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World - Base Metal Hooks, Eyes And Eyelets - Market Analysis, Forecast, Size, Trends And Insights
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The global market for base metal hooks, eyes, and eyelets is expected to see an increase in consumption and production over the next eight years. The market performance is forecasted to accelerate with a compound annual growth rate of +4.3% in volume and +6.5% in value from 2022 to 2030. While consumption declined in 2022 compared to 2021, there has been mild growth overall from 2012 to 2022. The top consuming countries were Turkey, China, and the United States. Production volume decreased in 2022, with China being the largest producer. Global imports and exports of base metal hooks also saw fluctuations, with China dominating the exports market. Overall, the market is expected to continue growing in the coming years.
Market Forecast
Driven by increasing demand for base metal hooks, eyes and eyelets worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +4.3% for the period from 2022 to 2030, which is projected to bring the market volume to 370K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +6.5% for the period from 2022 to 2030, which is projected to bring the market value to $4.5B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Base Metal Hooks, Eyes And Eyelets
In 2022, the amount of base metal hooks, eyes and eyelets consumed worldwide declined to 263K tons, with a decrease of -14.2% on 2021. Over the period under review, the total consumption indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -20.2% against 2019 indices. Global consumption peaked at 330K tons in 2019; however, from 2020 to 2022, consumption remained at a lower figure.
The global base metal hook market revenue contracted to $2.7B in 2022, with a decrease of -9.4% 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). Overall, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.6% 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 +1.8% against 2020 indices. Global consumption peaked at $3.4B in 2019; however, from 2020 to 2022, consumption remained at a lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were Turkey (36K tons), China (34K tons) and the United States (26K tons), together comprising 36% of global consumption. India, Myanmar, Indonesia, Italy, Japan, Mexico, Germany, Bangladesh, Canada and Spain lagged somewhat behind, together accounting for a further 38%.
From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +45.1%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest base metal hook markets worldwide were the United States ($427M), Turkey ($363M) and Japan ($244M), with a combined 38% share of the global market.
Turkey, with a CAGR of +11.0%, saw the highest rates of growth with regard to market size among the main consuming countries 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 hook per capita consumption in 2022 were Turkey (417 kg per million persons), Myanmar (352 kg per million persons) and Italy (147 kg per million persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Myanmar (with a CAGR of +44.1%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Base Metal Hooks, Eyes And Eyelets
Global base metal hook production contracted to 289K tons in 2022, declining by -8% against 2021. Over the period under review, production recorded a mild setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by 32% against the previous year. Global production peaked at 364K tons in 2019; however, from 2020 to 2022, production remained at a lower figure.
In value terms, base metal hook production rose slightly to $3B 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 2018 with an increase of 19% against the previous year. Over the period under review, global production attained the maximum level at $3.7B in 2019; however, from 2020 to 2022, production failed to regain momentum.
Production By Country
China (135K tons) constituted the country with the largest volume of base metal hook production, comprising approx. 47% of total volume. Moreover, base metal hook production in China exceeded the figures recorded by the second-largest producer, Turkey (35K tons), fourfold. The third position in this ranking was taken by the United States (24K tons), with an 8.4% share.
From 2012 to 2022, the average annual growth rate of volume in China totaled -4.1%. In the other countries, the average annual rates were as follows: Turkey (+11.4% per year) and the United States (+10.3% per year).
Imports
World Imports of Base Metal Hooks, Eyes And Eyelets
In 2022, the amount of base metal hooks, eyes and eyelets imported worldwide stood at 116K tons, therefore, remained relatively stable against 2021 figures. Overall, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% 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 +80.9% against 2016 indices. The growth pace was the most rapid in 2017 when imports increased by 22% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.
In value terms, base metal hook imports fell to $927M in 2022. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +34.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 41%. As a result, imports reached the peak of $972M, and then contracted in the following year.
Imports By Country
In 2022, Myanmar (19K tons), distantly followed by Greece (6.9K tons), Vietnam (6.5K tons) and Indonesia (6.2K tons) represented the main importers of base metal hooks, eyes and eyelets, together comprising 34% of total imports. Bangladesh (5K tons), India (4.9K tons), France (3.4K tons), Cambodia (3K tons), Belgium (3K tons), China (2.8K tons), Germany (2.8K tons), Malaysia (2.6K tons) and Italy (2.5K tons) took a minor share of total imports.
From 2012 to 2022, average annual rates of growth with regard to base metal hook imports into Myanmar stood at +45.1%. At the same time, Greece (+59.6%), Belgium (+18.8%), Malaysia (+15.4%), Cambodia (+15.0%), France (+10.0%), India (+8.8%), Vietnam (+7.9%), Bangladesh (+7.4%), Italy (+6.8%), Indonesia (+3.6%) and Germany (+1.3%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing importer imported in the world, with a CAGR of +59.6% from 2012-2022. By contrast, China (-6.1%) illustrated a downward trend over the same period. While the share of Myanmar (+16 p.p.), Greece (+5.8 p.p.), Belgium (+1.8 p.p.) and Cambodia (+1.6 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of China (-4.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest base metal hook importing markets worldwide were Vietnam ($136M), Indonesia ($74M) and China ($61M), together comprising 29% of global imports. Bangladesh, Italy, France, Cambodia, India, Greece, Germany, Myanmar, Malaysia and Belgium lagged somewhat behind, together accounting for a further 29%.
Among the main importing countries, Greece, with a CAGR of +39.3%, saw 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
In 2022, the average base metal hook import price amounted to $7,987 per ton, reducing by -5.4% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 21% against the previous year. Global import price peaked at $10,057 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat 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 China ($21,713 per ton), while Myanmar ($716 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+3.4%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Base Metal Hooks, Eyes And Eyelets
In 2022, global exports of base metal hooks, eyes and eyelets skyrocketed to 142K tons, picking up by 16% compared with the previous year's figure. In general, exports, however, recorded a mild setback. The pace of growth was the most pronounced in 2021 when exports increased by 34%. Over the period under review, the global exports attained the maximum at 165K tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.
In value terms, base metal hook exports soared to $1.6B in 2022. Over the period under review, total exports indicated a temperate 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, exports increased by +77.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 51% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in years to come.
Exports By Country
China dominates exports structure, finishing at 104K tons, which was near 73% of total exports in 2022. It was distantly followed by Greece (6.5K tons), generating a 4.6% share of total exports. The following exporters - Taiwan (Chinese) (3.8K tons), South Korea (3.6K tons), Germany (3.2K tons), Vietnam (2.6K tons), Austria (2.5K tons) and Hong Kong SAR (2.3K tons) - together made up 13% of total exports.
From 2012 to 2022, average annual rates of growth with regard to base metal hook exports from China stood at -2.8%. At the same time, Greece (+86.6%), Vietnam (+33.2%), Austria (+24.5%), Germany (+4.2%) and South Korea (+2.9%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing exporter exported in the world, with a CAGR of +86.6% from 2012-2022. By contrast, Hong Kong SAR (-4.2%) and Taiwan (Chinese) (-6.3%) illustrated a downward trend over the same period. While the share of Greece (+4.6 p.p.), Vietnam (+1.8 p.p.) and Austria (+1.6 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Taiwan (Chinese) (-1.8 p.p.) and China (-10.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($1.1B) remains the largest base metal hook supplier worldwide, comprising 71% of global exports. The second position in the ranking was held by Hong Kong SAR ($72M), with a 4.5% share of global exports. It was followed by South Korea, with a 4% share.
In China, base metal hook exports expanded at an average annual rate of +6.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (+0.6% per year) and South Korea (+3.1% per year).
Export Prices By Country
The average base metal hook export price stood at $11,271 per ton in 2022, leveling off at the previous year. In general, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, base metal hook export price increased by +50.9% against 2017 indices. The growth pace was the most rapid in 2020 when the average export price increased by 26%. The global export price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($31,171 per ton), while Austria ($3,657 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.4%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global base metal hook 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 25992530 - Base metal hooks, eyes, eyelets and the like, used for clothing, footwear, awnings, handbags, travel goods or other made-up articles excluding snap hooks, rivets, press studs and push buttons
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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