Global Metal Self-Locking Nut Market 2025

Metal Self-Locking Nut Market Size

In 2021, the global metal self-locking nut market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the global market failed to regain momentum.

Metal Self-Locking Nut Production

In value terms, metal self-locking nut production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 7.9%. Over the period under review, global production reached the peak level at $X in 2020, and then fell slightly in the following year.

Metal Self-Locking Nut Exports

Exports

In 2021, overseas shipments of iron or steel nuts (including self-locking nuts) were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal self-locking nut exports soared to $X in 2021. The total export value increased at an average annual rate of +3.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the major exporter of iron or steel nuts (including self-locking nuts) in the world, with the volume of exports reaching X tons, which was approx. 42% of total exports in 2021. Taiwan (Chinese) (X tons) held an 18% share (based on physical terms) of total exports, which put it in second place, followed by Germany (7.7%) and Japan (5.5%). The United States (X tons), the Netherlands (X tons), South Korea (X tons), India (X tons), Italy (X tons) and Turkey (X tons) held a relatively small share of total exports.

Exports from China increased at an average annual rate of +3.7% from 2012 to 2021. At the same time, Turkey (+19.0%), Italy (+4.4%), the Netherlands (+3.6%), Germany (+3.2%), South Korea (+2.6%) and Taiwan (Chinese) (+1.5%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +19.0% from 2012-2021. Japan experienced a relatively flat trend pattern. By contrast, India (-1.1%) and the United States (-5.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +4.5 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Taiwan (Chinese) ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2021, together comprising 51% of global exports. These countries were followed by Japan, the United States, Italy, the Netherlands, South Korea, Turkey and India, which together accounted for a further 30%.

Turkey, with a CAGR of +15.4%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global 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, approximately equating the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2019 an increase of 5.5%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.8%), while the other global leaders experienced more modest paces of growth.

Metal Self-Locking Nut Imports

Imports

In 2021, purchases abroad of iron or steel nuts (including self-locking nuts) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal self-locking nut imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Mexico (X tons), Canada (X tons) and the United States (X tons) was the key importer of iron or steel nuts (including self-locking nuts) in the world, committing 50% of total import. It was distantly followed by Germany (X tons), committing a 6.8% share of total imports. The following importers - the Netherlands (X tons), Spain (X tons), Italy (X tons), China (X tons), Russia (X tons), Poland (X tons), India (X tons), South Korea (X tons) and France (X tons) - together made up 20% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Mexico (with a CAGR of +19.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest metal self-locking nut importing markets worldwide were the United States ($X), Germany ($X) and China ($X), together accounting for 35% of global imports. These countries were followed by Mexico, Canada, the Netherlands, France, Poland, Italy, Russia, India, South Korea and Spain, which together accounted for a further 30%.

Poland, with a CAGR of +8.5%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal self-locking nut import price amounted to $X per ton, surging by 3.5% against the previous year. Over the period under review, the import price, however, saw a slight setback. The most prominent rate of growth was recorded in 2017 an increase of 3.7% against the previous year. Over the period under review, average import prices reached the peak figure 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 importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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