Global Base Metal Hook Market 2025

Base Metal Hook Market Size

The global base metal hook market contracted to $X in 2022, with a decrease of -8.1% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Base Metal Hook Production

In value terms, base metal hook production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 11% against the previous year. Over the period under review, global production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Base Metal Hook Exports

Exports

In 2022, approx. X tons of base metal hooks, eyes and eyelets were exported worldwide; surging by 15% compared with 2021. Over the period under review, exports, however, showed a slight setback. The pace of growth was the most pronounced in 2021 with an increase of 32%. Over the period under review, the global exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, base metal hook exports soared to $X in 2022. Overall, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +73.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 50%. Over the period under review, the global exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

China dominates exports structure, finishing at X tons, which was near 75% of total exports in 2022. Greece (X tons), Taiwan (Chinese) (X tons), South Korea (X tons), Germany (X tons), Austria (X tons), Hong Kong SAR (X tons) and Italy (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to base metal hook exports from China stood at -2.8%. At the same time, Greece (+85.8%), Austria (+24.6%), Germany (+4.1%) and South Korea (+2.9%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing exporter exported in the world, with a CAGR of +85.8% from 2012-2022. Italy experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-4.3%) and Taiwan (Chinese) (-6.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Greece and Austria increased by +4.4 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest base metal hook supplier worldwide, comprising 72% of global exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 4.6% share of global exports. It was followed by South Korea, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +6.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (+0.6% per year) and South Korea (+3.1% per year).

Export Prices by Country

In 2022, the average base metal hook export price amounted to $X per ton, flattening at the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, base metal hook export price increased by +50.2% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 26%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.4%), while the other global leaders experienced more modest paces of growth.

Base Metal Hook Imports

Imports

In 2022, global base metal hook imports declined to X tons, which is down by -5.8% compared with the year before. The total import volume increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 20%. Global imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, base metal hook imports reduced modestly to $X in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 35%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, Indonesia (X tons), Greece (X tons), Vietnam (X tons), Bangladesh (X tons) and India (X tons) represented the major importer of base metal hooks, eyes and eyelets in the world, committing 34% of total import. France (X tons), China (X tons), Germany (X tons), Cambodia (X tons), Poland (X tons), Hong Kong SAR (X tons), Uzbekistan (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Greece (with a CAGR of +59.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and China ($X) were the countries with the highest levels of imports in 2022, together accounting for 30% of global imports. Bangladesh, Hong Kong SAR, Cambodia, France, India, Greece, Germany, Poland, Malaysia and Uzbekistan lagged somewhat behind, together comprising a further 29%.

Among the main importing countries, Greece, with a CAGR of +39.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average base metal hook import price stood at $X per ton in 2022, increasing by 6.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 18% against the previous year. Global import price peaked at $X per ton in 2016; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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