Asia: Metal Filing Cabinet Market 2023

Metal Filing Cabinet Market Size in Asia

In 2021, the Asian metal filing cabinet market decreased by -0.5% to $X, falling for the fourth consecutive year after three years of growth. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Metal Filing Cabinet Production in Asia

In value terms, metal filing cabinet production rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2016 when the production volume increased by 11% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Metal Filing Cabinet Exports

Exports in Asia

In 2021, exports of filing cabinets, card-index cabinets or desk equipment of base metal in Asia rose significantly to X tons, picking up by 11% on 2020. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 35% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal filing cabinet exports soared to $X in 2021. The total export value increased at an average annual rate of +4.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 26% against the previous year. The level of export peaked in 2021 and is likely to continue growth in years to come.

Exports by Country

China prevails in exports structure, recording X tons, which was near 89% of total exports in 2021. The following exporters - Iran (X tons) and the United Arab Emirates (X tons) - each amounted to a 3.8% share of total exports.

Exports from China increased at an average annual rate of +2.0% from 2012 to 2021. At the same time, Iran (+34.5%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in Asia, with a CAGR of +34.5% from 2012-2021. By contrast, the United Arab Emirates (-8.8%) illustrated a downward trend over the same period. China (+9.2 p.p.) and Iran (+2 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -2.4% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest metal filing cabinet supplier in Asia, comprising 92% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 0.7% share of total exports.

In China, metal filing cabinet exports increased at an average annual rate of +6.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-5.2% per year) and Iran (+38.3% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, increasing by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2016 when the export price increased by 18% against the previous year. The level of export peaked in 2021 and is likely to continue growth in years to come.

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 China ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the other leaders experienced more modest paces of growth.

Metal Filing Cabinet Imports

Imports in Asia

In 2021, overseas purchases of filing cabinets, card-index cabinets or desk equipment of base metal increased by 0.6% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2015 with an increase of 16% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, metal filing cabinet imports declined modestly to $X in 2021. In general, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 10% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons) and Indonesia (X tons) represented the key importers of filing cabinets, card-index cabinets or desk equipment of base metal in Asia, together amounting to approx. 50% of total imports. Hong Kong SAR (X tons) ranks next in terms of the total imports with a 5.9% share, followed by Qatar (4.8%). The following importers - Singapore (X tons), Malaysia (X tons), South Korea (X tons), Oman (X tons), India (X tons), Thailand (X tons), Cambodia (X tons), Turkey (X tons) and the United Arab Emirates (X tons) - together made up 25% of total imports.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +13.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal filing cabinet importing markets in Asia were Japan ($X), Indonesia ($X) and Singapore ($X), with a combined 49% share of total imports. These countries were followed by Hong Kong SAR, South Korea, the United Arab Emirates, Thailand, India, Qatar, Malaysia, Oman, Turkey and Cambodia, which together accounted for a further 32%.

Cambodia, with a CAGR of +16.5%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price recorded a slight downturn. The most prominent rate of growth was recorded in 2018 an increase of 39%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Qatar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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