Thailand: Base Metal Hinge Market 2025

Base Metal Hinge Market Size in Thailand

The Thai base metal hinge market skyrocketed to $X in 2021, jumping by 20% against the previous year. Overall, consumption, however, recorded a slight contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Base Metal Hinge Production in Thailand

In value terms, base metal hinge production surged to $X in 2021 estimated in export price. Over the period under review, production showed a mild contraction. Base metal hinge production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Base Metal Hinge Exports

Exports from Thailand

In 2021, base metal hinge exports from Thailand stood at X tons, surging by 6.3% against 2020 figures. In general, total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +73.5% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 63%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, base metal hinge exports surged to $X in 2021. The total export value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Myanmar (X tons) was the main destination for base metal hinge exports from Thailand, with a 42% share of total exports. Moreover, base metal hinge exports to Myanmar exceeded the volume sent to the second major destination, South Africa (X tons), fourfold. The third position in this ranking was taken by Argentina (X tons), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Myanmar stood at +58.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+10.4% per year) and Argentina (+18.0% per year).

In value terms, Myanmar ($X), South Africa ($X) and Argentina ($X) appeared to be the largest markets for base metal hinge exported from Thailand worldwide, with a combined 41% share of total exports.

Myanmar, with a CAGR of +38.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average base metal hinge export price amounted to $X per ton, with an increase of 8.5% against the previous year. Over the period under review, the export price, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2019 when the average export price increased by 30%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+30.6%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Hinge Imports

Imports into Thailand

In 2021, base metal hinge imports into Thailand surged to X tons, picking up by 37% on the year before. Over the period under review, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +76.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, base metal hinge imports surged to $X in 2021. Overall, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 34%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main base metal hinge supplier to Thailand, with a 92% share of total imports. It was followed by Japan (X tons), with a 2.5% share of total imports. The third position in this ranking was held by Germany (X tons), with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+1.5% per year) and Germany (-4.6% per year).

In value terms, China ($X) constituted the largest supplier of base metal hinges to Thailand, comprising 71% of total imports. The second position in the ranking was taken by Japan ($X), with a 6.5% share of total imports. It was followed by Germany, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-2.2% per year) and Germany (-5.1% per year).

Import Prices by Country

The average base metal hinge import price stood at $X per ton in 2021, waning by -7.1% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 41% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+22.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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