Asia: Metal Letter Clip Market 2024

Metal Letter Clip Market Size in Asia

In 2022, after six years of growth, there was significant decline in the Asian metal letter clip market, when its value decreased by X% to $X. Over the period under review, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the market value increased by X%. The level of consumption peaked at $X in 2021, and then contracted significantly in the following year.

Metal Letter Clip Production in Asia

In value terms, metal letter clip production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

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Metal Letter Clip Exports

Exports in Asia

In 2022, overseas shipments of letter clips, letter corners of base metal increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, saw a noticeable descent. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal letter clip exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Singapore (X tons), creating a X% share of total exports.

China was also the fastest-growing in terms of the letter clips, letter corners of base metal exports, with a CAGR of X% from 2012 to 2022. Singapore (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal letter clip supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, 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%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Singapore stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Metal Letter Clip Imports

Imports in Asia

In 2022, overseas purchases of letter clips, letter corners of base metal increased by X% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, metal letter clip imports rose remarkably to $X in 2022. Overall, imports, however, showed a perceptible decline. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Hong Kong SAR (X tons), Indonesia (X tons), India (X tons), Thailand (X tons), Singapore (X tons), Japan (X tons), South Korea (X tons) and Vietnam (X tons) represented the key importer of letter clips, letter corners of base metal in Asia, comprising X% of total import. Malaysia (X tons), the United Arab Emirates (X tons), the Philippines (X tons), Turkey (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

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

In value terms, Japan ($X), Indonesia ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Singapore, Thailand, South Korea, Vietnam, India, Malaysia, Taiwan (Chinese), the United Arab Emirates, Turkey and the Philippines lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Vietnam, 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 2022, which is down by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 Japan ($X per ton), while India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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