Thailand: Metal Self-Locking Nut Market 2025

Metal Self-Locking Nut Market Size in Thailand

In 2021, the Thai metal self-locking nut market increased by 18% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Metal Self-Locking Nut Production in Thailand

In value terms, metal self-locking nut production soared to $X in 2021 estimated in export price. Overall, production saw a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 48%. Metal self-locking nut production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Metal Self-Locking Nut Exports

Exports from Thailand

In 2021, the amount of iron or steel nuts (including self-locking nuts) exported from Thailand skyrocketed to X tons, increasing by 30% compared with 2020. Over the period under review, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, metal self-locking nut exports surged to $X in 2021. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X tons), India (X tons) and South Africa (X tons) were the main destinations of metal self-locking nut exports from Thailand, with a combined 46% share of total exports. These countries were followed by the United States, Indonesia, Argentina, Sweden, Japan, Germany, Malaysia, the Netherlands and the UK, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were recorded for Argentina (with a CAGR of +11.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal self-locking nut exported from Thailand were Indonesia ($X), Japan ($X) and India ($X), together comprising 38% of total exports. Argentina, South Africa, Italy, the United States, Malaysia, Sweden, Germany, the UK and the Netherlands lagged somewhat behind, together accounting for a further 43%.

In terms of the main countries of destination, Argentina, with a CAGR of +9.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal self-locking nut export price stood at $X per ton in 2021, with an increase of 14% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2015 when the average export price increased by 18% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the Netherlands ($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 the United States (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Self-Locking Nut Imports

Imports into Thailand

Metal self-locking nut imports into Thailand surged to X tons in 2021, increasing by 18% on the previous year. Over the period under review, imports, however, showed a slight descent. The growth pace was the most rapid in 2017 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, metal self-locking nut imports surged to $X in 2021. Overall, imports, however, recorded a slight descent. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of metal self-locking nut imports to Thailand, with a combined 88% share of total imports. These countries were followed by Indonesia, the United States, Malaysia and Germany, which together accounted for a further 7.8%.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +8.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of iron or steel nuts (including self-locking nuts) to Thailand, comprising 60% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Taiwan (Chinese), with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value from Japan totaled -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.5% per year) and Taiwan (Chinese) (+2.7% per year).

Import Prices by Country

In 2021, the average metal self-locking nut import price amounted to $X per ton, picking up by 13% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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