Metal Screw Hook Market

The global market for iron or steel screw hooks and screw rings is projected to continue its growth trend, with a forecasted increase in consumption volume and value from 2022 to 2030. Italy leads in both consumption and production, followed by China and the United States. Import and export trends show fluctuations in volume and value, with notable growth rates seen in certain countries. Overall, the market is expected to see steady growth in the coming years, driven by increasing demand worldwide.

Market Forecast

Driven by increasing demand for iron or steel screw hooks and screw rings worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +5.8% for the period from 2022 to 2030, which is projected to bring the market volume to 1.1M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.7% for the period from 2022 to 2030, which is projected to bring the market value to $4.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Iron Or Steel Screw Hooks And Screw Rings

In 2022, global consumption of iron or steel screw hooks and screw rings amounted to 707K tons, remaining stable against 2021. Overall, the total consumption indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +9.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +138.5% against 2012 indices. Over the period under review, global consumption attained the maximum volume in 2022 and is expected to retain growth in years to come.

The global metal screw hook market size reached $2.6B in 2022, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +5.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked in 2022 and is expected to retain growth in years to come.

Consumption By Country

Italy (448K tons) remains the largest metal screw hook consuming country worldwide, accounting for 63% of total volume. Moreover, metal screw hook consumption in Italy exceeded the figures recorded by the second-largest consumer, China (70K tons), sixfold. The third position in this ranking was taken by the United States (34K tons), with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume in Italy amounted to +19.5%. The remaining consuming countries recorded the following average annual rates of consumption growth: China (+3.1% per year) and the United States (+3.2% per year).

In value terms, Italy ($1.2B) led the market, alone. The second position in the ranking was taken by the United States ($306M). It was followed by China.

From 2012 to 2022, the average annual rate of growth in terms of value in Italy totaled +18.7%. In the other countries, the average annual rates were as follows: the United States (+0.4% per year) and China (+3.3% per year).

In 2022, the highest levels of metal screw hook per capita consumption was registered in Italy (7.6 kg per person), followed by the United States (0.1 kg per person), Nigeria (0.1 kg per person) and China (less than 0.1 kg per person), while the world average per capita consumption of metal screw hook was estimated at 0.1 kg per person.

From 2012 to 2022, the average annual growth rate of the metal screw hook per capita consumption in Italy totaled +19.5%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the United States (+2.5% per year) and Nigeria (-2.2% per year).

Production

World Production of Iron Or Steel Screw Hooks And Screw Rings

In 2022, global metal screw hook production totaled 679K tons, remaining stable against the previous year. In general, the total production indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +9.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 104% against the previous year. Over the period under review, global production hit record highs at 683K tons in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In value terms, metal screw hook production reached $1.3B in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 6.4% against the previous year. Over the period under review, global production reached the maximum level at $1.4B in 2018; however, from 2019 to 2022, production remained at a lower figure.

Production By Country

Italy (446K tons) constituted the country with the largest volume of metal screw hook production, comprising approx. 66% of total volume. Moreover, metal screw hook production in Italy exceeded the figures recorded by the second-largest producer, China (84K tons), fivefold. The United States (29K tons) ranked third in terms of total production with a 4.3% share.

In Italy, metal screw hook production increased at an average annual rate of +19.0% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: China (+2.8% per year) and the United States (+2.4% per year).

Imports

World Imports of Iron Or Steel Screw Hooks And Screw Rings

In 2022, purchases abroad of iron or steel screw hooks and screw rings increased by 0.4% to 63K tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, metal screw hook imports totaled $260M in 2022. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 23%. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports By Country

In 2022, Germany (10K tons), distantly followed by the United States (5.9K tons), the Netherlands (5.2K tons), Italy (5.2K tons) and Poland (3.1K tons) were the key importers of iron or steel screw hooks and screw rings, together constituting 47% of total imports. France (2.2K tons), the UK (2.1K tons), Singapore (1.9K tons), Canada (1.4K tons), Belgium (1.4K tons), Thailand (1.3K tons), the Czech Republic (1.3K tons) and Spain (1.2K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of +23.5%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($45M) constitutes the largest market for imported iron or steel screw hooks and screw rings worldwide, comprising 17% of global imports. The second position in the ranking was taken by the United States ($21M), with an 8.2% share of global imports. It was followed by Italy, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany totaled +9.2%. The remaining importing countries recorded the following average annual rates of imports growth: the United States (+2.4% per year) and Italy (+10.3% per year).

Import Prices By Country

The average metal screw hook import price stood at $4,127 per ton in 2022, picking up by 3.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 5% against the previous year. Over the period under review, average import prices attained the maximum at $4,204 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 France ($5,156 per ton), while the Netherlands ($2,427 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Iron Or Steel Screw Hooks And Screw Rings

In 2022, the amount of iron or steel screw hooks and screw rings exported worldwide reduced to 35K tons, which is down by -13.6% against the previous year's figure. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 47% against the previous year. Over the period under review, the global exports attained the peak figure at 50K tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, metal screw hook exports fell to $175M in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, the exports attained the peak of $200M, and then reduced in the following year.

Exports By Country

In 2022, China (14K tons) was the major exporter of iron or steel screw hooks and screw rings, creating 41% of total exports. Germany (5.5K tons) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by Italy (8.2%) and the Netherlands (7.2%). The United States (1,020 tons), Slovakia (938 tons), Poland (806 tons), Taiwan (Chinese) (740 tons), Belgium (688 tons), Spain (557 tons) and South Korea (529 tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +1.2% from 2012 to 2022. At the same time, Slovakia (+59.7%), the Netherlands (+14.3%), South Korea (+13.8%), Spain (+12.3%), Belgium (+9.4%), Germany (+7.6%) and Poland (+4.1%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in the world, with a CAGR of +59.7% from 2012-2022. By contrast, Taiwan (Chinese) (-2.6%), Italy (-4.5%) and the United States (-6.6%) illustrated a downward trend over the same period. Germany (+7.8 p.p.), the Netherlands (+5.2 p.p.), China (+2.7 p.p.) and Slovakia (+2.7 p.p.) significantly strengthened its position in terms of the global exports, while the United States and Italy saw its share reduced by -3.2% and -5.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($44M), China ($42M) and Italy ($12M) constituted the countries with the highest levels of exports in 2022, together comprising 56% of global exports. The Netherlands, the United States, Belgium, Taiwan (Chinese), Slovakia, Poland, South Korea and Spain lagged somewhat behind, together accounting for a further 25%.

Among the main exporting countries, Slovakia, with a CAGR of +48.4%, saw the highest growth rate of the value of exports, 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 screw hook export price stood at $5,046 per ton in 2022, with an increase of 1.6% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 92% against the previous year. As a result, the export price attained the peak level of $5,387 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($9,178 per ton), while China ($2,952 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform