Global Metal Screw Hook Market 2024

Metal Screw Hook Market Size

For the third consecutive year, the global metal screw hook market recorded growth in sales value, which increased by 1% to $X in 2022. The market value increased at an average annual rate of +5.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market hit record highs in 2022 and is likely to continue growth in the immediate term.

Metal Screw Hook Production

In value terms, metal screw hook production totaled $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 9.2% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

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Metal Screw Hook Exports

Exports

In 2022, global exports of iron or steel screw hooks and screw rings shrank remarkably to X tons, waning by -19.2% on the previous year's figure. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 11%. The global exports peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, metal screw hook exports dropped notably to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 23%. As a result, the exports reached the peak of $X, and then dropped markedly in the following year.

Exports by Country

China represented the major exporting country with an export of about X tons, which recorded 44% of total exports. Germany (X tons) held a 16% share (based on physical terms) of total exports, which put it in second place, followed by Italy (7.4%). The Netherlands (X tons), Taiwan (Chinese) (X tons), the United States (X tons), Slovakia (X tons), Spain (X tons), Singapore (X tons) and Poland (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to metal screw hook exports from China stood at +1.3%. At the same time, Slovakia (+56.7%), Spain (+16.6%), Germany (+7.5%) and the Netherlands (+3.7%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in the world, with a CAGR of +56.7% from 2012-2022. Taiwan (Chinese) and Poland experienced a relatively flat trend pattern. By contrast, Italy (-5.7%), the United States (-6.8%) and Singapore (-8.2%) illustrated a downward trend over the same period. While the share of Germany (+8.5 p.p.), China (+5.1 p.p.), Slovakia (+2.8 p.p.) and Spain (+1.9 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Singapore (-2.3 p.p.), the United States (-3.2 p.p.) and Italy (-6.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal screw hook supplying countries worldwide were Germany ($X), China ($X) and Italy ($X), with a combined 58% share of global exports. The United States, the Netherlands, Taiwan (Chinese), Slovakia, Poland, Spain and Singapore lagged somewhat behind, together comprising a further 21%.

Slovakia, with a CAGR of +48.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average metal screw hook export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 11% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.1%), while the other global leaders experienced more modest paces of growth.

Metal Screw Hook Imports

Imports

Global metal screw hook imports fell to X tons in 2022, with a decrease of -5.5% against the previous year's figure. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, metal screw hook imports declined modestly to $X in 2022. The total import value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, Germany (X tons), distantly followed by the United States (X tons), Italy (X tons) and Poland (X tons) represented the largest importers of iron or steel screw hooks and screw rings, together constituting 39% of total imports. Mexico (X tons), France (X tons), the UK (X tons), Russia (X tons), Thailand (X tons), Singapore (X tons), Canada (X tons), the Netherlands (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand (with a CAGR of +22.8%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported iron or steel screw hooks and screw rings worldwide, comprising 17% of global imports. The second position in the ranking was held by the United States ($X), with an 8.4% share of global imports. It was followed by Italy, with a 6% share.

In Germany, metal screw hook imports increased at an average annual rate of +9.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+2.4% per year) and Italy (+9.9% per year).

Import Prices by Country

The average metal screw hook import price stood at $X per ton in 2022, with an increase of 4.9% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Singapore ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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