 43% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Metal Castor Mounting Exports

Exports in South-Eastern Asia

Metal castor mounting exports declined to X tons in 2022, with a decrease of -4.5% against 2021 figures. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 32%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal castor mounting exports shrank to $X in 2022. In general, exports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2017 with an increase of 64%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Malaysia (X tons), distantly followed by Vietnam (X tons), Thailand (X tons) and Singapore (X tons) were the key exporters of castors with mountings of base metal, together generating 96% of total exports. Indonesia (X tons) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +17.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest metal castor mounting supplying countries in South-Eastern Asia were Vietnam ($X), Malaysia ($X) and Singapore ($X), with a combined 83% share of total exports.

Vietnam, with a CAGR of +21.8%, recorded 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 South-Eastern Asia amounted to $X per ton, approximately reflecting the previous year. Export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal castor mounting export price decreased by -18.1% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 25%. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.7%), while the other leaders experienced more modest paces of growth.

Metal Castor Mounting Imports

Imports in South-Eastern Asia

Metal castor mounting imports expanded significantly to X tons in 2022, rising by 11% on 2021 figures. Overall, imports showed buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of 35%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, metal castor mounting imports amounted to $X in 2022. In general, imports saw a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 38%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

In 2022, Indonesia (X tons), distantly followed by Thailand (X tons), Vietnam (X tons), Malaysia (X tons), Cambodia (X tons) and the Philippines (X tons) were the key importers of castors with mountings of base metal, together creating 96% of total imports. Singapore (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cambodia (with a CAGR of +39.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, with a combined 76% share of total imports. Malaysia, Singapore, Cambodia and the Philippines lagged somewhat behind, together accounting for a further 23%.

Cambodia, with a CAGR of +47.9%, 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

In 2022, the import price in South-Eastern Asia amounted to $X per ton, declining by -1.6% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 11%. As a result, import price reached the peak level of $X per ton, and then shrank modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Indonesia ($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 Philippines (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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