China: Base Metal Hook Market 2024

Base Metal Hook Market Size in China

The Chinese base metal hook market dropped significantly to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption saw a abrupt contraction. Base metal hook consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Base Metal Hook Production in China

In value terms, base metal hook production declined modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible contraction. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Base Metal Hook Exports

Exports from China

In 2022, exports of base metal hooks, eyes and eyelets from China skyrocketed to X tons, growing by X% on 2021 figures. Over the period under review, exports, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, base metal hook exports surged to $X in 2022. In general, exports showed buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

India (X tons), Indonesia (X tons) and Vietnam (X tons) were the main destinations of base metal hook exports from China, with a combined X% share of total exports. Cambodia, the United States, Turkey, Bangladesh, Malaysia, Pakistan, Egypt, Thailand, Hong Kong SAR and Myanmar lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for base metal hook exported from China were Vietnam ($X), India ($X) and Cambodia ($X), with a combined X% share of total exports.

Cambodia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average base metal hook export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price saw a resilient increase. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Hook Imports

Imports into China

In 2022, the amount of base metal hooks, eyes and eyelets imported into China reduced to X tons, declining by X% on 2021. In general, imports showed a deep setback. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, base metal hook imports contracted modestly to $X in 2022. Overall, imports recorded a noticeable decline. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X tons), South Korea (X tons) and Japan (X tons) were the main suppliers of base metal hook imports to China, together comprising X% of total imports. Germany, the United States, Italy, Spain and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

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

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and Japan ($X) appeared to be the largest base metal hook suppliers to China, with a combined X% share of total imports. Italy, the United States, Spain, Germany and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average base metal hook import price amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform