Asia-Pacific: Market for Iron Or Steel Anchors, Grapnels 2024

Market Size for Iron Or Steel Anchors, Grapnels in Asia-Pacific

The Asia-Pacific metal anchors and grapnels market contracted to $X in 2023, with a decrease of X% against the previous year. Over the period under review, consumption, however, continues to indicate a temperate increase. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Iron Or Steel Anchors, Grapnels in Asia-Pacific

In value terms, metal anchors and grapnels production reduced to $X in 2023 estimated in export price. In general, production, however, posted pronounced growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2023, production growth remained at a lower figure.

Exports of Iron Or Steel Anchors, Grapnels

Exports in Asia-Pacific

In 2023, metal anchors and grapnels exports in Asia-Pacific totaled X units, growing by X% compared with 2022. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2022 with an increase of X%. The volume of export peaked in 2023 and is likely to see gradual growth in the immediate term.

In value terms, metal anchors and grapnels exports fell 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 throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then dropped in the following year.

Exports by Country

In 2023, China (X units) was the major exporter of iron or steel anchors, grapnels, mixing up X% of total exports. It was distantly followed by India (X units) and Singapore (X units), together comprising a X% share of total exports. The following exporters - Taiwan (Chinese) (X units) and Australia (X units) - each reached a X% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of iron or steel anchors, grapnels. At the same time, India (X%) and Australia (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%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of India increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal anchors and grapnels supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

In China, metal anchors and grapnels exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: India (X% per year) and Singapore (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2023, reducing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

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 Taiwan (Chinese) ($X per unit), while Singapore ($X per unit) 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.

Imports of Iron Or Steel Anchors, Grapnels

Imports in Asia-Pacific

In 2023, metal anchors and grapnels imports in Asia-Pacific dropped to X units, declining by X% on the previous year. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports attained the peak of X units. From 2016 to 2023, the growth of imports remained at a lower figure.

In value terms, metal anchors and grapnels imports dropped to $X in 2023. Over the period under review, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan (X units), Indonesia (X units), Singapore (X units), South Korea (X units), Australia (X units), Malaysia (X units), the Philippines (X units), Bangladesh (X units), Taiwan (Chinese) (X units), India (X units), Myanmar (X units) and Thailand (X units) represented roughly X% of total imports in 2023.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Japan ($X) and Singapore ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Indonesia, South Korea, Malaysia, India, the Philippines, Taiwan (Chinese), Bangladesh, Thailand and Myanmar lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 unit in 2023, growing by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 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 Myanmar ($X per unit), while Singapore ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform