India: Base Metal Keys Market 2024

Base Metal Keys Market Size in India

In 2022, the Indian base metal keys market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption showed a buoyant increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Base Metal Keys Production in India

In value terms, base metal keys production dropped to $X in 2022 estimated in export price. Overall, production, however, posted a strong increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Base Metal Keys Exports

Exports from India

In 2022, overseas shipments of base metal keys increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, base metal keys exports soared to $X in 2022. In general, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X tons), Germany (X tons) and the United States (X tons) were the main destinations of base metal keys exports from India, with a combined X% share of total exports. Hong Kong SAR, Malaysia, Nepal, Mexico, Belgium, the UK, Bangladesh, South Africa and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

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

In value terms, Italy ($X), Germany ($X) and Hong Kong SAR ($X) appeared to be the largest markets for base metal keys exported from India worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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 keys export price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

Base Metal Keys Imports

Imports into India

In 2022, supplies from abroad of base metal keys increased by X% to X tons, rising for the second year in a row after five years of decline. In general, imports continue to indicate notable growth. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, base metal keys imports skyrocketed to $X in 2022. Overall, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2015 when imports increased by X%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest supplier of base metal keys to India, accounting for a X% share of total imports. Moreover, base metal keys imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Japan (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

In value terms, South Korea ($X) constituted the largest supplier of base metal keys to India, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual growth rate of value from South Korea amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and China (X% per year).

Import Prices by Country

The average base metal keys import price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price, however, posted a slight increase. The growth pace was the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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