China - Base Metal Keys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBase Metal Keys Price in China - 2023
Contents:
- Base Metal Keys Price in China (FOB) - 2023
- Base Metal Keys Price in China (CIF) - 2023
- Base Metal Keys Exports in China
- Base Metal Keys Imports in China
Base Metal Keys Price in China (FOB) - 2023
In June 2023, the average base metal keys export price amounted to $12,576 per ton, rising by 17% against the previous month. Over the period under review, export price indicated a mild expansion from June 2022 to June 2023: its price increased at an average monthly rate of +1.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, base metal keys export price increased by +17.4% against May 2023 indices. The pace of growth was the most pronounced in February 2023 an increase of 42% against the previous month. The export price peaked at $17,236 per ton in March 2023; however, from April 2023 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Singapore ($28,551 per ton), while the average price for exports to Algeria ($3,298 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.
Base Metal Keys Price in China (CIF) - 2023
In June 2023, the average base metal keys import price amounted to $74,654 per ton, with a decrease of -7.7% against the previous month. Overall, import price indicated a measured increase from June 2022 to June 2023: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, base metal keys import price increased by +32.4% against April 2023 indices. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 47% m-o-m. Over the period under review, average import prices reached the maximum at $80,862 per ton in May 2023, and then declined in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($461K per ton), while the price for the UK ($29,841 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Metal Keys Exports in China
In 2022, base metal keys exports from China expanded sharply to 6.9K tons, with an increase of 15% compared with the previous year. The total export volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 26%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, base metal keys exports surged to $76M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Base Metal Keys in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.6 | 9.3 | 17.1 | 16.1 | 34.6% |
| Brazil | 2.7 | 2.0 | 3.3 | 5.0 | 22.8% |
| United Kingdom | 2.9 | 2.9 | 4.7 | 4.1 | 12.2% |
| Singapore | 0.4 | 0.3 | 0.3 | 3.6 | 108.0% |
| Malaysia | 0.8 | 0.9 | 1.4 | 2.8 | 51.8% |
| Colombia | 1.4 | 1.1 | 1.4 | 2.8 | 26.0% |
| Italy | 2.0 | 1.8 | 2.6 | 2.5 | 7.7% |
| Egypt | 2.0 | 2.1 | 2.0 | 2.3 | 4.8% |
| Mexico | 1.3 | 0.8 | 1.1 | 1.6 | 7.2% |
| Thailand | 0.5 | 0.3 | 0.6 | 1.0 | 26.0% |
| Russia | 0.2 | 0.7 | 0.7 | 1.0 | 71.0% |
| Tajikistan | N/A | 0.1 | N/A | 0.8 | 182.8% |
| Kazakhstan | 1.4 | 0.7 | 0.9 | 0.6 | -24.6% |
| Others | 24.4 | 22.4 | 30.2 | 31.9 | 9.3% |
| Total | 46.4 | 45.3 | 66.1 | 76.2 | 18.0% |
Top Export Markets for Base Metal Keys from China in 2022:
- United States (788.1 tons)
- Egypt (497.5 tons)
- Colombia (438.3 tons)
- Brazil (431.2 tons)
- Singapore (341.8 tons)
- United Kingdom (332.4 tons)
- Tajikistan (206.8 tons)
- Malaysia (204.1 tons)
- Mexico (165.6 tons)
- Thailand (147.9 tons)
- Russia (143.7 tons)
- Kazakhstan (141.6 tons)
- Italy (136.0 tons)
Base Metal Keys Imports in China
In 2022, imports of base metal keys into China contracted to 202 tons, reducing by -2.4% on the previous year's figure. The total import volume increased at an average annual rate of +1.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 42%. As a result, imports reached the peak of 207 tons, and then reduced slightly in the following year.
In value terms, base metal keys imports fell slightly to $10M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. As a result, imports attained the peak of $10M, leveling off in the following year.
| Import of Base Metal Keys in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2,623 | 1,781 | 2,101 | 2,380 | -3.2% |
| Mexico | 832 | 924 | 1,454 | 2,016 | 34.3% |
| Germany | 1,483 | 783 | 1,519 | 1,222 | -6.2% |
| United States | 1,351 | 608 | 651 | 964 | -10.6% |
| Italy | 556 | 157 | 312 | 438 | -7.6% |
| Spain | 414 | 304 | 395 | 268 | -13.5% |
| France | 215 | 102 | 200 | 250 | 5.2% |
| Belgium | 92.9 | 66.0 | 109 | 241 | 37.4% |
| Portugal | 591 | 113 | 249 | 237 | -26.3% |
| South Korea | 579 | 63.9 | 196 | 113 | -42.0% |
| Taiwan (Chinese) | 673 | N/A | N/A | N/A | 0% |
| Others | 597 | 2,356 | 2,951 | 1,953 | 48.4% |
| Total | 10,007 | 7,258 | 10,137 | 10,083 | 0.3% |
Top Suppliers of Base Metal Keys to China in 2022:
- Mexico (87.3 tons)
- Japan (26.8 tons)
- United States (9.7 tons)
- Italy (9.2 tons)
- Germany (8.2 tons)
- Belgium (5.5 tons)
- Spain (4.1 tons)
- France (3.2 tons)
- South Korea (3.1 tons)
- Portugal (1.3 tons)
This report provides an in-depth analysis of the base metal keys market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25721350 - Base metal keys presented separately (including roughly cast, forged or stamped blanks, skeleton keys)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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