EU: Metal Screw Hook Market 2024

Metal Screw Hook Market Size in the EU

The EU metal screw hook market rose modestly to $X in 2022, increasing by 3.2% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +15.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +303.2% against 2012 indices. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Metal Screw Hook Production in the EU

In value terms, metal screw hook production stood at $X in 2022 estimated in export price. In general, production, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2015 when the production volume increased by 13% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Metal Screw Hook Exports

Exports in the EU

In 2022, approx. X tons of iron or steel screw hooks and screw rings were exported in the European Union; which is down by -29.1% on the year before. Total exports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by 26% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then fell rapidly in the following year.

In value terms, metal screw hook exports declined dramatically to $X in 2022. Total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by 22% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

Germany represented the largest exporting country with an export of about X tons, which accounted for 41% of total exports. It was distantly followed by Italy (X tons), the Netherlands (X tons), Slovakia (X tons) and Spain (X tons), together committing a 40% share of total exports. Poland (X tons) and France (X tons) followed a long way behind the leaders.

Exports from Germany increased at an average annual rate of +7.5% from 2012 to 2022. At the same time, Slovakia (+56.7%), Spain (+16.6%), France (+6.3%) and the Netherlands (+3.7%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +56.7% from 2012-2022. Poland experienced a relatively flat trend pattern. By contrast, Italy (-5.7%) illustrated a downward trend over the same period. While the share of Germany (+19 p.p.), Slovakia (+6.9 p.p.), Spain (+4.6 p.p.) and the Netherlands (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Italy (-18.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest metal screw hook supplier in the European Union, comprising 50% of total exports. The second position in the ranking was taken by Italy ($X), with a 13% share of total exports. It was followed by the Netherlands, with a 7.2% share.

In Germany, metal screw hook exports increased at an average annual rate of +6.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (-3.7% per year) and the Netherlands (+2.1% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, surging by 3.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2021 an increase of 12%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.1%), while the other leaders experienced mixed trends in the export price figures.

Metal Screw Hook Imports

Imports in the EU

In 2022, overseas purchases of iron or steel screw hooks and screw rings increased by 6.9% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.2% against 2020 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 29%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, metal screw hook imports reached $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.8% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by 26%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany represented the main importing country with an import of about X tons, which accounted for 33% of total imports. Italy (X tons) ranks second in terms of the total imports with a 14% share, followed by Poland (9.9%) and France (7.4%). The following importers - the Netherlands (X tons), the Czech Republic (X tons), Spain (X tons), Austria (X tons), Belgium (X tons), Romania (X tons), Sweden (X tons), Finland (X tons) and Portugal (X tons) - together made up 27% of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal screw hook imports into Germany stood at +7.2%. At the same time, Portugal (+9.3%), the Czech Republic (+8.5%), Italy (+7.8%), Spain (+7.4%), Austria (+7.3%), Poland (+6.9%), Romania (+6.4%), Belgium (+3.9%), Finland (+3.0%), the Netherlands (+1.8%), France (+1.2%) and Sweden (+1.1%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing importer imported in the European Union, with a CAGR of +9.3% from 2012-2022. While the share of Germany (+3.2 p.p.) and Italy (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Netherlands (-2.1 p.p.) and France (-4.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported iron or steel screw hooks and screw rings in the European Union, comprising 32% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by France, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value in Germany totaled +9.0%. The remaining importing countries recorded the following average annual rates of imports growth: Italy (+9.9% per year) and France (+3.2% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, picking up by 4.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 10% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

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 Romania ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :