Southern Asia: Metal Screw Hook Market 2024

Metal Screw Hook Market Size in Southern Asia

The South Asian metal screw hook market rose modestly to $X in 2022, with an increase of 4.4% against the previous year. The market value increased at an average annual rate of +3.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Metal Screw Hook Production in Southern Asia

In value terms, metal screw hook production rose significantly to $X in 2022 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 31% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Metal Screw Hook Exports

Exports in Southern Asia

In 2022, the amount of iron or steel screw hooks and screw rings exported in Southern Asia surged to X tons, with an increase of 53% compared with the previous year. In general, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 146% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, metal screw hook exports surged to $X in 2022. Over the period under review, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 108% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

India dominates exports structure, reaching X tons, which was approx. 94% of total exports in 2022. The following exporters - Pakistan (X tons) and Bangladesh (X tons) - each recorded a 5.5% share of total exports.

Exports from India increased at an average annual rate of +7.5% from 2012 to 2022. At the same time, Pakistan (+9.9%) and Bangladesh (+1.8%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +9.9% from 2012-2022. Bangladesh (-1.8 p.p.) significantly weakened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest metal screw hook supplier in Southern Asia, comprising 97% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 1.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at +20.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Bangladesh (+1.8% per year) and Pakistan (-0.9% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, which is down by -14.5% against the previous year. In general, the export price, however, saw a prominent increase. The growth pace was the most rapid in 2020 an increase of 189%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.0%), while the other leaders experienced mixed trends in the export price figures.

Metal Screw Hook Imports

Imports in Southern Asia

In 2022, after two years of growth, there was significant decline in purchases abroad of iron or steel screw hooks and screw rings, when their volume decreased by -18.4% to X tons. Overall, imports, however, saw notable growth. The pace of growth appeared the most rapid in 2015 with an increase of 104%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal screw hook imports soared to $X in 2022. Over the period under review, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2015 with an increase of 94%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

India was the major importing country with an import of about X tons, which reached 63% of total imports. Bangladesh (X tons) took the second position in the ranking, followed by Pakistan (X tons). All these countries together took near 33% share of total imports. Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to metal screw hook imports into India stood at +8.2%. At the same time, Pakistan (+17.6%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +17.6% from 2012-2022. By contrast, Sri Lanka (-3.4%) and Bangladesh (-7.7%) illustrated a downward trend over the same period. While the share of India (+27 p.p.) and Pakistan (+11 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sri Lanka (-2 p.p.) and Bangladesh (-32.5 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported iron or steel screw hooks and screw rings in Southern Asia, comprising 80% of total imports. The second position in the ranking was held by Pakistan ($X), with an 8.9% share of total imports. It was followed by Bangladesh, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value in India stood at +10.0%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+18.7% per year) and Bangladesh (-7.3% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, increasing by 88% against the previous year. Overall, the import price recorded a notable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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