Southern Asia: Base Metal Clasp Market 2024

Base Metal Clasp Market Size in Southern Asia

In 2022, the South Asian base metal clasp market increased by X% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Base Metal Clasp Production in Southern Asia

In value terms, base metal clasp production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Base Metal Clasp Exports

Exports in Southern Asia

In 2022, overseas shipments of articles such as clasps, frames with clasps, parts of base metal increased by X% to X tons, rising for the fifth year in a row after two years of decline. Overall, exports showed a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, base metal clasp exports skyrocketed to $X in 2022. Over the period under review, exports recorded prominent growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

India was the major exporting country with an export of around X tons, which resulted at X% of total exports. Pakistan (X tons) ranks second in terms of the total exports with a X% share, followed by Sri Lanka (X%).

Exports from India increased at an average annual rate of X% from 2012 to 2022. At the same time, Pakistan (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. India (X p.p.) and Pakistan (X p.p.) significantly strengthened its position in terms of the total exports, while Sri Lanka saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest base metal clasp supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total exports.

In India, base metal clasp exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sri Lanka (X% per year) and Pakistan (X% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price showed a noticeable slump. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat 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 Sri Lanka ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced mixed trends in the export price figures.

Base Metal Clasp Imports

Imports in Southern Asia

In 2022, overseas purchases of articles such as clasps, frames with clasps, parts of base metal increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, base metal clasp imports soared to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

India prevails in imports structure, reaching X tons, which was approx. X% of total imports in 2022. Sri Lanka (X tons) ranks second in terms of the total imports with a X% share, followed by Bangladesh (X%) and Pakistan (X%).

India was also the fastest-growing in terms of the articles such as clasps, frames with clasps, parts of base metal imports, with a CAGR of X% from 2012 to 2022. At the same time, Bangladesh (X%), Pakistan (X%) and Sri Lanka (X%) displayed positive paces of growth. India (X p.p.) significantly strengthened its position in terms of the total imports, while Pakistan and Sri Lanka saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported articles such as clasps, frames with clasps, parts of base metal in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

In India, base metal clasp imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sri Lanka (X% per year) and Bangladesh (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price recorded a noticeable contraction. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, 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 Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :