Eastern Europe: Base Metal Clasp Market 2024

Base Metal Clasp Market Size in Eastern Europe

In 2023, the East European base metal clasp market increased by X% to $X, rising for the third consecutive year after two years of decline. 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 increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market failed to regain momentum.

Base Metal Clasp Production in Eastern Europe

In value terms, base metal clasp production expanded remarkably to $X in 2023 estimated in export price. The total production indicated a buoyant increase 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 pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Base Metal Clasp Exports

Exports in Eastern Europe

In 2023, approx. X tons of articles such as clasps, frames with clasps, parts of base metal were exported in Eastern Europe; growing by X% against the previous year. Over the period under review, exports posted prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, base metal clasp exports surged to $X in 2023. In general, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

Exports by Country

Romania was the main exporting country with an export of around X tons, which recorded X% of total exports. Poland (X tons) took the second position in the ranking, followed by Estonia (X tons) and the Czech Republic (X tons). All these countries together held approx. X% share of total exports. The following exporters - Hungary (X tons) and Russia (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to base metal clasp exports from Romania stood at X%. At the same time, Estonia (X%), Poland (X%), Russia (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Hungary (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.), Estonia (X p.p.), Romania (X p.p.), Russia (X p.p.) and the Czech Republic (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Hungary (X p.p.) displayed negative dynamics.

In value terms, Romania ($X) remains the largest base metal clasp supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by Estonia, with a X% share.

In Romania, base metal clasp exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Poland (X% per year) and Estonia (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, increasing 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 was the most pronounced in 2022 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2023 and is likely to see steady growth in the near future.

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

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

Base Metal Clasp Imports

Imports in Eastern Europe

In 2023, supplies from abroad of articles such as clasps, frames with clasps, parts of base metal increased by X% to X tons, rising for the third year in a row after two years of decline. Total imports indicated a buoyant 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 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, base metal clasp imports surged to $X in 2023. Total imports indicated strong growth 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by X%. The level of import peaked in 2023 and is likely to see steady growth in the near future.

Imports by Country

In 2023, Romania (X tons) was the major importer of articles such as clasps, frames with clasps, parts of base metal, mixing up X% of total imports. Poland (X tons) ranks second in terms of the total imports with an X% share, followed by Hungary (X%), the Czech Republic (X%) and Russia (X%). Slovakia (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

Imports into Romania increased at an average annual rate of X% from 2012 to 2023. At the same time, Hungary (X%), Poland (X%), the Czech Republic (X%), Slovakia (X%), Russia (X%) and Bulgaria (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. While the share of Hungary (X p.p.), Poland (X p.p.) and Romania (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Bulgaria (X p.p.) and Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Romania ($X) constitutes the largest market for imported articles such as clasps, frames with clasps, parts of base metal in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Hungary ($X), with a X% share of total imports. It was followed by Poland, with an X% share.

In Romania, base metal clasp imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Hungary (X% per year) and Poland (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, continues to indicate a slight decrease. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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 Hungary ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform