Southern Asia: Office Metal Staple Market 2024

Office Metal Staple Market Size in Southern Asia

The South Asian office metal staple market declined modestly to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Office Metal Staple Production in Southern Asia

In value terms, office metal staple production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 11%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Office Metal Staple Exports

Exports in Southern Asia

In 2022, the amount of base metal staples in strips for use in offices exported in Southern Asia fell to X tons, shrinking by -11.1% against 2021 figures. Total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.8% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 54%. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, office metal staple exports rose sharply to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 44%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from India (X tons), together finishing at 100% of total export.

India was also the fastest-growing in terms of the base metal staples in strips for use in offices exports, with a CAGR of +4.2% 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 office metal staple supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India amounted to +7.8%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, with an increase of 22% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 +3.5% per year.

Office Metal Staple Imports

Imports in Southern Asia

Office metal staple imports dropped modestly to X tons in 2022, which is down by -4.7% compared with the previous year. In general, imports, however, posted resilient growth. The growth pace was the most rapid in 2021 with an increase of 35% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, office metal staple imports stood at $X in 2022. Overall, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India represented the key importer of base metal staples in strips for use in offices in Southern Asia, with the volume of imports reaching X tons, which was near 53% of total imports in 2022. Pakistan (X tons) held the second position in the ranking, distantly followed by Bangladesh (X tons) and Sri Lanka (X tons). All these countries together held near 43% share of total imports. Nepal (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the base metal staples in strips for use in offices imports, with a CAGR of +26.6% from 2012 to 2022. At the same time, Pakistan (+13.5%), Nepal (+7.6%) and Sri Lanka (+2.7%) displayed positive paces of growth. Bangladesh experienced a relatively flat trend pattern. While the share of India (+39 p.p.) and Pakistan (+3.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sri Lanka (-11.3 p.p.) and Bangladesh (-27.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Pakistan ($X), India ($X) and Bangladesh ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 87% of total imports.

Pakistan, with a CAGR of +15.7%, 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

The import price in Southern Asia stood at $X per ton in 2022, picking up by 5.6% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2021 when the import price increased by 10% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :