South-Eastern Asia: Metal Self-Locking Nut Market 2025

Metal Self-Locking Nut Market Size in South-Eastern Asia

The Southeast Asian metal self-locking nut market declined modestly to $X in 2021, stabilizing at the previous year. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the market value increased by 9.7% against the previous year. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Metal Self-Locking Nut Production in South-Eastern Asia

In value terms, metal self-locking nut production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 12% against the previous year. The level of production peaked at $X in 2017; afterwards, it flattened through to 2021.

Metal Self-Locking Nut Exports

Exports in South-Eastern Asia

In 2021, overseas shipments of iron or steel nuts (including self-locking nuts) increased by 29% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a relatively flat trend pattern. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal self-locking nut exports soared to $X in 2021. The total export value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) and Thailand (X tons) represented the major exporters of iron or steel nuts (including self-locking nuts) in 2021, resulting at approx. 34% and 31% of total exports, respectively. It was distantly followed by the Philippines (X tons), Vietnam (X tons), Indonesia (X tons) and Singapore (X tons), together constituting a 35% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +18.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the largest metal self-locking nut supplier in South-Eastern Asia, comprising 35% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 16% share of total exports. It was followed by the Philippines, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Thailand stood at +2.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-4.7% per year) and the Philippines (+5.1% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, growing by 3.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2019 an increase of 15% against the previous year. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+5.7%), while the other leaders experienced more modest paces of growth.

Metal Self-Locking Nut Imports

Imports in South-Eastern Asia

In 2021, approx. X tons of iron or steel nuts (including self-locking nuts) were imported in South-Eastern Asia; surging by 11% against the previous year's figure. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2018 when imports increased by 20%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, metal self-locking nut imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 15%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Vietnam (X tons) and Thailand (X tons) were the main importers of iron or steel nuts (including self-locking nuts) in 2021, finishing at approx. 31% and 27% of total imports, respectively. It was distantly followed by Malaysia (X tons), Indonesia (X tons) and Singapore (X tons), together generating a 34% share of total imports. The following importers - the Philippines (X tons) and Myanmar (X tons) - together made up 6.9% of total imports.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +19.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal self-locking nut importing markets in South-Eastern Asia were Thailand ($X), Vietnam ($X) and Indonesia ($X), with a combined 73% share of total imports. Malaysia, Singapore, the Philippines and Myanmar lagged somewhat behind, together comprising a further 26%.

The Philippines, with a CAGR of +19.8%, 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, surging by 2.8% against the previous year. Overall, the import price, however, continues to indicate a mild contraction. The growth pace was the most rapid in 2019 an increase of 7.9%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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