United Kingdom: Metal Screw Hook Market 2025

Metal Screw Hook Market Size in the UK

In 2022, after two years of growth, there was significant decline in the UK metal screw hook market, when its value decreased by -7.1% to $X. Over the period under review, consumption saw a mild contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Metal Screw Hook Production in the UK

In value terms, metal screw hook production expanded sharply to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2020 when the production volume increased by 27%. Metal screw hook production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Metal Screw Hook Exports

Exports from the UK

In 2022, overseas shipments of iron or steel screw hooks and screw rings decreased by -3.9% to X tons, falling for the third year in a row after four years of growth. Over the period under review, exports, however, saw a tangible increase. The pace of growth was the most pronounced in 2019 when exports increased by 97%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal screw hook exports soared to $X in 2022. Overall, total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -36.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 62% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Ireland (X tons) was the main destination for metal screw hook exports from the UK, with a 38% share of total exports. Moreover, metal screw hook exports to Ireland exceeded the volume sent to the second major destination, the United States (X tons), twofold. The Netherlands (X tons) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume to Ireland totaled +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+8.1% per year) and the Netherlands (+37.6% per year).

In value terms, the United States ($X) remains the key foreign market for iron or steel screw hooks and screw rings exports from the UK, comprising 34% of total exports. The second position in the ranking was held by Ireland ($X), with an 8% share of total exports. It was followed by Sweden, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+12.5% per year) and Sweden (+52.8% per year).

Export Prices by Country

The average metal screw hook export price stood at $X per ton in 2022, with an increase of 25% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 56% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Screw Hook Imports

Imports into the UK

In 2022, the amount of iron or steel screw hooks and screw rings imported into the UK contracted rapidly to X tons, declining by -35.4% compared with the previous year's figure. Overall, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 165% against the previous year. As a result, imports attained the peak of X tons, and then contracted notably in the following year.

In value terms, metal screw hook imports declined sharply to $X in 2022. In general, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. As a result, imports attained the peak of $X, and then reduced dramatically in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal screw hook to the UK, accounting for a 56% share of total imports. Moreover, metal screw hook imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. Vietnam (X tons) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-0.3% per year) and Vietnam (+59.3% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and Germany ($X) were the largest metal screw hook suppliers to the UK, together accounting for 79% of total imports. Vietnam, the United States, India and France lagged somewhat behind, together accounting for a further 15%.

Among the main suppliers, Vietnam, with a CAGR of +59.4%, recorded 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 average metal screw hook import price amounted to $X per ton, picking up by 5% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 51% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Vietnam ($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 (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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