South-Eastern Asia: Office Metal Staple Market 2024

Office Metal Staple Market Size in South-Eastern Asia

The Southeast Asian office metal staple market fell to $X in 2022, waning by X% against the previous year. The total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Office Metal Staple Production in South-Eastern Asia

In value terms, office metal staple production reduced modestly to $X in 2022 estimated in export price. The total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Office Metal Staple Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of base metal staples in strips for use in offices decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced dramatically in the following year.

In value terms, office metal staple exports fell to $X in 2022. In general, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

Thailand was the key exporter of base metal staples in strips for use in offices in South-Eastern Asia, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Malaysia (X tons), Vietnam (X tons) and Cambodia (X tons), together comprising a X% share of total exports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to office metal staple exports from Thailand stood at X%. At the same time, Cambodia (X%), Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) illustrated a downward trend over the same period. Thailand (X p.p.) and Cambodia (X p.p.) significantly strengthened its position in terms of the total exports, while Vietnam, Malaysia and Singapore saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, the largest office metal staple supplying countries in South-Eastern Asia were Thailand ($X), Malaysia ($X) and Vietnam ($X), together comprising X% of total exports. Singapore and Cambodia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Cambodia, with a CAGR of X%, saw the highest rates of growth with regard to 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 export price in South-Eastern Asia stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, showed a perceptible slump. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other leaders experienced a decline in the export price figures.

Office Metal Staple Imports

Imports in South-Eastern Asia

Office metal staple imports rose remarkably to X tons in 2022, picking up by X% against the year before. Over the period under review, imports saw a strong increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, office metal staple imports stood at $X in 2022. In general, imports saw a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

Indonesia represented the main importer of base metal staples in strips for use in offices in South-Eastern Asia, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Thailand (X tons) took the second position in the ranking, distantly followed by Malaysia (X tons), the Philippines (X tons) and Vietnam (X tons). All these countries together took near X% share of total imports. The following importers - Singapore (X tons) and Myanmar (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to office metal staple imports into Indonesia stood at X%. At the same time, Myanmar (X%), Vietnam (X%), the Philippines (X%), Malaysia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) illustrated a downward trend over the same period. Indonesia (X p.p.), Vietnam (X p.p.) and Myanmar (X p.p.) significantly strengthened its position in terms of the total imports, while Malaysia, Singapore and Thailand saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported base metal staples in strips for use in offices in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the import prices remained at a lower figure.

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 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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