Southern Asia: Base Metal Hook Market 2025

Base Metal Hook Market Size in Southern Asia

The South Asian base metal hook market fell slightly to $X in 2022, waning by -4.6% against the previous year. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then dropped modestly in the following year.

Base Metal Hook Production in Southern Asia

In value terms, base metal hook production declined modestly to $X in 2022 estimated in export price. In general, production showed a modest increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 17% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Base Metal Hook Exports

Exports in Southern Asia

Base metal hook exports expanded significantly to X tons in 2022, rising by 10% compared with the previous year's figure. In general, exports saw a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of 81% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, base metal hook exports skyrocketed to $X in 2022. Overall, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 82% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India prevails in exports structure, recording X tons, which was near 93% of total exports in 2022. It was distantly followed by Sri Lanka (X tons), making up a 6.3% share of total exports.

India was also the fastest-growing in terms of the base metal hooks, eyes and eyelets exports, with a CAGR of +7.3% from 2012 to 2022. Sri Lanka experienced a relatively flat trend pattern. While the share of India (+4.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sri Lanka (-4.8 p.p.) displayed negative dynamics.

In value terms, the largest base metal hook supplying countries in Southern Asia were India ($X) and Sri Lanka ($X).

Among the main exporting countries, Sri Lanka, with a CAGR of +7.7%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, growing by 5.6% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 30% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 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 Sri Lanka ($X per ton), while India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+6.8%).

Base Metal Hook Imports

Imports in Southern Asia

In 2022, approx. X tons of base metal hooks, eyes and eyelets were imported in Southern Asia; shrinking by -4.4% on 2021. Over the period under review, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 37%. The volume of import peaked at X tons in 2021, and then contracted modestly in the following year.

In value terms, base metal hook imports dropped to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +8.0% 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 +26.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 47%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Bangladesh (X tons) and India (X tons) prevails in imports structure, together mixing up 83% of total imports. It was distantly followed by Sri Lanka (X tons) and Pakistan (X tons), together constituting a 17% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India (with a CAGR of +9.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal hook importing markets in Southern Asia were Bangladesh ($X), India ($X) and Sri Lanka ($X), together comprising 95% of total imports.

Among the main importing countries, Bangladesh, with a CAGR of +11.5%, saw the highest rates of growth with regard to 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

In 2022, the import price in Southern Asia amounted to $X per ton, which is down by -10.1% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the import price increased by 30%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, 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 Bangladesh ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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