Metal Automatic Door Closer Market

The article discusses the growing demand for base metal automatic door closers worldwide, with the market expected to see an upward consumption trend over the next eight years. Market performance is forecast to increase, with an anticipated CAGR of +2.0% in volume and +3.7% in value terms from 2022 to 2030. Global consumption, production, imports, and exports of metal automatic door closers are analyzed over the period from 2012 to 2022. China emerges as the largest consumer and producer of base metal automatic door closers, while the United States, Germany, and India also play significant roles in the market. Trends in per capita consumption, import and export prices, and growth rates are also discussed.

Market Forecast

Driven by increasing demand for base metal automatic door closers worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.0% for the period from 2022 to 2030, which is projected to bring the market volume to 389K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.7% for the period from 2022 to 2030, which is projected to bring the market value to $5.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Base Metal Automatic Door Closers

Global metal automatic door closer consumption dropped to 333K tons in 2022, shrinking by -3.9% compared with the previous year's figure. The total consumption volume increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at 360K tons in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

The global metal automatic door closer market size amounted to $4.1B in 2022, stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $4.4B. From 2019 to 2022, the growth of the global market remained at a somewhat lower figure.

Consumption By Country

The country with the largest volume of metal automatic door closer consumption was China (77K tons), comprising approx. 23% of total volume. Moreover, metal automatic door closer consumption in China exceeded the figures recorded by the second-largest consumer, India (35K tons), twofold. The United States (34K tons) ranked third in terms of total consumption with a 10% share.

In China, metal automatic door closer consumption increased at an average annual rate of +2.7% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+5.0% per year) and the United States (-0.0% per year).

In value terms, the largest metal automatic door closer markets worldwide were Germany ($689M), the United States ($488M) and China ($482M), with a combined 41% share of the global market. India, Brazil, Canada, Japan, Mexico, Russia, the UK, Egypt, South Korea and the Philippines lagged somewhat behind, together comprising a further 38%.

In terms of the main consuming countries, Egypt, with a CAGR of +8.4%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of metal automatic door closer per capita consumption was registered in Germany (383 kg per 1000 persons), followed by Canada (147 kg per 1000 persons), Japan (141 kg per 1000 persons) and South Korea (119 kg per 1000 persons), while the world average per capita consumption of metal automatic door closer was estimated at 42 kg per 1000 persons.

From 2012 to 2022, the average annual growth rate of the metal automatic door closer per capita consumption in Germany stood at +4.9%. In the other countries, the average annual rates were as follows: Canada (-0.7% per year) and Japan (+0.7% per year).

Production

World Production of Base Metal Automatic Door Closers

In 2022, global production of base metal automatic door closers fell to 345K tons, waning by -4.3% compared with the previous year. The total output volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 16% against the previous year. Over the period under review, global production attained the maximum volume at 367K tons in 2018; however, from 2019 to 2022, production remained at a lower figure.

In value terms, metal automatic door closer production amounted to $4B in 2022 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period 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 2018 with an increase of 12% against the previous year. Over the period under review, global production hit record highs at $4.2B in 2019; however, from 2020 to 2022, production remained at a lower figure.

Production By Country

China (138K tons) remains the largest metal automatic door closer producing country worldwide, comprising approx. 40% of total volume. Moreover, metal automatic door closer production in China exceeded the figures recorded by the second-largest producer, Germany (33K tons), fourfold. The third position in this ranking was held by India (31K tons), with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume in China stood at +3.5%. The remaining producing countries recorded the following average annual rates of production growth: Germany (+3.5% per year) and India (+4.4% per year).

Imports

World Imports of Base Metal Automatic Door Closers

In 2022, purchases abroad of base metal automatic door closers increased by 0.5% to 108K tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. Over the period under review, global imports reached the peak figure at 116K tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, metal automatic door closer imports reduced slightly to $1.2B in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 14% against the previous year. Over the period under review, global imports reached the maximum at $1.3B in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports By Country

The countries with the highest levels of metal automatic door closer imports in 2022 were the United States (12K tons), Germany (8.8K tons), the UK (6.8K tons), Japan (5.8K tons), France (4.9K tons), Russia (4.6K tons), India (4.2K tons), the Netherlands (4.1K tons), Poland (3.2K tons), South Korea (2.8K tons), China (2.7K tons) and the United Arab Emirates (2.5K tons), together finishing at 58% of total import. Spain (2.5K tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +11.4%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest metal automatic door closer importing markets worldwide were the United States ($117M), Germany ($113M) and the UK ($87M), together comprising 26% of global imports. The Netherlands, France, Japan, Poland, Spain, Russia, India, China, the United Arab Emirates and South Korea lagged somewhat behind, together comprising a further 33%.

Among the main importing countries, India, with a CAGR of +10.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average metal automatic door closer import price stood at $11,223 per ton in 2022, waning by -2.7% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 2% against the previous year. Over the period under review, average import prices attained the maximum at $12,599 per ton in 2014; however, from 2015 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 the Netherlands ($18,631 per ton), while India ($6,091 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.3%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Base Metal Automatic Door Closers

In 2022, approx. 120K tons of base metal automatic door closers were exported worldwide; therefore, remained relatively stable against 2021. The total export volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 15%. The global exports peaked at 123K tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal automatic door closer exports reduced slightly to $1.2B in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 16% against the previous year. Over the period under review, the global exports hit record highs at $1.3B in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports By Country

China prevails in exports structure, recording 64K tons, which was approx. 53% of total exports in 2022. It was distantly followed by Germany (9.9K tons), Taiwan (Chinese) (9.5K tons), Italy (8K tons) and Singapore (6.8K tons), together constituting a 29% share of total exports. The following exporters - South Korea (3.6K tons) and the United States (3.5K tons) - each reached a 6% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal automatic door closer exports from China stood at +4.5%. At the same time, Singapore (+5.6%) and Taiwan (Chinese) (+1.3%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in the world, with a CAGR of +5.6% from 2012-2022. South Korea and Germany experienced a relatively flat trend pattern. By contrast, the United States (-3.2%) and Italy (-7.3%) illustrated a downward trend over the same period. China (+13 p.p.) and Singapore (+1.8 p.p.) significantly strengthened its position in terms of the global exports, while the United States, Germany and Italy saw its share reduced by -1.9%, -2% and -10.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($418M) remains the largest metal automatic door closer supplier worldwide, comprising 34% of global exports. The second position in the ranking was held by Germany ($192M), with a 16% share of global exports. It was followed by Italy, with an 11% share.

In China, metal automatic door closer exports increased at an average annual rate of +5.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (-1.5% per year) and Italy (-6.5% per year).

Export Prices By Country

The average metal automatic door closer export price stood at $10,362 per ton in 2022, approximately equating the previous year. In general, the export price, however, saw a slight slump. The pace of growth was the most pronounced in 2013 when the average export price increased by 3.4%. As a result, the export price reached the peak level of $11,804 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($19,441 per ton), while China ($6,581 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform