Vietnam: Metal Screw Hook Market 2025

Metal Screw Hook Market Size in Vietnam

The Vietnamese metal screw hook market totaled $X in 2022, surging by 2.8% against the previous year. In general, consumption, however, saw a mild reduction. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Metal Screw Hook Production in Vietnam

In value terms, metal screw hook production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 42%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Metal Screw Hook Exports

Exports from Vietnam

Metal screw hook exports from Vietnam reduced to X tons in 2022, waning by -10.6% against the previous year's figure. In general, exports saw a precipitous setback. The growth pace was the most rapid in 2019 with an increase of 57% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, metal screw hook exports fell to $X in 2022. Over the period under review, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2016 with an increase of 85%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Myanmar (X tons) was the main destination for metal screw hook exports from Vietnam, accounting for a 53% share of total exports. Moreover, metal screw hook exports to Myanmar exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was held by Greece (X kg), with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Myanmar amounted to +30.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+8.6% per year) and Greece (-27.2% per year).

In value terms, the UK ($X) remains the key foreign market for iron or steel screw hooks and screw rings exports from Vietnam, comprising 42% of total exports. The second position in the ranking was held by Greece ($X), with an 11% share of total exports. It was followed by Germany, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to +19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (-21.0% per year) and Germany (-32.0% per year).

Export Prices by Country

The average metal screw hook export price stood at $X per ton in 2022, approximately equating the previous year. In general, the export price enjoyed temperate growth. The most prominent rate of growth was recorded in 2016 an increase of 49%. The export price peaked at $X per ton in 2020; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Myanmar ($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 the Philippines (+46.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Screw Hook Imports

Imports into Vietnam

In 2022, purchases abroad of iron or steel screw hooks and screw rings increased by 6.6% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 148%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, metal screw hook imports expanded slightly to $X in 2022. Overall, imports, however, saw a perceptible contraction. The growth pace was the most rapid in 2015 with an increase of 96% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Japan (X tons) and South Korea (X tons) were the main suppliers of metal screw hook imports to Vietnam, together comprising 83% of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +41.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal screw hook suppliers to Vietnam were China ($X), Japan ($X) and Thailand ($X), with a combined 78% share of total imports. South Korea, Singapore, Taiwan (Chinese) and Germany lagged somewhat behind, together accounting for a further 18%.

In terms of the main suppliers, Germany, with a CAGR of +45.3%, saw the highest growth rate of 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

The average metal screw hook import price stood at $X per ton in 2022, falling by -1.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2014 an increase of 33%. As a result, import price reached the peak level of $X per ton. From 2015 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 Thailand ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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