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World - Articles Such As Clasps, Frames With Clasps, Parts Of Base Metal - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBase Metal Clasp Market
The global market for articles such as clasps, frames with clasps, and parts of base metal is projected to continue growing over the next eight years, with an anticipated CAGR of +3.3% for consumption volume and +5.3% for market value. Consumption increased in 2022, with China, India, and the United States leading in consumption volume. Base metal clasp production and imports also saw growth, with notable trends in key countries such as China, Italy, and Greece. The average import and export prices showed fluctuations, with differences among major exporting countries. Overall, the market is expected to see steady growth in the coming years.
Market Forecast
Driven by increasing demand for articles such as clasps, frames with clasps, parts of base metal 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 +3.3% for the period from 2022 to 2030, which is projected to bring the market volume to 523K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.3% for the period from 2022 to 2030, which is projected to bring the market value to $8.2B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Articles Such As Clasps, Frames With Clasps, Parts Of Base Metal
In 2022, consumption of articles such as clasps, frames with clasps, parts of base metal increased by 2.7% to 403K tons, rising for the second year in a row after three years of decline. The total consumption volume increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global consumption attained the maximum volume at 472K tons in 2017; however, from 2018 to 2022, consumption remained at a lower figure.
The global base metal clasp market size amounted to $5.4B in 2022, therefore, remained relatively stable against 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). Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +13.1% against 2020 indices. Over the period under review, the global market attained the maximum level at $6.1B in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (86K tons), India (46K tons) and the United States (34K tons), with a combined 41% share of global consumption. Russia, Turkey, Pakistan, Japan, Indonesia, Myanmar, France, Italy, Cambodia and Saudi Arabia lagged somewhat behind, together comprising a further 32%.
From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +89.6%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest base metal clasp markets worldwide were Japan ($877M), China ($745M) and the United States ($553M), together accounting for 40% of the global market. Russia, India, Italy, Turkey, Indonesia, France, Pakistan, Cambodia, Saudi Arabia and Myanmar lagged somewhat behind, together accounting for a further 26%.
In terms of the main consuming countries, Myanmar, with a CAGR of +36.8%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of base metal clasp per capita consumption in 2022 were Cambodia (384 kg per 1000 persons), Turkey (245 kg per 1000 persons) and Myanmar (187 kg per 1000 persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Myanmar (with a CAGR of +88.2%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Articles Such As Clasps, Frames With Clasps, Parts Of Base Metal
Global base metal clasp production declined to 328K tons in 2022, falling by -4.2% on 2021 figures. The total output volume increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by 15%. Global production peaked at 423K tons in 2017; however, from 2018 to 2022, production failed to regain momentum.
In value terms, base metal clasp production reduced to $5.3B in 2022 estimated in export price. The total output value increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 24%. Global production peaked at $6B in 2016; however, from 2017 to 2022, production remained at a lower figure.
Production By Country
China (106K tons) remains the largest base metal clasp producing country worldwide, comprising approx. 32% of total volume. Moreover, base metal clasp production in China exceeded the figures recorded by the second-largest producer, the United States (29K tons), fourfold. India (25K tons) ranked third in terms of total production with a 7.7% share.
From 2012 to 2022, the average annual growth rate of volume in China amounted to +4.3%. The remaining producing countries recorded the following average annual rates of production growth: the United States (+6.2% per year) and India (+3.8% per year).
Imports
World Imports of Articles Such As Clasps, Frames With Clasps, Parts Of Base Metal
Global base metal clasp imports expanded sharply to 187K tons in 2022, growing by 6.7% against 2021 figures. The total import volume increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 21%. Global imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, base metal clasp imports rose sharply to $2.5B in 2022. Overall, total imports indicated a tangible increase 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, imports increased by +39.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. Global imports peaked in 2022 and are likely to continue growth in years to come.
Imports By Country
In 2022, India (23K tons), followed by Indonesia (14K tons), Romania (14K tons), Myanmar (10K tons) and Germany (9.6K tons) represented the major importers of articles such as clasps, frames with clasps, parts of base metal, together creating 38% of total imports. The United States (7K tons), Turkey (6.8K tons), Cambodia (6.6K tons), Italy (5.7K tons), Malaysia (5.1K tons), Vietnam (4.2K tons), South Korea (4.2K tons) and the UK (4K tons) followed a long way behind the leaders.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of +89.6%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, Italy ($210M), Romania ($171M) and Germany ($152M) were the countries with the highest levels of imports in 2022, with a combined 21% share of global imports. The United States, Vietnam, India, Indonesia, Cambodia, Turkey, the UK, South Korea, Myanmar and Malaysia lagged somewhat behind, together comprising a further 24%.
In terms of the main importing countries, Myanmar, with a CAGR of +36.8%, recorded the highest growth rate of 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 base metal clasp import price stood at $13,615 per ton in 2022, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 14% against the previous year. As a result, import price reached the peak level of $13,998 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($37,059 per ton), while Myanmar ($775 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+7.4%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Articles Such As Clasps, Frames With Clasps, Parts Of Base Metal
In 2022, global base metal clasp exports contracted to 112K tons, falling by -10.5% compared with the previous year's figure. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 39%. As a result, the exports attained the peak of 125K tons, and then contracted in the following year.
In value terms, base metal clasp exports reached $2.5B in 2022. The total export value increased at an average annual rate of +3.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 31% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in years to come.
Exports By Country
China (21K tons) and Italy (18K tons) were the main exporters of articles such as clasps, frames with clasps, parts of base metal in 2022, reaching near 19% and 16% of total exports, respectively. Romania (11K tons) ranks next in terms of the total exports with a 10% share, followed by Germany (6.7%), Turkey (6.4%), Taiwan (Chinese) (6.4%) and the Netherlands (5.5%). Hong Kong SAR (4.6K tons), Poland (4K tons), France (2.9K tons), Estonia (2.9K tons), India (2.2K tons) and Greece (1.7K tons) held a little share of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Greece (with a CAGR of +40.3%), while the other global leaders experienced more modest paces of growth.
In value terms, the largest base metal clasp supplying countries worldwide were Italy ($511M), China ($281M) and Hong Kong SAR ($273M), with a combined 43% share of global exports. France, Romania, Germany, Taiwan (Chinese), Poland, Turkey, Estonia, the Netherlands, India and Greece lagged somewhat behind, together comprising a further 36%.
In terms of the main exporting countries, Poland, with a CAGR of +34.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average base metal clasp export price stood at $22,040 per ton in 2022, surging by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 France ($82,473 per ton), while Greece ($3,183 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.3%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global base metal clasp market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25992570 - Articles such as clasps, frames with clasps..., parts of base metal
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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