Asia: Base Metal Clasp Market 2024

Base Metal Clasp Market Size in Asia

The Asian base metal clasp market was estimated at $X in 2023, increasing by X% against the previous year. The total consumption indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2017 to 2023, the growth of the market remained at a lower figure.

Base Metal Clasp Production in Asia

In value terms, base metal clasp production rose slightly to $X in 2023 estimated in export price. The total production indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.

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Base Metal Clasp Exports

Exports in Asia

In 2023, the amount of articles such as clasps, frames with clasps, parts of base metal exported in Asia reduced slightly to X tons, standing approx. at the year before. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, base metal clasp exports totaled $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in the immediate term.

Exports by Country

China represented the key exporter of articles such as clasps, frames with clasps, parts of base metal in Asia, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2023. Taiwan (Chinese) (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (X%) and Hong Kong SAR (X%). India (X tons), South Korea (X tons) and Vietnam (X tons) held a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to base metal clasp exports from China stood at X%. At the same time, Turkey (X%), India (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. By contrast, Taiwan (Chinese) (X%), Hong Kong SAR (X%) and South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Turkey, China, India and Vietnam increased by X, X, X and X percentage points, respectively.

In value terms, the largest base metal clasp supplying countries in Asia were Hong Kong SAR ($X), China ($X) and Taiwan (Chinese) ($X), together comprising X% of total exports. Turkey, South Korea, Vietnam and India lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, 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 leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2023, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Base Metal Clasp Imports

Imports in Asia

In 2023, after two years of growth, there was significant decline in purchases abroad of articles such as clasps, frames with clasps, parts of base metal, when their volume decreased by X% to X tons. Total imports indicated a temperate expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2022, and then declined in the following year.

In value terms, base metal clasp imports declined to $X in 2023. Total imports indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, India (X tons), distantly followed by Indonesia (X tons), Cambodia (X tons), Turkey (X tons), Myanmar (X tons), Vietnam (X tons) and South Korea (X tons) represented the key importers of articles such as clasps, frames with clasps, parts of base metal, together generating X% of total imports. Malaysia (X tons), Hong Kong SAR (X tons), Sri Lanka (X tons), the Philippines (X tons) and Bangladesh (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Vietnam ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports. India, Cambodia, Turkey, the Philippines, Bangladesh, Sri Lanka, South Korea, Malaysia and Myanmar lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The import price in Asia stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2023, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform