Asia-Pacific: Base Metal Keys Market 2024

Base Metal Keys Market Size in Asia-Pacific

The Asia-Pacific base metal keys market fell to $X in 2023, dropping by X% against the previous year. Overall, consumption, however, showed slight growth. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a lower figure.

Base Metal Keys Production in Asia-Pacific

In value terms, base metal keys production dropped to $X in 2023 estimated in export price. The total production indicated a modest expansion from 2012 to 2023: its value 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, production increased by X% against 2021 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Base Metal Keys Exports

Exports in Asia-Pacific

For the third consecutive year, Asia-Pacific recorded growth in shipments abroad of base metal keys, which increased by X% to X tons in 2023. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked in 2023 and is likely to continue growth in the immediate term.

In value terms, base metal keys exports reduced modestly to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then shrank slightly in the following year.

Exports by Country

China prevails in exports structure, finishing at X tons, which was near X% of total exports in 2023. It was distantly followed by Taiwan (Chinese) (X tons) and India (X tons), together committing a X% share of total exports. The following exporters - Japan (X tons) and Hong Kong SAR (X tons) - each recorded a X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, India (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Taiwan (Chinese) (X%), Japan (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China and India increased by X and X percentage points, respectively.

In value terms, China ($X) remains the largest base metal keys supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with an X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

In China, base metal keys exports expanded at 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: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, dropping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then fell modestly in the following year.

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 Japan ($X per ton), while India ($X per ton) was amongst the lowest.

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

Base Metal Keys Imports

Imports in Asia-Pacific

In 2023, supplies from abroad of base metal keys decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, base metal keys imports dropped modestly to $X in 2023. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, India (X tons) represented the major importer of base metal keys, achieving X% of total imports. Malaysia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (X%), Australia (X%), Thailand (X%), Bangladesh (X%) and China (X%). Vietnam (X tons), South Korea (X tons), Hong Kong SAR (X tons), Japan (X tons), Taiwan (Chinese) (X tons) and New Zealand (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to base metal keys imports into India stood at X%. At the same time, Bangladesh (X%), Malaysia (X%), Indonesia (X%), New Zealand (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Taiwan (Chinese) (X%), Japan (X%), Hong Kong SAR (X%), China (X%), South Korea (X%), Vietnam (X%) and Australia (X%) illustrated a downward trend over the same period. Malaysia (X p.p.), India (X p.p.), Bangladesh (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total imports, while Japan, Hong Kong SAR, South Korea, Vietnam, China and Australia saw its share reduced by X%, X%, X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), China ($X) and Australia ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Japan, Thailand, Malaysia, South Korea, Indonesia, New Zealand, Vietnam, Hong Kong SAR, Taiwan (Chinese) and Bangladesh lagged somewhat behind, together accounting for a further X%.

Bangladesh, with a CAGR of X%, recorded the highest rates of growth with regard to 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 Asia-Pacific stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight slump. The pace of growth appeared the most rapid in 2019 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform