Overview of the Global Market for Iron Or Steel Anchors, Grapnels

Market Size for Iron Or Steel Anchors, Grapnels

The global metal anchors and grapnels market reduced to $X in 2022, shrinking by -3.4% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Iron Or Steel Anchors, Grapnels

In value terms, metal anchors and grapnels production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by 31%. Over the period under review, global production attained the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Iron Or Steel Anchors, Grapnels

Exports

In 2022, shipments abroad of iron or steel anchors, grapnels increased by 11% to X units, rising for the third consecutive year after two years of decline. In general, exports, however, showed a relatively flat trend pattern. Over the period under review, the global exports reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, metal anchors and grapnels exports rose slightly to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 13%. Over the period under review, the global exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China was the major exporter of iron or steel anchors, grapnels in the world, with the volume of exports finishing at X units, which was near 54% of total exports in 2022. India (X units) ranks second in terms of the total exports with a 14% share, followed by the Netherlands (5.5%). The United States (X units), Norway (X units) and the UK (X units) held a minor share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of iron or steel anchors, grapnels. At the same time, India (+29.4%) and Norway (+7.9%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +29.4% from 2012-2022. By contrast, the UK (-1.1%), the Netherlands (-2.8%) and the United States (-6.8%) illustrated a downward trend over the same period. While the share of India (+13 p.p.), China (+6.1 p.p.) and Norway (+1.5 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the Netherlands (-1.6 p.p.) and the United States (-3.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal anchors and grapnels supplier worldwide, comprising 42% of global exports. The second position in the ranking was taken by India ($X), with a 12% share of global exports. It was followed by the Netherlands, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +3.4%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+28.5% per year) and the Netherlands (-4.6% per year).

Export Prices by Country

In 2022, the average metal anchors and grapnels export price amounted to $X per unit, shrinking by -8.6% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 15% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.4%), while the other global leaders experienced mixed trends in the export price figures.

Imports of Iron Or Steel Anchors, Grapnels

Imports

In 2022, global imports of iron or steel anchors, grapnels dropped to X units, declining by -2.1% against the previous year's figure. In general, imports recorded a slight slump. The most prominent rate of growth was recorded in 2014 when imports increased by 41% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of global imports remained at a lower figure.

In value terms, metal anchors and grapnels imports stood at $X in 2022. Over the period under review, imports saw a slight downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 31%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of global imports failed to regain momentum.

Imports by Country

In 2022, the United States (X units), distantly followed by Singapore (X units), Japan (X units), Norway (X units) and the UK (X units) were the main importers of iron or steel anchors, grapnels, together creating 41% of total imports. The United Arab Emirates (X units), Bahrain (X units), Canada (X units), South Korea (X units), the Netherlands (X units), Belgium (X units), Italy (X units) and Australia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to metal anchors and grapnels imports into the United States stood at +2.2%. At the same time, Bahrain (+54.9%), Canada (+11.6%), Italy (+8.0%), Belgium (+5.4%), the United Arab Emirates (+5.1%) and the UK (+4.6%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in the world, with a CAGR of +54.9% from 2012-2022. Norway, the Netherlands and Japan experienced a relatively flat trend pattern. By contrast, Australia (-2.8%), Singapore (-7.8%) and South Korea (-12.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States, Bahrain, Canada, the UK, the United Arab Emirates and Italy increased by +5.4, +3.8, +2.4, +1.9, +1.9 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported iron or steel anchors, grapnels worldwide, comprising 21% of global imports. The second position in the ranking was held by Singapore ($X), with a 6.9% share of global imports. It was followed by the UK, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value in the United States was relatively modest. In the other countries, the average annual rates were as follows: Singapore (-3.4% per year) and the UK (+5.2% per year).

Import Prices by Country

The average metal anchors and grapnels import price stood at $X per unit in 2022, rising by 13% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Global import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Italy ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :