Report Philippines - Base Metal Hooks, Eyes and Eyelets - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 24, 2023

Philippines - Base Metal Hooks, Eyes and Eyelets - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Base Metal Hook Market 2023

Base Metal Hook Market Size in the Philippines

After three years of decline, the Philippine base metal hook market increased by 49% to $X in 2021. Overall, consumption recorded a buoyant expansion. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Base Metal Hook Exports

Exports from the Philippines

In 2021, shipments abroad of base metal hooks, eyes and eyelets decreased by -67% to X tons, falling for the second consecutive year after three years of growth. In general, exports faced a abrupt curtailment. The pace of growth was the most pronounced in 2019 with an increase of 78%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, base metal hook exports declined notably to $X in 2021. Over the period under review, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2019 when exports increased by 112% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for base metal hook exports from the Philippines, accounting for a 63% share of total exports. Moreover, base metal hook exports to Japan exceeded the volume sent to the second major destination, Vietnam (X kg), fivefold. The third position in this ranking was held by Sri Lanka (X kg), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan stood at +26.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-0.7% per year) and Sri Lanka (-16.2% per year).

In value terms, Japan ($X) emerged as the key foreign market for base metal hook exports from the Philippines, comprising 59% of total exports. The second position in the ranking was held by Vietnam ($X), with an 18% share of total exports. It was followed by Sri Lanka, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan stood at +37.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+8.8% per year) and Sri Lanka (-9.8% per year).

Export Prices by Country

The average base metal hook export price stood at $X per ton in 2021, falling by -20.7% against the previous year. In general, the export price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 52% against the previous year. The export price peaked at $X per ton in 2020, and then declined remarkably in the following year.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+31.2%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Hook Imports

Imports into the Philippines

In 2021, supplies from abroad of base metal hooks, eyes and eyelets increased by 32% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2016 with an increase of 58%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, base metal hook imports soared to $X in 2021. Over the period under review, imports posted a buoyant increase. The pace of growth was the most pronounced in 2017 when imports increased by 146%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of base metal hook to the Philippines, accounting for a 81% share of total imports. Moreover, base metal hook imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. Hong Kong SAR (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+0.6% per year) and Hong Kong SAR (-2.8% per year).

In value terms, the largest base metal hook suppliers to the Philippines were China ($X), Hong Kong SAR ($X) and Taiwan (Chinese) ($X), with a combined 83% share of total imports. These countries were followed by Vietnam, Japan and South Korea, which together accounted for a further 15%.

Among the main suppliers, Vietnam, with a CAGR of +90.4%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average base metal hook import price amounted to $X per ton, growing by 17% against the previous year. Over the period under review, the import price enjoyed buoyant growth. The pace of growth appeared the most rapid in 2014 when the average import price increased by 63%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for base metal hooks, eyes and eyelets in the world?
+
China remains the largest base metal hook consuming country worldwide, comprising approx. 25% of total volume. Moreover, base metal hook consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was held by the United States, with a 7.9% share.
What are the largest producers of base metal hooks, eyes and eyelets in the world?
+
China constituted the country with the largest volume of base metal hook production, comprising approx. 55% of total volume. Moreover, base metal hook production in China exceeded the figures recorded by the second-largest producer, India, sixfold. The United States ranked third in terms of total production with a 7.1% share.
What are the leading suppliers of base metal hooks, eyes and eyelets to the Philippines?
+
In value terms, China, Hong Kong SAR and Taiwan Chinese) appeared to be the largest base metal hook suppliers to the Philippines, with a combined 83% share of total imports. Vietnam, Japan and South Korea lagged somewhat behind, together comprising a further 15%.
What are the leading importers of base metal hooks, eyes and eyelets from the Philippines?
+
In value terms, Japan emerged as the key foreign market for base metal hook exports from the Philippines, comprising 59% of total exports. The second position in the ranking was taken by Vietnam, with an 18% share of total exports. It was followed by Sri Lanka, with a 13% share.
What is the average export price for base metal hooks, eyes and eyelets in the Philippines?
+
The average base metal hook export price stood at $20,551 per ton in 2021, reducing by -20.7% against the previous year.
What is the average import price for base metal hooks, eyes and eyelets in the Philippines?
+
In 2021, the average base metal hook import price amounted to $7,794 per ton, surging by 17% against the previous year.

This report provides an in-depth analysis of the base metal hook market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 25992530 - Base metal hooks, eyes, eyelets and the like, used for clothing, footwear, awnings, handbags, travel goods or other made-up articles excluding snap hooks, rivets, press studs and push buttons
Country coverage:
• Philippines

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Philippines
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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