Southern Asia: Base Metal Keys Market 2024

Base Metal Keys Market Size in Southern Asia

In 2022, the South Asian base metal keys market increased by 5.7% to $X, rising for the second year in a row after two years of decline. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +13.4% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Base Metal Keys Production in Southern Asia

In value terms, base metal keys production contracted modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 41%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Base Metal Keys Exports

Exports in Southern Asia

In 2022, overseas shipments of base metal keys increased by 43% to X tons, rising for the third year in a row after two years of decline. In general, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 329%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, base metal keys exports skyrocketed to $X in 2022. Overall, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2017 when exports increased by 300%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, India (X tons) represented the major exporter of base metal keys in Southern Asia, making up 99% of total export.

India was also the fastest-growing in terms of the base metal keys exports, with a CAGR of +9.0% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest base metal keys supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India stood at +10.2%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, which is down by -17.9% against the previous year. Overall, the export price, however, showed modest growth. The most prominent rate of growth was recorded in 2017 an increase of 231%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +1.1% per year.

Base Metal Keys Imports

Imports in Southern Asia

In 2022, supplies from abroad of base metal keys increased by 87% to X tons, rising for the third year in a row after four years of decline. In general, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, base metal keys imports soared to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +29.7% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 44% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

India was the main importer of base metal keys in Southern Asia, with the volume of imports recording X tons, which was near 81% of total imports in 2022. It was distantly followed by Bangladesh (X tons), comprising a 14% share of total imports. Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to base metal keys imports into India stood at +5.1%. At the same time, Bangladesh (+45.0%) and Pakistan (+2.1%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +45.0% from 2012-2022. Bangladesh (+13 p.p.) significantly strengthened its position in terms of the total imports, while Pakistan and India saw its share reduced by -2.1% and -9.8% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported base metal keys in Southern Asia, comprising 89% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 7.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at +5.3%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+41.7% per year) and Pakistan (-2.8% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, waning by -30.6% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 75% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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