Southern Asia: Office Metal Staple Market 2024

Office Metal Staple Market Size in Southern Asia

The South Asian office metal staple market reduced to $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Office Metal Staple Production in Southern Asia

In value terms, office metal staple production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Office Metal Staple Exports

Exports in Southern Asia

In 2022, exports of base metal staples in strips for use in offices in Southern Asia declined to X tons, which is down by X% against the previous year's figure. Total exports indicated moderate growth from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, office metal staple exports rose significantly to $X in 2022. Total exports indicated prominent 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

The shipments of the one major exporters of base metal staples in strips for use in offices, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the base metal staples in strips for use in offices exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest office metal staple supplier in Southern Asia.

In India, office metal staple exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Office Metal Staple Imports

Imports in Southern Asia

In 2022, imports of base metal staples in strips for use in offices in Southern Asia reduced to X tons, waning by X% against 2021 figures. In general, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, office metal staple imports amounted to $X in 2022. Overall, imports, however, showed a prominent increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

India was the key importer of base metal staples in strips for use in offices in Southern Asia, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Pakistan (X tons) ranks second in terms of the total imports with a X% share, followed by Bangladesh (X%) and Sri Lanka (X%). Nepal (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to office metal staple imports into India stood at X%. At the same time, Nepal (X%), Pakistan (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. Bangladesh experienced a relatively flat trend pattern. While the share of India (X p.p.), Nepal (X p.p.) and Pakistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sri Lanka (X p.p.) and Bangladesh (X p.p.) displayed negative dynamics.

In value terms, Pakistan ($X), India ($X) and Bangladesh ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Sri Lanka and Nepal lagged somewhat behind, together accounting for a further X%.

Nepal, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 Southern Asia stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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