ASEAN: Market for Iron Or Steel Anchors, Grapnels 2024

Market Size for Iron Or Steel Anchors, Grapnels in ASEAN

The ASEAN metal anchors and grapnels market shrank to $X in 2022, dropping by X% against the previous year. In general, consumption, however, saw a measured expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Iron Or Steel Anchors, Grapnels in ASEAN

In value terms, metal anchors and grapnels production contracted to $X in 2022 estimated in export price. In general, production posted measured growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Iron Or Steel Anchors, Grapnels

Exports in ASEAN

In 2022, shipments abroad of iron or steel anchors, grapnels was finally on the rise to reach X units after three years of decline. Overall, exports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, metal anchors and grapnels exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Vietnam (X units), Singapore (X units) and Indonesia (X units) represented the key exporter of iron or steel anchors, grapnels in ASEAN, comprising X% of total export. Thailand (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the Philippines (X%). Malaysia (X units) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest metal anchors and grapnels supplying countries in ASEAN were Vietnam ($X), Singapore ($X) and the Philippines ($X), with a combined X% share of total exports.

The Philippines, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 Philippines ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Imports of Iron Or Steel Anchors, Grapnels

Imports in ASEAN

In 2022, approx. X units of iron or steel anchors, grapnels were imported in ASEAN; which is down by X% against the year before. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, metal anchors and grapnels imports dropped to $X in 2022. In general, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Singapore was the main importing country with an import of about X units, which recorded X% of total imports. Indonesia (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (X%), Malaysia (X%) and Thailand (X%). Vietnam (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal anchors and grapnels imports into Singapore stood at X%. At the same time, Thailand (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%), Indonesia (X%) and Vietnam (X%) illustrated a downward trend over the same period. The Philippines (X p.p.), Thailand (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore, Indonesia and Vietnam saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Singapore ($X) constitutes the largest market for imported iron or steel anchors, grapnels in ASEAN, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

In Singapore, metal anchors and grapnels imports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, rising by X% against the previous year. In general, the import price, however, saw a pronounced decline. The growth pace was the most rapid in 2019 an increase of X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :