South-Eastern Asia: Market for Base Metal Automatic Door Closers 2024

Market Size for Base Metal Automatic Door Closers in South-Eastern Asia

In 2023, the Southeast Asian metal automatic door closer market increased by X% to $X, rising for the third year in a row after three years of decline. The total consumption indicated temperate 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, consumption increased by X% against 2020 indices. The level of consumption peaked in 2023 and is expected to retain growth in the near future.

Production of Base Metal Automatic Door Closers in South-Eastern Asia

In value terms, metal automatic door closer production rose to $X in 2023 estimated in export price. The total production indicated measured 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Base Metal Automatic Door Closers

Exports in South-Eastern Asia

In 2023, approx. X tons of base metal automatic door closers were exported in South-Eastern Asia; with a decrease of X% compared with 2022. Total exports indicated a measured increase from 2012 to 2023: its volume 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, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, metal automatic door closer exports dropped rapidly to $X in 2023. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Singapore represented the major exporter of base metal automatic door closers in South-Eastern Asia, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by Malaysia (X tons), committing a X% share of total exports. Indonesia (X tons) held a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to metal automatic door closer exports from Singapore stood at X%. At the same time, Malaysia (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Malaysia increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest metal automatic door closer supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports.

In Singapore, metal automatic door closer exports plunged by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, shrinking by X% against the previous year. In general, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Imports of Base Metal Automatic Door Closers

Imports in South-Eastern Asia

In 2023, purchases abroad of base metal automatic door closers increased by X% to X tons, rising for the third consecutive year after three years of decline. Total imports indicated a strong increase 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 2014 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, metal automatic door closer imports contracted to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The level of import peaked at $X in 2017; however, from 2018 to 2023, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of metal automatic door closer imports in 2023 were Thailand (X tons), Indonesia (X tons), the Philippines (X tons) and Singapore (X tons), together resulting at X% of total import. It was distantly followed by Malaysia (X tons), constituting a X% share of total imports. Vietnam (X tons) held a relatively small share of total imports.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal automatic door closer importing markets in South-Eastern Asia were Singapore ($X), Indonesia ($X) and Thailand ($X), together accounting for X% of total imports.

Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the import price continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform