China: Metal Self-Tapping Screw Market 2024

Metal Self-Tapping Screw Market Size in China

In 2022, the Chinese metal self-tapping screw market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, saw a mild decline. Metal self-tapping screw consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Metal Self-Tapping Screw Production in China

In value terms, metal self-tapping screw production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

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Metal Self-Tapping Screw Exports

Exports from China

In 2022, after five years of growth, there was significant decline in shipments abroad of iron or steel self-tapping screws, when their volume decreased by X% to X tons. Over the period under review, exports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, metal self-tapping screw exports rose rapidly to $X in 2022. Overall, exports, however, showed a strong expansion. 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 immediate term.

Exports by Country

Russia (X tons), India (X tons) and the United States (X tons) were the main destinations of metal self-tapping screw exports from China, together accounting for X% of total exports. Mexico, Brazil, South Korea, the UK, Indonesia, Australia, Germany, Chile, Vietnam and Kazakhstan lagged somewhat behind, together accounting for a further X%.

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

In value terms, India ($X), South Korea ($X) and Russia ($X) constituted the largest markets for metal self-tapping screw exported from China worldwide, with a combined X% share of total exports. The United States, Brazil, Vietnam, the UK, Mexico, Indonesia, Australia, Germany, Chile and Kazakhstan lagged somewhat behind, together accounting for a further X%.

Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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 metal self-tapping screw export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Kazakhstan ($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 South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Self-Tapping Screw Imports

Imports into China

In 2022, purchases abroad of iron or steel self-tapping screws decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then declined in the following year.

In value terms, metal self-tapping screw imports contracted to $X in 2022. Overall, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) constituted the largest metal self-tapping screw supplier to China, accounting for a X% share of total imports. Moreover, metal self-tapping screw imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Taiwan (Chinese) totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Germany (X% per year).

In value terms, the largest metal self-tapping screw suppliers to China were Taiwan (Chinese) ($X), Germany ($X) and Japan ($X), together accounting for X% of total imports. The United States, Indonesia, Spain and South Korea lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Indonesia, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average metal self-tapping screw import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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